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The Conversation
The Conversation
Environment
John Quiggin, Professor, School of Economics, The University of Queensland

COP28 deal confirms what Australia already knows: coal is out of vogue and out of time

At the COP28 climate summit in Dubai this week, nations agreed to “transition away” from coal, oil and gas . After 30 years of COP meetings, the world has finally committed to weaning itself from these carbon-based drivers of climate change.

As Climate Change Minister Chris Bowen told the media, the deal “sends a signal to the world’s markets, investors and businesses that this is the direction of travel for countries right around the world.”

This COP statement is the first to name and shame all carbon-based fuels driving the climate crisis – not just coal, which has been mentioned in previous COP agreements, but also oil and gas.

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