Every UN climate COP ends with a mix of relief, exhaustion and bafflement. The two-week COP28 conference in Dubai was no exception.
It ran nearly 24 hours over schedule and headlines centred on 34 agonisingly crafted words in the final text that called on countries to shift away from fossil fuels in energy systems.
Markets do not move and change does not magically happen with such words, even though these were the first of their kind in nearly 30 years of COPs. The power of these meetings lies instead in their ability to normalise the once unthinkable, which is why exhausted delegates haggle so fiercely over a final outcome.
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