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COP28 summit: Draft climate deal stops short of fossil fuel ‘phase-out’

Business Standard


As the COP28 summit in Dubai enters its final day, the latest draft text issued by its president remains conspicuously silent on the phasing out of fossil fuels. Instead, it calls for a series of ambitious measures, including trebling the global renewable energy capacity and doubling the average annual rate of energy efficiency improvements worldwide by 2030.


The text is drafted under the stewardship of COP28 President Sultan Al…


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