Will COP28 lead to a “phase out” or “phase down” of fossil fuels? (Video)

One of the biggest questions being asked as the U.N.'s COP28 climate summit starts in Dubai, United Arab Emirates, is whether the world will "phase out" or "phase down" fossil fuels. CBS News senior national and environmental correspondent Ben Tracy breaks down how the decision will come with heavy stakes as greenhouse gas emissions will only worsen wildfires, droughts, floods and other extreme weather events around the world. CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: https://www.youtube.com/cbsnews Watch CBS News: https://cbsn.ws/1PlLpZ7c Download the CBS News app: https://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram: https://www.instagram.com/cbsnews/ Like CBS News on Facebook: https://facebook.com/cbsnews Follow CBS News on Twitter: https://twitter.com/cbsnews Subscribe to our newsletters: https://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com