The Intelligence from The Economist The Intelligence: good COP, bad COP?
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Dec 13, 2023 
In this discussion, Rachel Dobbs, the Climate correspondent reporting from COP28, reveals the complexities of the recent climate agreement, questioning if it's enough to phase out fossil fuels. Josh Roberts, Finance correspondent, shares insights on investment strategies for young people navigating a tough market. Catherine Nixie, Britain correspondent, dives into the cultural appeal of cookery books, exploring why many remain unread despite peak holiday sales. Together, they tackle environmental, financial, and culinary challenges in today's world.
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Historic COP28 Agreement
- COP28 achieved a historic agreement to transition away from fossil fuels in energy systems.
- This is the first time such an agreement has been reached, despite nearly 30 years of climate talks.
Controversy of Fossil Fuels
- Fossil fuel discussions are controversial because UN climate agreements require consensus from all countries.
- OPEC members and large fossil fuel producers have historically resisted phasing out production.
OPEC Resistance at COP28
- At COP28, OPEC countries, including the host UAE, initially resisted phasing out fossil fuels.
- A leaked letter revealed OPEC's concerns about the irreversible consequences of the agreement.
