COP28 is over. But not everyone is happy with the new climate agreement.

ODN

There was a standing ovation after COP28 President Sultan al-Jaber announced a new climate agreement had been reached.    More than 100 countries supported the idea of “phasing out” fossil fuels. But this proved too much to swallow for oil-rich nations, and instead, they agreed to “transition away” from the polluting fuels.     Other headline agreements were to achieve net-zero emissions by 2050, to triple renewable energy capacity by 2030, and to focus on moving away from coal, the most polluting fossil fuel.    But not everyone was happy with the deal. Representatives of low-lying island nations, who face devastation as a result of rising water levels, slammed the agreement for being too little too late. Report by Gracex. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00 We have the basis to make transformational change happen.

00:04 Heeding no objection, it is so decided.

00:08 There was a standing ovation after COP28 President

00:17 Sultan Al-Jubeir announced a new climate agreement had been reached.

00:21 The conference saw almost 200 nations come together in Dubai

00:29 to discuss how best to tackle the climate crisis.

00:32 Hosted by the United Arab Emirates, whose economy was built on oil wealth

00:39 and with the conference being attended by around 2400 representatives

00:43 and lobbyists from the fossil fuels industry, finding an agreement

00:47 to reduce the use of fossil fuels was never going to be easy.

00:51 More than 100 countries supported the idea of phasing out fossil fuels,

00:59 but this proved too much to swallow for oil rich nations,

01:02 and instead they agreed to transition away from the polluting fuels.

01:07 Other headline agreements were to achieve net zero emissions by 2050,

01:12 to triple renewable energy capacity by 2030,

01:16 and to focus on moving away from coal, the most polluting fossil fuel.

01:20 But not everyone was happy with the deal.

01:25 Representatives of low-lying island nations who faced devastation

01:29 as a result of rising water levels slammed the agreement

01:32 for being too little, too late.

01:35 We do not see any commitment or even an invitation from parties

01:38 to peak emissions by 2025.

01:41 We have come to the conclusion that the cost correction

01:44 that is needed has not been secured.

01:46 We have made an incremental advancement over business as usual

01:52 when what we really needed is an exponential step change

01:56 in our actions and support.

01:57 Environmental campaigners say that oil rich and wealthy

02:03 industrialized nations may have calculated that they can weather

02:06 the storm of climate change, even if the world fails to meet

02:10 the 1.5 degree centigrade target.

02:12 But for island nations like Samoa and those facing droughts

02:18 and famine in the global south, who face an existential threat

02:22 from climate change, time may now be running out.

02:25 [MUSIC PLAYING]

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