Was the most important outcome from COP28 left out of the final resolution? According to Emmanuel Faber, chair of the International Sustainability Standards Board, the answer is yes.
But let’s not get ahead of ourselves. The headline news this week was that a “UAE consensus”—per COP28 chair Sultan Al Jaber—was reached in Dubai. The resolution called for countries to “transition away from fossil fuels” by 2050, triple renewable energy by 2030 (and double energy efficiency), and invest in technologies like “carbon capture and storage” to abate CO2 emissions. Countries were also asked to reduce their coal use faster than previously planned.
