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2023, for a number of reasons, has been heralded as a turning point for the energy transition, and the beginning of the end of fossil fuels.
The fossil fuel phase out was a major focus of COP28 in Dubai, culminating in its first explicit mention in a decision text in which all countries agreed to a transition away from all fossil fuels. This is a huge moment and a major win for vulnerable countries and communities around the world.
It’s possible that we’re even further ahead in this shift than we think – our analysis shows that we may be on track to meet the IPCC’s deadline of peaking global greenhouse gas emissions ahead of 2025.
But this optimism must be tempered by the escalating impacts of climate change felt by people all around the world. 2023 was the hottest year ever recorded, and already we are seeing our home change beyond recognition by heat, fires, storms and flooding.
As an organisation we are working hard to press on, pushing to accelerate climate action wherever we can make a difference. Whether it be through new analysis on solutions, our science, or the work that we are doing in vulnerable countries to finance and implement national climate action.