DRAFT TEXT on SBSTA 59 agenda item 5 / SBI 59 agenda item 8 Matters relating to the global stocktake under the Paris Agreement. Version 5/12/2023 5:00

This second draft text was published by the U.N. climate body (UNFCCC) and shows the possible outcomes for talks at the COP28 summit in Dubai. The negotiations are part of the "global stocktake" process, in which nearly 200 nations are trying to agree on plans to curb rising global temperatures. It shows negotiators are considering calling for an "orderly and just" phase out of fossil fuels. The first option in the draft text was listed as "an orderly and just phase out of fossil fuels". The second called for "accelerating efforts towards phasing out unabated fossil fuels". The third option would be no mention of a fossil fuel phase out.