Compromise on Transitioning from Fossil Fuels and Political Challenges of Cutting Subsidies

The compromise at the COP was aimed at transitioning away from fossil fuels in an orderly and equitable manner, driven by technology, demand, and net zero targets. This compromise was reached to avoid a breakdown and raise ambition. There was discussion about the need to cut subsidies to fossil fuels globally, but it was noted that this could lead to increased prices and be a political challenge, particularly considering recent political costs of inflation in various countries.