Los Angeles becomes first US city to ban new oil drilling, phase out extraction
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Brazil, as COP30 host, published the first global roadmap for phasing out fossil fuels, arguing countries can decouple economic growth from coal, oil, and gas without waiting for new technologies. The roadmap shifts focus from negotiation to implementation, but its adoption and enforcement remain uncertain. This matters as it sets a concrete framework for global energy transition, potentially influencing policy and investment flows.
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