COP28 President Sultan Al-Jaber successfully concluded the first Global Stocktake, gavelling through the text around 11am on Dec 13 in Dubai (3pm Singapore time).
After intense negotiations, COP28 concluded with an agreement to shift away from the world’s traditional energy source. Challenges and uncertainties remain
The world is set to transition away from fossil fuels, the long-standing energy source that has underpinned the global economy for centuries. After a day of overtime, 198 parties at COP28 agreed to phase out all fossil fuels, marking a historic shift in the nearly three-decade-long climate talks sponsored by the United Nations.
