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COP28: Hits, Misses and Vested Interests | ft. Jacob Koshy
This year’s Conference of Parties (COP28), hosted in the oil-rich UAE, was full of ironies. There were apprehensions over the host, which has oil wells in its backyard. The COP28 President was the CEO of the national oil company. It was expected that at least the rich nations would drive more climate finance.
But the negotiations that unfolded over the 12 days and the outcome caught many by surprise. The COP final text, for the first time, mentioned a transition away from fossil fuels. The decision was lauded, but the fine print is not that promising. There was no major uptick in climate…
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