COP28 makes a historic first step in transitioning away from fossil fuels but avoids commitment to phase-out
COP28 makes a historic first step in transitioning away from fossil fuels but avoids commitment to phase-out
15 Dec 2023
The 28th Climate Change Conference of the Parties (COP28) summit drew to a close in the UAE on 13 December 2023.
Despite some controversy, the final agreement brought new cross-country agreements around fossil fuels and sector pledges to address climate change.
In this note, Matt Jarvis discusses key outcomes from COP28 and the implications for investors.