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No commitment to fossil fuel 'phase down' during Cop27
Gas Climate change
Ben Payton
12 December 2022
Follow @PetroleumEcon
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Cop27 leaves oil and gas unscathed

Opposition from producer countries made a commitment to ‘phase down’ fossil fuels impossible

November’s Cop27 conference ended in disappointment for climate activists after two weeks of talks in the Egyptian resort of Sharm el-Sheikh failed to produce consensus on a timeline for ending the production of fossil fuels. Some countries, along with a huge array of NGOs, came to the summit hoping to arrive at a clear schedule for phasing out oil and gas production. Kausea Natano, prime minister of Tuvalu—a Pacific archipelago highly vulnerable to rising sea levels—hit the headlines with his call for a ‘fossil fuel non-proliferation treaty’. Advocates of such a treaty demand an immediate end to new oil and gas projects and call for existing production to decline “at a pace consistent with

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