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An oily climate deal

Today, Explained

Brokering oil and gas deals and the challenges of the climate summit

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The climate summit witnessed attempts to broker oil and gas deals, with Sultan Al-Jawbar expressing skepticism about the need to phase out fossil fuels for restricting global heating to 1.5 degrees Celsius. Despite criticism, his diplomatic role was considered crucial for brokering an agreement within a diverse group of players. The disappointment stemmed from the lack of stringent goals for climate adaptation and insufficient encouragement for richer nations to provide climate finance to poorer ones. However, the strong fossil fuel language in the agreement, emphasizing a just and orderly transition away from fossil fuels, action acceleration, and achieving net zero by 2050, was seen as a pivotal factor shaping the narrative of summit success.

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