ClimateCast with Tom Heap
What does Lego tell us about the COP28 climate deal?
Dec 16, 2023
COP28 reached a "historic" and "unprecedented" conclusion to "move away from fossil fuels"; campaigners argue it doesn't go far enough; importance of national policies in transitioning away from fossil fuels; difficulties in utilizing hydrogen as a replacement for fossil fuels
18:38
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Quick takeaways
- Transitioning away from fossil fuels requires finding alternatives for essential industries like LEGO blocks made from oil.
- The inclusion of a loss and damage fund, with $792 million pledged, is a significant win for vulnerable nations, but trillions of dollars are needed to address challenges faced by small island developing states.
Deep dives
Key Points of the UAE Consensus
The recently concluded climate talks in Dubai resulted in the UAE consensus, which highlighted several key points. Countries will need to transition away from fossil fuels in energy, although there was debate over the use of the term 'phase out.' The agreement calls for a tripling of renewable energy and a doubling of energy efficiency by 2030. Countries must also establish new adaptation plans by 2025 to address the impacts of the climate crisis. Additionally, the creation of a loss and damage fund was a significant outcome, with pledges amounting to $792 million. However, more funding, amounting to trillions of dollars, is needed to adequately support countries affected by climate change.
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