A new deal to transition away from fossil fuels has been agreed at the COP 28 summit in Dubai.
After days of negotitations, the final draft was approved at a plenary session this morning.
It states that all parties will transition away from fossil fuels in energy systems, “in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science”, Reuters reported.
The deal also recognises “the need for deep, rapid and sustained reductions in greenhouse gas emissions” in order to remain on a trajectory for global temperatures to rise no higher than 1.5 degrees.
The move follows heads of state at the UN climate summit agreeing to triple global renewable energy capacity by 2030 last week.
Ember’s global insights lead, Dave Jones, said: “This marks the beginning of the end of the fossil fuel era.
“For the first time, the world has recognised the scale of ambition required this decade to build the new clean energy system: a tripling of renewables and doubling of efficiency improvements.
“Renewables and efficiency must now be at the top of every energy and climate plan.
“Together they are the single largest actions that can deliver rapid fossil fuel cuts this decade.
“There’s so much to gain from transitioning to a clean, electrified energy system: it’s time for governments to grab the opportunity with both hands.”