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Civil society is demanding the...

OIL AND GAS

Civil society is demanding the US to help lesser developed countries to phaseout fossil fuels

phaseout fossil fuels
The Silicon Review
13 December, 2023

Three main components are desired by civil society organizations from the energy package

At the 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change, civil society organizations have demanded that the United States, the world's largest producer of gas and oil, and other wealthy nations offer a financial package that can support energy transition in developing countries. With its December 11 draft text on the Global Stocktake (GST), the COP28 Presidency drew criticism for eliminating a mention of a phaseout of fossil fuels and substituting the word "reducing" fossil fuels by, before, or around 2050. Three main components are desired by civil society organizations from the energy package: the phase-out of fossil fuels by 2030, sufficient funding from developed to developing nations, and a request that wealthy nations make the transition first and quickly.

Developing countries are unable to make the shift because they don’t receive adequate financial and technical support. For the time being, the Center for Biological Diversity's energy justice director, Jean Lu, is hoping to see a financial support pledge in the draft. By 2050, the US will produce more than one-third of the world's expected increase in new and planned oil and gas output. Based on a Carbon Brief estimate, the nation has the highest total carbon dioxide emissions from 1850 to 2021. The text's mention of the phaseout of fossil fuels has received support from more than 100 nations.

 

 

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