The proposed deal, circulated after all-night talks, calls for “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner." Scientists say that is crucial to fulfilling the Paris Accord, the landmark climate agreement that calls for governments to attempt to limit global warming to 1.5 degrees Celsius above preindustrial temperatures. If approved, the deal would be the first time a U.N. climate agreement has called for governments to cut back on fossil fuels. The U.S., Europe and nations on the front lines of climate change had been calling for a phaseout of fossil fuels, but U.A.E. Environmentalists immediately praised the new language on fossil fuels.

Source: Wall Street Journal December 13, 2023 07:10 UTC