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COP28 looks set to close as Saudis signal fossil fuel transition is acceptable

Bloomberg
Bloomberg • 2 min read
COP28 looks set to close as Saudis signal fossil fuel transition is acceptable
Saudi Arabia signalled it would support a new draft agreement published on Dec 13. Photo: Bloomberg
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The COP28 summit looks set to close with a call for a global transition away from fossil fuels, after Saudi Arabia signalled it would support a new draft agreement published on Dec 13.

The kingdom, which had pushed back hard on the idea of phasing down or phasing out fossil fuels, is fine with the version of the deal that calls for a transition instead, according to person familiar with the matter. 

Energy Minister Abdulaziz bin Salman was personally involved in negotiations and was seen walking into the presidency’s office late into the evening of Dec 12 in Dubai’s Expo centre.

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