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The Oil and Gas Decarbonization Charter unveiled its aims for net-zero emissions by 2050 and a reduction in methane emissions by 2030.

COP28 President brought the gavel down on the historic agreement without any comment from the parties. Climate talks ran overtime on the last day as countries sparred over key issues on mitigation, adaptation and finance

Instead of the phrase "phase out" the proposal discussed "transitioning away" from fossil fuels, beginning this decade.

“There are issues with this text, but we can live with. When there are more than 190 countries, it is difficult to accommodate everyones demand and securing consensus, compromise is the only way,” said a developing country negotiator.