- 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.
Tuesday, 12 December 2023
COP28 Day 12 Updates
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: