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The asterisks on COP28’s climate pledges

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COP28's climate pledges

A flurry of pledges during the opening days of the United Nations climate summit steered clear of a key proposal for limiting global warming: phasing out fossil fuels.

Nearly 120 countries promised Saturday to triple the world’s renewable energy capacity and double the global rate of energy efficiency, while oil and gas companies committed to ending methane emissions by 2030. On the same day, the U.S. pledged $3 billion to help nations adapt to climate change and reduce emissions, while announcing a sweeping final rule to slash methane emissions from oil and gas operations. (The money pledge is “subject to the availability of funds,” the Treasury Department cautioned.)

Environmental Defense Fund President Fred Krupp summed it up as “the single most impactful day” at the annual U.N. climate summit in the nearly 30 years they’ve been occurring.

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