AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. That would require consensus among the nearly 200 countries present.The pledge, a draft of which was first reported by Reuters last month, also called for "the phase down of unabated coal power" and an end to the financing of new coal-fired power plants. It also included a target to double the global rate of energy efficiency by 2030.Climate vulnerable countries insisted that the goals must be paired with a deal among countries at COP28 to phase out the world's use of fossil fuels. "It is only half the solution. "We are not making the argument that this is absolutely going to be the sweeping alternative to every other energy source," Kerry said during a launch ceremony at COP28.

Source: Economic Times December 03, 2023 14:56 UTC