FETSA’s View: Insights from COP 28

Ravi Bhatiani, FETSA’s executive director, shares the group’s insights into the recent COP28 summit COP28 has received mixed reviews. On the one hand, according to the European Commission interpretation, the parties agreed to accelerate the transition away from fossil fuels this decade, to take action to reduce emissions by 43% by 2030, and set the world on a pathway to reaching net zero emissions by 2050, in line with the best available science. On the other hand, this was not done in a convincing manner with negotiations running up to the last possible moment to agree wording on fossil fuels. As FETSA, we are fully aligned with the 2050 climate neutrality goal of the Paris Agreement and strongly encouraged the successful conclusion of the first Global Stocktake at the 28th Conference of the Parties (COP28) of the United Nations Framework Convention on Climate Change (UNFCCC).   Concerns Over Global Temperatures Echoing the EU negotiating position ahead of COP28, we are concerned about the findings of the Synthesis Report of the Sixth Assessment Report published in March 2023 by the Intergovernmental Panel on Climate Change (IPCC). As reported by the IPCC,...