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COP27

COP27: Show Me The Money–Supported By Policy

Fifty years ago, “The Limits to Growth” warned humans of the serious need to live in balance with Earth’s systems. The science is settled. Likewise, technologies that drastically reduce greenhouse gas emissions are available and increasingly cost-competitive–particularly in energy production and transportation, two of the most significant contributors to global emissions. What is missing? This is not a difficult physics equation. While we live in a complex world, the laggards in this area are observable: money and societal will. As countries enter the second week of the global negotiations at the 2022 United Nations Climate Change Conference in Sharm El-Sheikh, Egypt, typically referred to as COP27, success will depend on the ability of the negotiators to mobilize investments and advance policy at the conference to accelerate opportunities for progress in altering the trajectory of climate change.

COP27 Deliberations Reaffirm Imperialist States As Main Obstacle To Ending Climate Change

After one week of speeches, discussions, demonstrations and debate, the 27th United Nations Climate Conference (COP27) has once again stalled over the questions of which global interests are actually responsible for environmental degradation. More importantly in contemporary times, the issue of imperialist countries and their multinational corporations being obligated to pay for the negative impact of greenhouse gas emissions within the former colonial and neo-colonial territories has been raised to the top of the agenda of international gatherings.

How Young Climate Activists Built A Mass Movement To Be Reckoned With

When I became a climate organizer in college in the early 2000s, the words “youth climate movement” referred more to something activists hoped to bring into existence than a real-world phenomenon. Growing numbers of young people were concerned about the climate crisis and had begun organizing in small groups on college campuses and in communities throughout the U.S. But as much as we talked about building a mass movement, it was mainly just a dream at that point. Almost 20 years later it’s impossible to deny a very real, vibrant youth climate movement has become an important force in national politics. With the rise of campaigns like the Fridays for Future school strikes a few years ago, it burst into the public spotlight in an unprecedented way. This year the United States passed its first major piece of national climate legislation.

30+ Media Organizations Call For Windfall Tax On Fossil Fuel Profits

More than 30 media organizations in more than 20 countries have come together with a simple but daring proposal: world leaders should tax big fossil fuel companies to help the most vulnerable nations respond to the climate crisis. The editorial, spearheaded by The Guardian, was published in conjunction with the COP27 UN climate conference in Sharm el-Sheikh, Egypt, and has appeared in an international array of outlets including  Hindu in India, Tempo in Indonesia, the Mail & Guardian in South Africa, Haaretz in Israel, Rolling Stone in the U.S., El Espectador in Colombia, La Repubblica in Italy and Libération in France. “My hope is that in speaking with one voice, we remind people that this is a global crisis, threatening all of us,” head of environment at Guardian News and Media Natalie Hanman said in a Guardian article about the initiative.

Agribusiness To Dominate ‘Not Inclusive’ COP27 Talks

Farming initiatives at COP27 will be dominated by agri-business players and will lack farmers’ voices, sustainable campaigners and small-holders organisations have warned ahead of the global summit’s day devoted to agriculture. For the first time, the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) gathered in these days in Egypt will address food systems and agriculture. A dedicated Agriculture and Food Pavillion at the COP27 premises has been set by the UN’s Food and Agriculture Organisation (FAO), the global partnership Consultative Group for International Agricultural Research (CGIAR), and the philanthropic organisation Rockefeller Foundation.

Real Challenge At COP27 Is Private Greed Versus Devastation Of All

The COP27 meet is underway at Sharm el-Sheikh. Although the Ukraine War and mid-term elections in the United States shifted our immediate focus away from the battle against global warming, it remains a central concern of our epoch. Reports indicate we are not only failing to meet climate change goals but falling short of the targets by a large margin. Worse, methane greenhouse gas emissions have grown far faster than we knew, and pose as much of a climate change threat as carbon dioxide. Methane lasts for a shorter time in the atmosphere, but seen over a 100-year period, it is a more potent greenhouse gas than carbon dioxide. The result is we are almost certain to fail in our target to limit global temperature rise to 1.5 degrees centigrade.

Global Carbon Budget Will Be Spent In Nine Years At Current Rate

The 2022 Global Carbon Budget report is out, and it shows that nations are still emitting beyond their means.  The report, which was released Friday amidst the COP27 UN climate conference in Sharm el-Sheikh, Egypt, found that there is now a 50 percent chance that we will burn past the 1.5 degree Celsius temperature goal in just nine years if greenhouse gas emissions continue at current levels. “This year we see yet another rise in global fossil CO2 emissions, when we need a rapid decline,” study leader Professor Pierre Friedlingstein of Exeter’s Global Systems Institute said in a statement emailed to EcoWatch. “There are some positive signs, but leaders meeting at COP27 will have to take meaningful action if we are to have any chance of limiting global warming close to 1.5°C.

At COP27, Global South Calls On North To Get Serious About Climate Funding

As the UN climate change conference COP27 progresses in the Egyptian city of Sharm el-Sheikh, Wednesday, November 9, was observed as “Finance Day.” Climate financing for adaptation and mitigation, as well as funding for enduring Loss and Damage caused by adverse impacts of the climate crisis, have occupied center stage at this year’s summit. Loss and Damage funding is officially included on the agenda for the first time in COP history, albeit with important caveats and not without struggle. “This item and the outcomes thereof are without prejudice to the consideration of similar issues in the future,” reads a footnote to the agenda item. The outcomes do not involve liability or compensation, and include the Glasgow Dialogue on Loss and Damage – a three-year process established at COP26 after the US and the European Union (EU) blocked a stronger and much more urgent proposal by the G77 and China for a Loss and Damage (financial) Facility (LDFF) as part of the summit’s Financial Mechanism.

