COP28 sends the signal the fossil fuel industry has been afraid of – Greenpeace comment

The final outcome of the COP28 climate summit in Dubai is not the historical deal the world needs, but it does send the signal the fossil fuel industry has been afraid of: the fossil fuel era is ending.


In response to the final COP28 outcome, Kaisa Kosonen, Senior Political Advisor at Greenpeace International said:

“The signal that the fossil industry has been afraid of is there: ending the fossil fuel era, along with a call to massively scale up renewables and efficiency this decade, but it’s buried under many dangerous distractions and without sufficient means to achieve it in a fair and fast manner.

“You won’t find the words ‘phase out’ in the text, but that’s what the equitable transition away from fossil fuels in line with 1.5°C and science will necessitate, when implemented sustainably. And that’s what we’re determined to make happen, now more than ever.

“The outcome leaves poorer countries well short of the resources they will need for renewable energy transition and other needs. For the many goals of the agreement to be realised, rich countries will need to significantly step up financial support and make fossil fuel polluters pay. Only last year the fossil fuel industry made $4 trillion in profits, and they need to start paying for the harm and destruction they have caused.

“This is not the historical deal that the world needed: It  has many loopholes and shortcomings. But history will be made if all those nearly 130 countries, businesses, local leaders and civil society voices, who came together to form an unprecedented force for change, now take this determination and make the fossil fuel phase out happen. Most urgently that means stopping all those expansion plans that are pushing us over the 1.5°C limit right now.”

Ghiwa Nakat, Executive Director, Greenpeace Middle East & North Africa, said:

“COP28 has sent an unprecedented signal to the world that the starting gun has been fired for the end of the fossil fuel era. We commend the efforts of the COP presidency to conclude with a final acknowledgement of the need to transition away from fossil fuels and to mobilise climate finance with more than $700million pledged to the operationalised Loss and Damage Fund.

“But communities on the frontline of the climate catastrophe need more than this. They need to see an unwavering and resolute commitment to a rapid, equitable, and well-funded phaseout of all fossil fuels – together with a comprehensive finance package for developing countries to transition to renewables and cope with escalating climate impacts. We leave Dubai knowing that hope is still alive but our mission is far from over!”


Download high-resolution video/audio of Rebecca Newsom, Head of Politics at Greenpeace UK, giving her reaction to the close of COP28 climate talks in Dubai here.

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