background image

We cannot afford to have a bad COP

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Financial Times or enjoy below:

🗞️ Driving the news: The year 2023 is marked by record-breaking global temperature increases and a potential fracture in multilateral climate cooperation
• As COP28 commences in Dubai, there is an urgent need for governments to collaborate effectively on climate challenges

🔭 The context: Current climate policies are insufficient, with projections showing a 9% rise in global emissions from 2010 to 2030, contradicting the scientific recommendation of a 45% reduction
• This comes amidst soaring oil and gas industry profits and unprecedented fossil fuel subsidies

🌍 Why it matters for the planet: COP28 occurs amidst global crises, including conflicts and economic challenges
• The UAE's controversial role in expanding fossil fuel production, coupled with the summit president's dual role in the oil industry, raises concerns about the commitment to a rapid transition from fossil fuels to clean energy

⏭️ What's next: COP28 presents an opportunity for bold leadership, especially from major fossil fuel stakeholders
• The summit's success hinges on aligning domestic policies with climate commitments and significantly increasing climate finance and support for less economically developed nations

💬 One quote: "The burden of delivering a successful COP28 also extends to all governments, particularly those of nations historically responsible for generating most emissions" (Mary Robinson, former president of Ireland)

📈 One stat: Despite the need for drastic emissions reduction, global clean energy investments are projected to reach $1.7tn in 2023, while fossil fuel subsidies hit a record $7tn last year

Click for more news covering the latest on COP28

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)