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COP28: Calls for Emission Reductions, Renewable Energy Expansion, and Fossil Fuel Phase-Out

As global leaders debate climate solutions, Pope Francis urges a 'breakthrough agreement', Exxon Mobil's CEO calls for a focus on emissions, and 50 oil and gas companies commit to reducing methane emissions.

Overview

  • Pope Francis, unable to attend COP28 due to health issues, calls for a 'breakthrough agreement' to stem global warming, including the elimination of fossil fuels.
  • Exxon Mobil CEO Darren Woods argues that the focus should be on reducing emissions rather than phasing out fossil fuels.
  • 50 oil and gas companies, representing over 40% of global oil production, commit to virtually eliminating methane emissions from their operations by 2030.
  • German Chancellor Olaf Scholz calls for a tripling of renewable energy expansion and a doubling of energy efficiency by 2030.
  • A group of over 20 nations, including France, the UK, Japan, and Canada, advocate for a tripling of nuclear energy output by 2050.