Takeaways from the COP28 climate deal

Nations struck a historic deal on Wednesday at the COP28 climate summit in Dubai to transition the global economy away from fossil fuels, following two weeks of hard-fought debate. The headline agreement in the COP28 pact was a provision that calls for "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner … so as to achieve net zero by 2050 in keeping with the science." The pact also had rewards for oil producers, in the form of a clear acknowledgment that technologies exist that can reduce the climate impact of oil, natural gas and coal – mainly by capturing carbon dioxide produced when fossil fuels are burned to prevent the emissions entering the atmosphere.