FACTBOX: COP28’s fossil fuel call focuses on power; carbon talks draw blank

The UN Climate Change Conference in Dubai concluded Dec. 13 with a call on all countries to move away from using fossil fuels, accelerate the phasedown of unabated coal power and triple renewables. Here, S&P Global Commodity Insights reporters add market context to the first global stocktake deal. Infrastructure The agreement recognizes the need to transition away from fossil fuels…The UN Climate Change Conference in Dubai concluded Dec. 13 with a call on all countries to move away from using fossil fuels, accelerate the phasedown of unabated coal power and triple renewables. Here, S&P Global Commodity Insights reporters add market context to the first global stocktake deal. Infrastructure The agreement recognizes the need to transition away from fossil fuels…  Read More