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Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.
Oil and gas has dominated discussions at past COPs, which have focused on the need to cut greenhouse gas emissions from the energy and transport sectors to tackle dangerous levels of global warming. Big companies which have previously accessed COP in this way include JBS, which came in with the Brazilian delegation for COP27 in Egypt.
Farming will be front and centre at this year’s COP. Animal agriculture is the largest emitter of methane, a greenhouse gas 80 times more potent than carbon dioxide when measured over a 20 year period. Scientists say that unless swift action is taken, methane from agriculture alone will take us beyond a 1.5C
COP28 Climate Summit President Sultan Ahmed al Jaber has called for a tripling of clean energy generation by 2030 and a doubling of low-carbon hydrogen capacity by 2030, as he used his first address since being appointed to lead this year's global climate talks to promise a "COP of action". target within reach. "We
The landmark $8bn-plus agreement with South Africa to support a just transition away from coal power also provides an exciting template for how emerging economies can be provided with support as they attempt to move onto cleaner development pathways. Business played a larger and more significant role at the Glasgow COP than any before it.
I also want particularly to thank COP President Alok Sharma who has worked incredibly hard to bring countries together. Despite the Covid-19 crisis, we have accelerated action, the COP has responded to the IPCC's call to close the gap towards 1.5, Greenwashing is the new climate denial, and we have seen too much at play in this COP.
The findings further fuelled the cautiously optimistic mood that has built up during the first week of talks at COP26, which has seen a raft of new net zero pledges from emerging economies and a series of global deals to increase flows of climate finance, better protect forests, accelerate clean tech deployment, and curb methane emissions.
The first few days of COP have ushered in a wave of major announcements and funding pledges. Countries and companies have also kicked off pledges to triple investments in renewables and nuclear, drive down methane emissions, and commit loss and damage funds. The highs and the lows Empowering the Global South.
From tackling deforestation to curbing methane emissions, the various multilateral commitments are focused on areas where they can have real impact. There was definitely some spin and duplication of effort going on, but the vast majority of the announcements point to how decarbonisation efforts can be drastically accelerated.
Future COPs will re-open this debate and seek to extend it to gas and oil. The trail-blazing partnership with South Africa to help fund a transition away from coal power that could provide a template for others to follow. If COPs did not exist you would have to invent them.
Mohamed Adow, director of think tank Power Shift Africa said the achievement came after three decades of appeals for help from climate impacted nations. "To This COP caused deep frustrations but it wasn't for nothing," she said. "It The meeting was also set apart from previous COPs due to minimal activist presence around the Summit.
Like the World Cup that kicked off within hours of the gavel coming down in Sharm El Sheikh, COPs provide a regular temperature check for global geopolitics. Those frustrations were further amplified by the Egyptian Presidency's management of the talks, which saw the timetable slip badly, even by COP standards.
Mohamed Adow, director of the Nairobi-based think tank Power Shift Africa, said: "Those of us living in Africa have been aware of the urgency of the climate crisis for many years. Key to keeping 1.5C ‘alive' will be a marked reduction in the release of highly-potent methane emissions, which could rapidly slow temperature rise.
And during COP28, they’ll host a meeting to address methane pollution, an even more potent greenhouse gas than CO2. After decades of stalled negotiations on this front, there was finally a breakthrough at last year’s COP. But (why is there always a but?!) That’s what’s at stake now. “We
In November, I had the privilege to represent Schneider Electric at the UN's Conference of Parties (COP) on climate change in Glasgow. This COP was unlike the previous 25 iterations, in that it took place during a global pandemic. In reality, the current pledges align more closely to 2.7 Bottom Line for Business.
🚗 BasiGo , a Nairobi, Kenya-based EV buses in Africa, raised $24m in Series A funding from Africa50, CFAO, Mobility 54, Moxxie Ventures, Novastar Ventures, and other investors and also raised $18m in Debt funding from British International Investment and US International Development Finance Corporation.
And increasingly, the focus of COP seems to be on finance, and negotiations that – it is hoped – will provide pathways for finance to flow to where it’s needed, via mechanisms such as ESG and carbon markets. . Methane milestone? We are very encouraged by Britain’s commitment to addressing the issue.”
Campaigners and climate scientists had hoped the summit – which was billed as a “Food COP” due to its focus on farming – would see governments agree to ambitious action to transform food systems in line with the goals of the Paris climate agreement. Burr added that COPs provided an opportunity for U.S. This is especially true in the U.S,
Other demands include cutting methane emissions by 30 per cent between 2020 and 2030, working to tackle other damaging pollutants, and taking more ambitious action to decarbonise transport such as aviation and shipping. Nick Mabey, co-founder and CEO of climate think tank E3G, said the HAC grouping "makes the political weather at COP".
From President Biden to methane pledges, BusinessGreen explores the biggest developments on the fifth full day of the pivotal climate talks in Sharm EL Sheikh. Biden's address also set out his administration's plans to crackdown on methane leaks in the US' fossil fuel industry.
Speaking at an event in Milan this month, Thunberg spoke for many when she alleged that COPs have delivered little more than a talking shop since the first Earth Summit in 1992. Coronavirus and a lack of vaccinations may make it impossible for many delegates to turn up, especially from Africa, Oceania, Asia, and Latin America.
We’ll spare you the obligatory “ good COP, bad COP ” joke, but this week, we’ve got a deep dive into the UN’s biggest move at COP29 so far: the approval of Articles 6.2 This approach could set a precedent for bypassing negotiation processes in future COPs, adding uncertainty to the framework.
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