Overview

• Senior officials remain divided on how to meet climate goals with some insisting oil and gas have a future if emissions are captured.
• The U.A.E. will host COP28 despite being a major oil producer; the summit president called to triple renewables but left room for fossil fuels.
• The COP28 president sees a role for fossil fuels and carbon capture technology though Europe wants a global fossil fuel phase-out.
• The COP28 president emphasized carbon capture to reduce pollution, but experts doubt its effectiveness and cost.
• The COP28 president called for rich nations to provide climate funding and increase it dramatically.