Draft Cop27 agreement fails to call for 'phase-down' of all fossil fuels

Document will provide basis for negotiations over coming days and is likely to be significantly reworkedThe UN climate agency has published a first draft on Thursday of what could be the overarching agreement from the Cop27 climate summit in Egypt However, much of the text is likely to be reworked in the coming days.The document, labelled a "non-paper", indicating it is still far from the final version, repeats the goal from last year's Glasgow climate pact to "to accelerate measures towards the phase-down of unabated coal power and phase out and rationalise inefficient fossil fuel subsidies". Continue reading...