environment, news-header
A call for change without commitment: What COP28’s fossil fuel deal means for fashion
19
Dec
Dec
On Wednesday morning, hours after COP28 was officially meant to end, United Nations negotiators reached an agreement on fossil fuels, the most hotly debated topic on this year’s agenda. The agreement — dubbed the UAE Consensus — will kickstart a “transition away from fossil fuels” towards net-zero emissions by 2050. The agreement acknowledges the need for rapid change, to the tune of a 43 per cent cut in global greenhouse gas emissions by 2030, and a 60 per cent reduction by 2035, compared to 2019 levels. It also added more specific targets to triple renewable energy capacity and double energy efficiency by 2030, with the ultimate aim of limiting global warming to 1.5°C as per the Paris Climate Agreement.