COP27: Latin American Leaders Unite Their Voices Against Climate Change

The eyes of the world are on Egypt as this African country is now hosting the 27th Conference of the Parties to the United Nations Framework Convention (COP27), where hundreds of heads of state, ministers, activists, civil society representatives and businessmen from almost 200 countries are discussing climate change. There are great expectations for the event, which will be held until November 18. A number of important Latin American leaders have now arrived in the Egyptian town of Sharm el-Sheik, on the shores of the Red Sea, to raise the issues of the region, one of the hardest hit by climate change, and one of those that contribute the least to environmental pollution.

More Than 600 Fossil Fuel Lobbyists Attend COP27

At last year’s COP26 UN climate conference in Glasgow, there were more representatives from the fossil fuel industry, at more than 500, than from any individual country. At this year’s climate talks in Sharm el-Sheikh, Egypt, that number has increased by more than 25 percent. An analysis from Corporate Accountability, Corporate Europe Observatory and Global Witness found that there were at least 636 fossil fuel lobbyists registered at COP27, more than the combined delegations of the 10 countries most impacted by the climate crisis. The findings renewed calls to ban fossil fuel representatives from attending climate talks. “If you want to address malaria, you don’t invite the mosquitoes,” Phillip Jakpor of Public Participation Africa told BBC News.

Cop27: Limits To Growth — Inconvenient Truth Of Our Times

Ahead of the first United Nations environmental summit in Stockholm in 1972, a group of scientists prepared The Limits to Growth report for the Club of Rome. It showed planet Earth’s finite natural resources cannot support ever-growing human consumption. Limits used integrated computer modeling to investigate 12 planetary scenarios of economic growth and their long-term consequences for the environment and natural resources. Emphasizing material limits to growth, it triggered a major debate. Authored by Donella H. Meadows, Dennis L. Meadows, Jørgen Randers and William W. Behrens III, Limits is arguably even more influential today.

The US Is Presenting A Bad, Distracting Plan At UN Climate Talks

Carbon offsets—a business this new U.S. plan seems poised to grow—have been especially controversial; numerous stories and studies over the past several years have suggested they may be worse than useless, plagued by accounting problems while essentially giving companies a green light to keep emitting. As climate talks kicked off in Egypt this week and U.S. Democrats braced for a possible shellacking in Tuesday’s elections, climate envoy John Kerry floated a new initiative for helping countries finance emissions reductions. Hauling out a favorite line, Kerry told The Wall Street Journal that “no government in the world has enough money to affect the transition,” referencing the $1.3 trillion in annual funding developing countries have demanded richer ones furnish by 2030.

Sinking Nation Tuvalu Calls For Treaty Ending Fossil Fuel Use At COP27

In the late 1960s, when the nations of the world were concerned about the spread of a potentially civilization-ending technology, they came together and signed the Treaty on the Non-Proliferation of Nuclear Weapons. Now, in the face of a civilization-threatening climate crisis, a vulnerable island nation wants to do the same thing for the fossil fuels responsible. The Pacific island of Tuvalu became the first country to call for a fossil fuel non-proliferation treaty at a UN climate conference on Tuesday. “We all know that the leading cause of climate crisis is fossil fuels,” Tuvalu Prime Minister Kausea Natano said as he addressed world leaders at COP27 in Sharm El-Sheikh, Egypt.

US Mega-Banks Behind 1/3 Of Climate-Destroying Oil And Gas Expansion

Wednesday is Finance Day at COP27, the United Nations climate summit in Sharm El-Sheikh, Egypt, and the advocacy group Rainforest Action Network published a report exposing how major U.S. banks are financing hundreds of billions of dollars worth of fossil fuel projects—even as they tout their purported commitment to a low-carbon future. "The world's climate and energy scientists have set forth a clear mandate: In order to maintain a livable planet and prevent the global average temperature from increasing more than 1.5°C, we must rapidly and dramatically decrease greenhouse gas emissions," the RAN report—entitled Wall Street's Dirtiest Secret: How Fossil Fuel Expansion Depends on Big Bank Finance—states.

World Falling Short On Energy Transition Targets: IRENA Report

A new report from International Renewable Energy Agency (IRENA) at this year’s United Nations Climate Change Conference, COP 27, reviews energy targets set around the world and how they are progressing. The findings show that countries are falling short on their energy transition targets. The report also notes that only 12 of the 194 parties in the Paris Agreement have a commitment for a specific percentage of renewables in their total energy mixes. In Renewable Energy Targets in 2022: A guide to design, the research shows that globally, countries’ energy transition ambitions are not enough to limit global warming to 1.5°C. By 2030, countries are currently targeting to meet 5.4 terawatts (TW) of renewable energy capacity, but the world needs to meet 10.8 TW of installed renewable energy capacity by the end of the decade to keep warming within the 1.5°C target.

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