Latest COP28 draft text sets new options on fossil fuel phase out | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
June 07, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JUNE 07, 2025
Latest COP28 draft text sets new options on fossil fuel phase out

World+Biz

Reuters
08 December, 2023, 09:50 pm
Last modified: 08 December, 2023, 09:55 pm

Related News

  • Wilful restriction on Gaza food aid may constitute war crime, says UN rights office
  • UN calls on donors to step forward with more support for Rohingyas
  • Japanese SMBC's $1.86b fossil fuel investments draining Bangladesh's public funds, civil society orgs claim
  • UN stands ready to help deliver lasting reform in Bangladesh: Gwyn Lewis
  • UN chief warns of 'painful' reforms, including staff cuts

Latest COP28 draft text sets new options on fossil fuel phase out

Over the next few days countries are expected to focus on the issue in hopes of reaching a consensus before the summit's scheduled end on 12 December.

Reuters
08 December, 2023, 09:50 pm
Last modified: 08 December, 2023, 09:55 pm
Climate activists protest against fossil fuels at Dubai's Expo City during the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates, December 8, 2023. REUTERS/Thomas Mukoya/ File photo
Climate activists protest against fossil fuels at Dubai's Expo City during the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates, December 8, 2023. REUTERS/Thomas Mukoya/ File photo

The UN climate agency published a new draft of its COP28 agreement on Friday which included a range of options for the future of fossil fuel use, the most contentious issue at the summit.

Over the next few days countries are expected to focus on the issue in hopes of reaching a consensus before the summit's scheduled end on 12 December.

The options included in the text, which is still under negotiation, were for the final deal to call upon countries to "take further action in this critical decade towards":

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

- "A phase out of fossil fuels in line with best available science"

- "Phasing out of fossil fuels in line with best available science, the IPCC's 1.5 pathways and the principles and provisions of the Paris Agreement"

- "A phase-out of unabated fossil fuels recognizing the need for a peak in their consumption in this decade and underlining the importance for the energy sector to be predominantly free of fossil fuels well ahead of 2050"

- "Phasing out unabated fossil fuels and to rapidly reducing their use so as to achieve net-zero CO2 in energy systems by or around mid-century"

- No language on the future use of fossil fuels.

The document also set out an option for a "rapid phase out of unabated coal power this decade and an immediate cessation of the permitting of new unabated coal power generation". The other option for this paragraph was to include no text on the issue.

Elsewhere the draft offers an option to call either for "the phase out of fossil fuel subsidies that do not address energy poverty or just transition", or to include no text on the issue.

COP28 / United Nations / fossil fuel

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BNP Standing Committee criticises chief adviser's speech, calls for national election by December
    BNP Standing Committee criticises chief adviser's speech, calls for national election by December
  • Children celebrate Eid-ul-Adha at Baitul Mukarram on 7 June 2025. Photo: Rajib Dhar/TBS
    Main Eid congregation held at National Eidgah
  • Army Chief General Waker-Uz-Zaman and his wife exchange Eid greetings with Chief Adviser Muhammad Yunus at the State Guest House Jamuna in Dhaka today (7 June). Photo: CA Press Wing
    Army chief exchanges Eid greetings with CA Yunus

MOST VIEWED

  • BRAC Bank to issue Tk1,000cr social bond
    BRAC Bank to issue Tk1,000cr social bond
  • Long lines of vehicles were seen at the Mawa toll plaza, although movement remained smooth on 5 June 2025. Photos: TBS
    Padma Bridge sets new records for daily toll collection, vehicle crossings
  • The government vehicle into which a sacrificial cow was transported by a UNO. Photo: TBS
    Photo of Natore UNO putting cattle in govt vehicle takes social media by storm
  • Fire service personnel carry out rescue operations after Dhaka-bound Parjatak Express train hit a CNG auto-rickshaw last night (5 June). Several other vehicles also got trapped under the train. Photo: Mohammad Minhaj Uddin
    3 killed, several injured after Dhaka-bound Parjatak Express train hits CNG auto-rickshaw on Kalurghat bridge
  • China to help Bangladesh counter political disinformation in foreign media
    China to help Bangladesh counter political disinformation in foreign media
  • CA’s televised address to the nation on the eve of the Eid-ul-Adha on 6 June. Photo: Focus Bangla
    National election to be held any day in first half of April 2026: CA

Related News

  • Wilful restriction on Gaza food aid may constitute war crime, says UN rights office
  • UN calls on donors to step forward with more support for Rohingyas
  • Japanese SMBC's $1.86b fossil fuel investments draining Bangladesh's public funds, civil society orgs claim
  • UN stands ready to help deliver lasting reform in Bangladesh: Gwyn Lewis
  • UN chief warns of 'painful' reforms, including staff cuts

Features

Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

2d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

3d | Panorama
Illustration: TBS

The GOAT of all goats!

4d | Magazine
Photo: Nayem Ali

Eid-ul-Adha cattle markets

4d | Magazine

More Videos from TBS

Chief Advisor offers Eid prayers at National Eidgah

Chief Advisor offers Eid prayers at National Eidgah

Now | TBS Today
Hamas warns of tougher resistance if fighting doesn't stop

Hamas warns of tougher resistance if fighting doesn't stop

29m | TBS World
No thought was given to the timing of the elections in April: Mirza Fakhrul

No thought was given to the timing of the elections in April: Mirza Fakhrul

1h | TBS Today
Eid-ul-Azha celebrations begin with religious fervor and joy

Eid-ul-Azha celebrations begin with religious fervor and joy

2h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net