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🗞️ Driving the news: The UAE, host of COP28, expresses cautious optimism about a breakthrough in reducing greenhouse gases, potentially committing to a phase-down of fossil fuels
🔭 The context: Historically, fossil fuels have been a taboo topic at UN climate conferences
• Only recently, at COP26, was there a formal debate on their future, leading to a commitment to phase down coal
🌍 Why it matters for the planet: Acknowledging the need to address the main source of climate change, the UAE's stance could mark a historic shift in the global approach to fossil fuels
⏭️ What's next: Despite the push for phasing out fossil fuels, negotiations will decided whether there will be a complete phase-out or, more likely, a phase down
💬 One quote: "The phase-down and the phase-out of fossil fuel is inevitable." (Sultan al-Jaber, COP28 President)
📈 One stat: By 2050, unabated coal must be entirely eliminated, oil cut by 60%, and natural gas by 45% to meet global warming targets
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