COP28 and energy: Can renewables pledge counter lack of fossil fuel ambition?
For companies and their CSOs who had been calling for a phase-out of fossil fuels, the oil and gas decarbonisation charter announced on Saturday will likely be disappointing.
The energy transition was top of the agenda on Day 3 and 4 of COP28: oil and gas firms unveiled an underwhelming decarbonisation commitment, and more than 110 countries signed a pledge to triple renewable energy capacity by 2030.
For companies and their Chief Sustainability Officers who had been calling for a phase-out of fossil fuels, the oil and gas decarbonisation charter announced on Saturday will likely be disappointing, since it does not include a reduction in output.
