António Guterres, UN Secretary-General; Credit: UNFCCC/Kiara Worth

COP28: Will a magic wand sweep away oil, gas, and LNG in favor of green agenda?

The stakes at COP28 are perceived to be very high, unpacking a flurry of activity focused on energy and finance with the unfolding of the UN climate talks. As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels, with some arguing that climate change should be seen as a national security issue. The growing level of private sector engagement is perceived to be a much-needed game changer in coming to grips with climate challenges on the road to net zero, which could tip the scales in favor of renewables. Will the green push endanger planned oil and gas projects? How likely is the inclusion of language calling for an end to fossil fuel use in this conference’s final text?

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