FT News Briefing COP28: Climate summit tries to kick fossil fuel habit
Nov 27, 2023
The COP28 climate summit faces serious challenges as nations grapple with the push to phase out fossil fuels amid tensions, particularly with Turkey's rising exports to Russia. On a different note, algorithmic decisions in the UK's organ transplant system raise ethical concerns, especially after one patient's plight revealed flaws in fairness. The discussion emphasizes the need for human oversight in critical healthcare decisions, highlighting biases in automated processes.
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Fossil Fuel Phase-Out Debate
- Many countries are pushing for a global agreement to phase out fossil fuels, aiming to end new oil and gas projects.
- This debate is central to the COP28 UN Climate Summit.
Challenges to Phasing Out Fossil Fuels
- Phasing out fossil fuels is a gradual process over decades, not immediate, requiring systemic economic shifts and substantial investment.
- Oil-producing nations often oppose these measures due to their economic reliance on fossil fuels.
UAE Hosting COP28
- The UAE, a major oil producer, hosting COP28 presents a unique situation.
- The COP28 president, also head of the state-owned oil company, has convening power but may prioritize phasing out emissions over fuels.