With the Inflation Reduction Act, it is expected to spawn a lot of technological innovation and clean energy and renewables. And there will be spillover effects then for the global economy also as technology improves... There's enough money to solve this. It's just not getting to the places. The Intergovernmental Panel on Climate Change has said that the money is there, but it is not flowing into the right geographies.
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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