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Fortune
Fortune
Eamon Barrett

After COP28, how companies can close the trust gap on environmental action

(Credit: Yuriko Nakao—Getty Images)

COP28 closed last week with a landmark statement on action to be taken against carbon emissions. For the first time in the decades that COP has been meeting to discuss climate change, the official communiqué released at the end of this year’s summit specified that global energy systems must transition “away from fossil fuels” in order for our climate goals to be met.

A historic admission, but the language stopped short of specifying precisely when and by how much that transition would occur, leaving many critics to dismiss the outcome as yet more greenwashing.

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