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

🗞️ Driving the news: COP28 concluded with a historic agreement among nearly 200 nations to start transitioning away from fossil fuels
• This agreement, celebrated with a standing ovation, is the first-ever climate accord to explicitly address fossil fuels as a primary driver of warming temperatures

🔭 The context: The deal, resulting from two weeks of intense negotiations, signifies a major shift in global climate policy
• It represents a compromise between advocates of aggressive climate action and major fossil fuel producers like Saudi Arabia, as well as concerns from developing countries regarding energy transitions

🌍 Why it matters for the planet: The agreement signals a decisive global move to phase out fossil fuels, boost renewable energy, and tackle forest loss
•  This is a key step towards limiting global warming to the target of 1.5 degrees Celsius set by the Paris climate agreement

⏭️ What's next: The nonbinding pact leaves implementation to individual countries, with upcoming climate summits in Azerbaijan and Brazil expected to further address follow-up actions
• The agreement also calls for tripling renewable energy capacity and doubling energy efficiency by 2030

💬 One quote: "We have delivered a paradigm shift that has the potential to redefine our economies" (Sultan al-Jaber, COP28 president)

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