COP28 reaches groundbreaking climate deal in Dubai calling for 'transitioning away from fossil fuels'

After negotiators worked through the night, a new deal has been reached at COP28 which could signalthe world's desire to move away fromfossil fuels over the next few decades in an effort to address climate change.

Representatives from nearly 200 countries gathered in a public meeting in Dubai to support the new deal, one day after the climate summit was scheduled to close. Moments after openingWednesday's session, COP28 President Sultan al-Jaber gaveapproval of the central document with the drop of the gavel.

"From the bottom of my heart, thank you," al-Jaber said."Together, we have confronted realities and we have set the world in the right direction."

"We leave Dubai with our heads held high and our work goes on," he said.

The agreement containsmuch stronger language on fossil fuels compared to a previous proposal.

For the first time, the text calls for a "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner,accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science."

Groundbreaking proposal

During the two-week summit, al-Jaber raised expectations by consistently vowing to strike a historic deal in Dubai.

The agreement is groundbreaking as it would mark the first time that nations agree at a UN climatesummit to explicitly addressfossil fuels and the need to move away from oil, natural gas and coal in order to limit global warming.

"I am in awe of the spirit of cooperation that has brought everyone together," said John Kerry, U.S. Special Presidential Envoy for Climate.

"To have as strong a document as has been put together, I find, is cause for optimism, cause for gratitude," Kerry said.

There is added significance considering the climate summit is being held in OPEC-territory and al-Jaber, himself, is the chief executive of the United ArabEmirates' state-owned oil company, ADNOC.

WATCH |COP28's president is calling the Dubai climate agreement 'historic.' Here's some of what he had to say:

COP28's president is calling the Dubai climate agreement 'historic.' Here's why

8 months ago

Duration 3:20

COP28 president Sultan Al Jaber says the agreement reached in Dubai is a 'balanced' plan that keeps 1.5 C within reach. Hear some of what he said as he outlined the agreement.

Still, some countries and environmentalleaders arefeeling disappointed becausethe deal does notcall for a 'phase out' or 'phase down' of fossil fuels. Al-Jaber had suggested those terms could be included in a final agreement, but are absent.

Thephrasing of transiting away from oil, gas and coal to reach net zero emissions implies that countries will aim to lower their production and consumption of fossil fuels over the coming decades, but can still use them beyond 2050 by using carbon capture facilities and other technology to prevent greenhouse gases from entering the atmosphere.

That's why the agreement is described by some environmental experts as a paradox, since it's neither a small step forward nor a giant leap in efforts to address climate change, but somewhere in the middle.

"It's not the phase out that the president promised, but it would be a significant step forward, especially at a COP that has been so visibly captured by the fossil fuel lobby," saidCaroline Brouillette, an environmental campaigner with Climate Action Network Canada.

The Alliance of Small Island States said on Wednesday it saw "a litany of loopholes" in the agreement.

"The text does not speak specifically to fossil fuel phase out and mitigation in a way that is in fact 'the step change that is needed,'" said the alliance, known by its acronym AOSIS, which represents several countries that are facing climate effects such as rising sea levels.

AOSIS described the deal as "incremental and not transformational," but will work with other countries in the spirit of cooperation to accelerate action for its communities.

The deal callsfor a tripling of renewable energy capacity around the globe and a doubling of energy efficiency by 2030, which were both supported by Canada.

WATCH | New draft addresses use of fossil fuels:

COP28 final agreement draft text does not say 'phase out' of fossil fuels

8 months ago

Duration 1:46

The draft final agreement of the COP28 climate summit refers to transitioning away from fossil fuels but does not contain the words 'phase out,' the phrase which stalled negotiations earlier.

A proposed deal released Monday was criticized for falling well short of the action needed to address global warming.That initial text was a failure, said Catherine Abreu, founder and executive director of the advocacy group Destination Zero,but Wednesday'sfinal agreement was worth a B grade.

"Finally, we have a COP outcome that acknowledges the cause of climate change," she said, "And takes some action on addressing the consequences of climate change by adopting a loss-and-damage fund.

The global climate damage fund was launched during the conference with the support ofmore than 120 nations. It'sdesigned to help developing countries cope with the impacts of climate change such as floods, drought and rising sea levels. Germany and the host country U.A.E. were the largest contributors, each giving $100 million US, while Canada pledged about $12 million US.

Canada's federal environment ministerSteven Guilbeaultsaid in a statement the deal "addresses the impacts of polluting and harmful energy sources, and shapes a path towards energies that are safer and more reliable.

"The text has breakthrough commitments on renewable energy, energy efficiency, and the transition away from fossil fuels. The package is not perfect, no UN text is," Guilbeaultsaid.

Most large oilpatch companies in Canada already have set net-zero targets for 2050. Canadian oil production is expected to rise in 2024 to a record high.