Greenbank's Nicola Day: Reflection on the highlights and challenges of COP28

‘Phase out’ or ‘transition away’?

clock • 4 min read

One day after the official closing date the “UAE Consensus” finally emerged from COP28, representing the final agreed text.

It included a myriad of statements (over 11,000 words) carefully crafted and agreed by consensus across 197 nations. Among the vast text there was however one 34-word sentence that was top of the agenda for all the delegates that I met at COP 28, and this was the statement with a commitment to "transition away" from fossil fuels in energy systems. UAE Consensus delivers 'landmark' deal to transition away from fossil fuels Many are heralding this steer away from incumbent systems as an important step in the ‘beginning of the end' of the fossil fuel era. The wording is not per...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Jennison's Jay Saunders and Neil Brown: Real-world solutions needed as energy demand soars
ESG

Jennison's Jay Saunders and Neil Brown: Real-world solutions needed as energy demand soars

Reducing emissions an 'elusive goal'

Jay Saunders and Neil Brown
clock 16 July 2025 • 3 min read
Investment Week reveals finalists for Sustainable Investment Awards 2025

Investment Week reveals finalists for Sustainable Investment Awards 2025

Ceremony on 17 September

Katrina Lloyd
clock 15 July 2025 • 7 min read
Business and Human Rights Resource Centre: Ignorance no longer a defence for unethical tech investments

Business and Human Rights Resource Centre: Ignorance no longer a defence for unethical tech investments

Tantalum’s hidden costs

Blanca Racionero Gomez
clock 11 July 2025 • 4 min read
Trustpilot