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Columbia Energy Exchange

Taking Stock of COP28

Nov 28, 2023
Climate leaders, scholars, and activists gather for COP28 to discuss fossil fuels, loss and damage commitments, and clean energy economics. Challenges and complexities of the conference are explored in light of recent developments and geopolitical conflicts. The phase out or phase down of fossil fuels is debated, including coal power and carbon capture technology. The role of national oil companies and the importance of clean energy investments are discussed. Progress in addressing loss and damage from climate change, as well as tensions over trade and the need for a framework to address the climate crisis, are examined. The role of the United States in addressing climate change in the international trade system is also explored.
51:37

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Quick takeaways

  • Global emissions are projected to increase by 9% by 2030, highlighting the urgency for a 43% reduction to combat climate change.
  • The COVID-19 pandemic and ongoing conflicts pose challenges to reaching climate change agreements at COP28.

Deep dives

Climate pledges and the need for a 43% emission reduction

Despite improvements, global emissions are projected to increase by 9% by 2030, emphasizing the need for a 43% reduction. This comes as climate leaders gather for COP 28, facing major debates on topics such as fossil fuels, loss and damage commitments, and clean energy trade tensions.

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