COP28: landmark deal, or messy compromise?
The COP28 climate summit concluded in the United Arab Emirates with a so-called “UAE Consensus” that resolves to “transition away from fossil fuels”—hailed as an historic first commitment to eliminate the principal cause of climate change. Many climate activists, however, assail the document as vague and non-binding. Another failure pointed to by skeptics is the lack of finance commitments to come out of COP28. The funds made available by rich countries to help developing countries adapt and transition continue to lag far behind what is needed. A New Collective Quantified Goal for Climate Finance is set to be discussed next year at COP29, to be held in Azerbaijan. (Photo: CounterVortex)