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New global stocktake text includes fossil fuels but avoids ‘phase-out’ language – Cop28 live

Fossil fuel production and consumption will be reduced by 2050 in line with scientific advice, according to new draft agreement

The UN secretary general, António Guterres, has been speaking to reporters at Cop28, underlining the significance of the next few hours of negotiations.

“We are in a race against time. As I said at the opening of Cop28, our planet is minutes to midnight for the 1.5C limit. And the clock keeps ticking. Cop28 is scheduled to wrap up tomorrow, but there are still large gaps that need to be bridged. Now is the time for maximum ambition and maximum flexibility,” he said.

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