COP28 draft agreement to end oil disparity

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A draft of the agreement from the UN COP28 climate summit has reduced information on the use of fossil fuels after protests from countries that produce oil and gas led by Saudi Arabia.

The document – which must be agreed by almost 200 countries – sets out a number of actions that countries can “take” to reduce emissions to zero by 2050.

It includes the reduction of “use and production of fossil fuels, in a fair, orderly and equitable manner in order to achieve zero (carbon emissions) in, first, or 2050 according to science.”

But many countries are hoping for the text to move forward by giving a remarkable agreement to get rid of fossil fuels, instead of reducing their consumption and production.

The draft, published by the UN climate body, is likely to face serious opposition from these states.

If agreed, however, the document will mark the first plan laid out by the COP Summit – the most important climate organization in the world – to leave oil.

The draft also declares to “accelerate efforts worldwide for zero electricity consumption, using zero and low carbon fuels before the middle of the century”.

In the past 24 hours, discussions have been affected by a dispute over financing the transition to a green economy, as well as disputes in the future of oil.

The Alliance of Small Island States, a group of countries affected by climate change, said that “weak language on fossil fuels is not enough”.

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