Why fossil fuels are so hard to quit
Despite a COP28 agreement to move away from fossil fuels, entrenched money, lobbying and institutional inertia are slowing the transition.
At COP28 the international community agreed to transition away from fossil fuels, prompting some observers to call it the beginning of the end for oil. But the shift faces powerful obstacles — financial interests, industry lobbying and institutional inertia — that have kept fossil fuels central to the global energy system.