illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:

🗞️ Driving the news: COP28 has drawn attention for its size and scope, featuring flashy pavilions, corporate events, and a record number of attendees
• The summit has already seen a flurry of voluntary pledges and initiatives aimed at setting a positive tone
• While some view these as successes and a sign of increasing global engagement, others worry it's a distraction from the vital business of combating climate change

🔭 The context: The presence of major oil companies at COP28, including Exxon Mobil's CEO and the UAE's state oil firm leader, has brought the industry's role in climate change into the spotlight
• Their promises to decarbonize operations, rather than reduce fossil fuel production, have met with skepticism and calls for a reevaluation of the COP process

🌍 Why it matters for the planet: The scale and nature of COP28 raise crucial questions about the effectiveness of such large-scale events in driving substantive climate action 
• The involvement of major oil companies and the predominance of non-binding pledges have sparked debates on whether these gatherings are genuinely advancing the fight against climate change or merely serving as platforms for symbolic commitments and corporate influence

⏭️ What's next: The effectiveness of COP28 will be judged on whether it can move beyond showcasing ambition to actual implementation and accountability

💬 One quote: "When you have a petrostate in charge of the process, then we have this ridiculous situation where the main polluters have to give their permission for the world to make common sense decisions to save the future of humanity." (Al Gore, former U.S. Vice President)

📈 One stat: A record of 84,000 registered attendees marked COP28, a stark contrast to the first COP in 1995 with fewer than 4,000 delegates

Click for more news covering the latest on climate change