On with Kara Swisher

Will Big Bets to Solve Climate Change Pay Off? With Rajiv Shah

11 snips
Dec 18, 2023
Rajiv Shah, President of the Rockefeller Foundation and former head of USAID, dives into big bets on climate change and global challenges. He explores whether world hunger and pandemics are truly fixable or just manageable. Shah shares insights from the recent UN Climate Conference in Dubai, emphasizing the dominance of fossil fuel interests. He also argues for revamping global institutions like the World Bank and IMF, questioning the efficacy of billionaire philanthropy. Ultimately, he highlights the need for ambitious, collaborative solutions to benefit vulnerable communities.
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INSIGHT

COP28 Agreement Insight

  • The language at COP28, while using "transition away," represents progress by acknowledging the need to move from fossil fuels.
  • It lacks timelines and has loopholes, allowing for continued fossil fuel use with "abatement."
INSIGHT

Big Oil’s Influence

  • Big oil's significant presence at COP28, including lobbyists and CEOs, raises concerns about their influence on climate conversations.
  • Carbon capture and storage, while promoted, is not a sufficient solution to meaningfully reduce emissions.
INSIGHT

Climate Tipping Points

  • Irreversible climate tipping points, like ice loss in Antarctica, are occurring faster than anticipated, leading to significant impacts.
  • Current global warming trajectory towards 2.5-3 degrees Celsius is catastrophic, especially for vulnerable populations.
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