At the 2025 United Nations Climate Summit, 195 nations have reached a landmark agreement to phase out fossil fuel subsidies and establish a global carbon tax to accelerate the transition to renewable energy.

Key Provisions

• • Binding 5% annual reduction in carbon emissions for all signatories
• • $600B annual climate adaptation fund for developing nations
• • 2035 global coal phase-out target
• • Independent monitoring panel with enforcement powers

"This agreement represents a turning point in our collective commitment to sustainability. The future of our planet depends on the actions we take today."

— UN Secretary-General Elena Torres