Today is the last day of the climate conference and the summit is ending with no agreement on phasing out of fossil fuels. Here are the updates:
- The total pledged money in the Loss and damage fund stands at $700 million with no new pledges from the countries. The loss and damage fund was a huge step but the pledges did not even reached a $1 billion.
- COP28 is ending with no agreement on phasing out of fossil fuels. The draft released yesterday have no mention of the phrase “ phasing out of fossil fuels”, instead it advises countries to reduce the “consumption and production of fossil fuels, in a just, orderly and equitable manner”. This means the summit was a complete failure.
COP28 Live Blog- Their Voices For Climate