CO2 QUOTE Closing from 19-03-2025 72,36 €/T

Why India, China and Russia Oppose Plans to Triple Renewables

The United Nations Framework Convention on Climate Change (COP28) climate summit ended in Dubai on 13 December. It lasted a day longer than planned, as participants disagreed on the outcome document.

COP28 ended with the first-ever commitment to phase out the use of fossil fuels and triple renewable energy capacity by 2030. At the same time, emissions of CO₂ and other greenhouse gases, including methane, will have to be reduced. Within two years, countries will be required to submit a detailed plan of action to implement their programmes.

Continue reading the news in Geopolitika