COP28 delivers a first-ever decision on fossil fuels, but loopholes may hinder progress
The agreement at COP28 to transition away from fossil fuels marks a historic milestone, reflecting the long-standing evidence presented by SEI and partner organizations. This evidence emphasizes the need for an equitable and planned phase-out of fossil fuels. However, several potential loopholes in the agreement might decelerate the transition. The agreement also made significant progress on a Loss and Damage Fund and set a global goal on adaptation.The agreement to transition away from fossil fuels reflects the evidence presented in the 2023 Production Gap Report