COP28 Draft Text Sets New Options on Fossil Fuel Phase Out

By William James and Elizabeth Piper
Friday, December 8, 2023

The U.N. climate agency published a new draft of its COP28 agreement on Friday which included a range of options for the future of fossil fuel use, the most contentious issue at the summit.

Over the next few days countries are expected to focus on the issue in hopes of reaching a consensus before the summit's scheduled end on Dec. 12.

The options included in the text, which is still under negotiation, were for the final deal to call upon countries to "take further action in this critical decade towards":

  • "A phase out of fossil fuels in line with best available science"
  • "Phasing out of fossil fuels in line with best available science, the IPCC's 1.5 pathways and the principles and provisions of the Paris Agreement"
  • "A phase-out of unabated fossil fuels recognizing the need for a peak in their consumption in this decade and underlining the importance for the energy sector to be predominantly free of fossil fuels well ahead of 2050"
  • "Phasing out unabated fossil fuels and to rapidly reducing their use so as to achieve net-zero CO2 in energy systems by or around mid-century"
  • No language on the future use of fossil fuels.

The document also set out an option for a "rapid phase out of unabated coal power this decade and an immediate cessation of the permitting of new unabated coal power generation". The other option for this paragraph was to include no text on the issue.

Elsewhere the draft offers an option to call either for "the phase out of fossil fuel subsidies that do not address energy poverty or just transition", or to include no text on the issue.


(Reuters - Reporting by William James and Elizabeth Piper; Editing by Katy Daigle)

Categories: Energy Regulations Decarbonization

Related Stories

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Petronas Awards Estuary Cluster PSC to Harvester Energy

Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

Floating Nuclear: A New Offshore Energy Frontier

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Current News

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Petronas Awards Estuary Cluster PSC to Harvester Energy

ABS Backs Hanwha Ocean’s Standardized FPSO Design

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

Energean’s Profit Rises as Israeli Gas Operations Recover

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations

Petronas Turns to AI to Accelerate Upstream Investment

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com