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Final Text of COP28 Calls on Countries for Just Transition to Achieve Net Zero Emissions and Gradual Phasing Out of Fossil Fuels.
The 28th United Nations Climate Change Conference (COP28) has concluded its work, reinforcing the need for a transition away from fossil fuels in energy systems. The urgency of this transition was highlighted, aiming to reach net zero emissions by 2050, according to climate science.
Despite concerns that the oil agenda would dominate COP, the conference noted progress in the call for the transition away from oil, gas, and coal to sources with lesser impact on global climate. This change is crucial for addressing climate change and ensuring a sustainable future for coming generations.
Brazil Proposes Transition Away from Fossil Fuels at COP28
As an alternative to the mention of gradual phasing out (‘phase out’ in English), the new text proposed the transition of fossil fuels (‘transitioning away from’ in English).
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Offshore industrial demand in Macaé skyrockets with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.
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Offshore industrial demand in Macaé surges with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.
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Brazilian giant expands borders in the Southeast: Petrobras confirms new oil discovery in ultra-deep waters in the pre-salt of the Campos Basin.
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Alert in the global energy market: Severe tropical cyclone hits the coast and disrupts gas production at major plants in Australia, threatening global supply.
Brazilian Proposal for Just Transition at COP28
It is less ambitious than elimination, but somewhat more incisive than the version released on Monday (11).
Minister Marina Silva Highlights Importance of Just Transition
‘A transition to the end of fossil fuel use has been established here. This is something that needs to be properly aligned with the idea of a just transition’, commented Brazil’s Minister of Environment and Climate Change, Marina Silva.
Brazil Offers Blocks for Oil Exploration After Climate Conference
On the same day it celebrated the ‘transition away from fossil fuels’, Brazil offered five blocks for oil exploration in the pre-salt sharing auction.
Decision on Oil Exploration in the Equatorial Margin Will Be Discussed at CNPE
Another Brazilian move towards the expansion of fossil fuels, the decision on oil exploration in the Equatorial Margin, especially at the mouth of the Amazon River, will be discussed at the National Council on Energy Policy (CNPE), argued the minister.
Global Stocktake Highlights Insufficiency of Actions to Curb Global Warming
COP8 began in Dubai, United Arab Emirates, two weeks ago under intense pressure to include the ‘phase out of fossil fuels’ in the final document, the Global Stocktake (GST).
Minister Marina Silva Highlights Importance of Alignment with 1.5°C by 2100
One of the points celebrated among negotiators and observers is the alignment with 1.5°C by 2100 – a limit advocated by scientists.
COP29 Focused on Implementing Measures Indicated in Global Stocktake
COP29 will focus on defining the means of implementing what was indicated in the GST, which should be reflected in the updates of the NDCs (nationally determined climate contributions) to be presented at COP30.
Marina Silva Emphasizes the Foundations for Progressing Toward a Just Transition
‘We still don’t have clarity on translating a just transition, where developed countries, in the logic of the principle of common but differentiated responsibilities, take the lead. But we believe that we have the foundations here to advance something that has not been properly addressed for 31 years’, commented Marina Silva at the press conference.
Source: EPBR
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