Year-ender 2023: Key moments and significant advances in Climate Change Conference – COP28

Representatives from almost 200 nations gathered in Dubai for the COP28 climate summit, where they reached an agreement to phase out fossil fuels and achieve net-zero emissions by 2050. Over $85 billion was pledged in support of climate action. The World Bank implemented reforms, freeing up $4 billion annually. 2023 was declared the hottest year on record, prompting calls for a complete phase-out of fossil fuels. Insufficient commitments from oil companies were criticized. 134 countries signed a declaration to address the climate impacts of the food industry.Representatives from almost 200 nations gathered in Dubai for the COP28 climate summit, where they reached an agreement to phase out fossil fuels and achieve net-zero emissions by 2050. Over $85 billion was pledged in support of climate action. The World Bank implemented reforms, freeing up $4 billion annually. 2023 was declared the hottest year on record, prompting calls for a complete phase-out of fossil fuels. Insufficient commitments from oil companies were criticized. 134 countries signed a declaration to address the climate impacts of the food industry.