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  • 12/1/2023
Leaders from around the world are converging at the UN Climate Conference, where discussions are set to unfold on the unprecedented challenges posed by climate impacts in various nations.

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00:00 Leaders from around the world have converged at the UN Climate Conference, where discussions
00:07 are set to unfold on the unprecedented challenges posed by climate impacts in various nations.
00:14 In the opening address, Britain's King Charles issued a stark warning, highlighting the alarming
00:19 signs of climate impact that are being ignored and the potentially devastating consequences
00:24 that could follow.
00:25 Following King Charles, UN Secretary-General António Guterres, a staunch advocate for
00:31 climate action, addressed world leaders, setting the tone for discussions that will include
00:36 Kenya's President William Ruto and Saudi Arabia's Prince Mohammed bin Salman Al Saud.
00:41 Reports revealed that away from the main stage, technical committees are hard at work assessing
00:46 progress towards meeting the global climate targets, specifically the ambitious goals
00:51 outlined in the Paris Agreement.
00:53 Scientists have repeatedly tried to draw attention to the critical importance of limiting global
00:57 warming to within 2 degrees Celsius above pre-industrial temperatures.
01:02 Experts have warned that exceeding this threshold could lead to catastrophic and irreversible
01:07 consequences worldwide.
01:09 The United Nations has just released the first draft of a potential agreement from COP28.
01:15 The draft outlines building blocks for a political outcome, addressing the contentious issue
01:20 of the role of fossil fuels in the future.
01:22 One option proposes commitments to phase down or phase out fossil fuel usage, abandon coal
01:27 energy and triple renewable energy capacity by 2030.
01:31 COP28 President Sultan Hamid Al-Jabir of the United Arab Emirates in a bold move urged
01:37 countries to collaborate with oil companies to find common ground, emphasizing that involving
01:42 fossil fuel companies in the talks is essential to solving the climate crisis.
01:47 The summit has already achieved a significant victory by adopting a new fund to assist impoverished
01:52 nations in coping with the financial burdens of climate disasters.
01:57 On the agenda for discussion in the contentious issue of phasing out fossil fuel subsidies,
02:01 which amounted to a staggering $7 trillion last year, as well as considerations for incorporating
02:07 carbon capture and removal technology.
02:09 While speaking at the COP28 climate summit in Dubai, Indian Prime Minister Narendra Modi
02:14 proposed hosting COP33 in India in 2028.
02:18 He said, "India is committed to a UN framework for the climate change process.
02:23 That is why from this stage I propose to host COP33 summit in India in 2028."
02:30 As world leaders grapple with the critical decisions about climate change, the eyes of
02:34 the world are on COP28, where the future of our planet hangs in the balance.
02:39 [Music]

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