博彩对冲

COP28 ended in Dubai this week with an agreement to 鈥渢ransition away" from fossil fuels 鈥� the first explicit mention of fossil fuels in the final communique of the UN's annual climate summit over its 30-year history. While tougher language about a "phaseout" of fossil fuels was dropped, COP28 sends a broad 鈥� albeit vague 鈥� signal to global policymakers and financiers about the direction of the low-carbon energy transition. For oil and gas companies, which showed up in force at COP28, the deal鈥檚 final text represents a mixed bag. On the one hand, it serves as a fresh warning of the eventual end of the fossil fuel era, even if language about the transition and its timelines remains loose. On the other, it supports oil and gas companies鈥� argument that hydrocarbons must play an ongoing role in the global energy system to ensure energy security and affordability, particularly for poorer countries. The final agreement stated the need for 鈥渢ransitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science.鈥� This careful wording allowed both fossil fuel producers and opponents to get on board. 鈥淢any people here would have liked clearer language about the need to begin peaking and reducing fossil fuels in this critical decade, but we know this was a compromise between many parties,鈥� said US special climate envoy John Kerry after COP28 concluded.