World needs 'torrents' of cash for green transition: UN - World
PARIS: The world needs to urgently start investing trillions of dollars in the green transition, the United Nations...
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PARIS: The world needs to urgently start investing trillions of dollars in the green transition, the United Nations...
UN climate talks in Dubai exceeded their set deadline as nations disputed a proposed compromise lacking a fossil fuel phase-out. The Emirati president sought an ambitious deal but faced backlash over the draft. At-risk nations like the Marshall Islands opposed the weak text, emphasizing their survival stakes. Amid record fossil fuel lobby presence, the draft lacks demands for action, igniting criticism. The draft's ambiguity contrasts with the urgency to combat climate crises, with calls for zero-emission technologies.
The head of the UN climate summit pressed nations Friday to strike a deal as talks resumed after a break, with only four days left for negotiators to iron out differences over the fate of fossil fuels. A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break.
World News: UN Secretary General Guterres urged world leaders at the Cop28 summit to plan for a future without fossil fuels. He emphasized the need to stop burnin
The assessment could become politically divisive as it sets the stage for global action in cutting planet-warming emissions in the next few years. Here is what you need to know about the stocktake.