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"You did step up, you showed flexibility, you put common interest ahead of self-interest," said COP28 president Sultan Al Jaber, whose role as head of the United Arab Emirates' national oil company had raised suspicion among many environmentalists.
Nearly 200 nations sidestepped a debate over whether to 'phase out' fossil fuels by agreeing instead to transition away from them.
The countries agreed to contribute towards tripling global renewable energy capacity and doubling the current annual rate of energy efficiency improvements by 2030.
ALBAWABA – Oil prices hovered near a six-month low on Wednesday as the US dollar gained ahead of the US Fed announcement on US interest rates
According to the Emissions Gap Report, published by the UN Environment Programme last month, global emissions in 2022 were at least a billion tonnes higher than in 2019.