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Today, Explained
An oily climate deal
Dec 14, 2023
Tim McDonnell, climate editor at Semafor, shares insights on the unconventional leadership of COP28, hosted by an oil executive, raising eyebrows and skepticism among activists. The discussion highlights leaked documents revealing oil and gas discussions while addressing the stark contrast between climate action and fossil fuel interests. McDonnell also outlines key agreements aimed at fossil fuel transition and the urgent need for effective enforcement. Wrapping it up, he emphasizes the pressing challenges and resilient hope for genuine climate progress.
26:13
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Quick takeaways
- The presence of an oil executive as the summit president played a unique role in brokering the agreement at COP28, emphasizing the importance of a just and equitable transition.
- The challenge of reaching unanimous consent from diverse countries with varying interests and levels of fossil fuel production and consumption was addressed through the presence of an oil executive leading the conversation, considering varying national circumstances and paces.
Deep dives
Historic consensus on transition away from fossil fuels
For the first time in 30 years of climate negotiations, every country in the world has agreed to transition away from fossil fuels. This groundbreaking outcome was achieved at COP 28 in Dubai, where the final agreement explicitly used the words 'fossil fuels.' Despite the controversial setting of an oil-rich nation hosting the summit, the presence of an oil executive as the summit president played a unique role in brokering the agreement. The agreement also emphasized the importance of a just and equitable transition. While some details in the agreement may disappoint, it is regarded as a significant step forward towards addressing climate change.
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