Excerpt from cnbc.com
The deepening climate emergency underscores the urgent need for policymakers to oversee a rapid transition away from fossil fuels.
How countries navigate this switch, however, is fiercely contested.
The burning of energy sources such as coal, oil and gas, is the chief driver of the climate crisis. Yet, while politicians and business leaders routinely tout their commitment to the energy transition, the world’s fossil fuel dependency remains on track to get even worse.
Climate scientists have repeatedly stressed the best weapon to tackle rising global temperatures is to reduce greenhouse gas emissions as quickly as possible.
The Glasgow Climate Pact, an agreement reached at the COP26 summit earlier this month, marked the first time ever that an international climate deal explicitly mentioned fossil fuels. The final agreement called for countries to “phase down” coal use and “inefficient” fossil fuel subsidies.