There is a lot riding on the private sector because as we know, public money is scarce. It could be through government policies and regulations which encourage private sector to invest in the right thing. The kind of incentives that are being given if I were to just take the example of electric cars in the US. Or heat pumps. We love heat pumps. Yeah, people, you get money and that has had bipartisan support. So much is riding on how financing in the private sector could be mobilized.
The 27th UN convention on climate change, known as COP27, is now underway in Sharm El Sheikh, Egypt. When Climate One spoke with Egyptian Ambassador Wael Aboulmagd in October, he argued that progress at this year’s summit would be more rapid than in past years, because this year, the focus is on implementation rather than negotiation.
And for the first time, loss and damage — what richer nations owe poorer ones for the climate impacts their emissions have caused — is on the agenda. How will these issues play out during the conference? Are countries increasing their ambition as promised, and keeping the goal of limiting warming to 1.5 degrees alive? Climate One brings us interviews with those on the ground pushing for meaningful change in Egypt.
Guests:
Preety Bhandari, Senior Advisor, Global Climate Program and the Finance Center, World Resources Institute
Claire Stockwell, Senior Climate Policy Analyst, Climate Analytics
David Munene, Programs Manager, Catholic Youth Network for Environmental Sustainability in Africa
For show notes and related links, visit our website.
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