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Why COP27 Needs a Bigger Circus and More Solar Panels – EQ Mag Pro

Why COP27 Needs a Bigger Circus and More Solar Panels – EQ Mag Pro

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Four ways to improve UN climate conferences

I vividly remember attending my first UN climate talks in 2008. I remember the optimism, the technical conversations, the discussions about the overpriced food in the conference center, the press, the flight, and yes, the debates about the carbon footprint of the flight.

I flew to Accra as part of the delegation of the Environmental Defense Fund, to attend one of the many formal preparatory meetings leading up to the big December talks in Poznan, Poland: COP14 — the 14th Conference of the Parties — which was, in turn, largely meant as a build-up for COP15 in Copenhagen. By now, of course, COP26 has come and gone, and there will be COP27, and many more yet to come. Where to go from here?

Some conversations have shifted markedly over the years; others not at all. The 2008 idea: Cut through problems of who pays whom to do the hard work of cutting CO₂ by devising global mechanisms called “clean investment budgets.” In many ways it was a new name for an old idea: borrow from our future selves via a (hypothetical) global carbon market to pay for low-carbon investments. The basic concept is still at the core of climate negotiations, and will be for years to come — forever attempting to push the world toward ever more climate action.

There are earnest new analyses showing how more such action ought to be in everyone’s self-interest. It is, or at least it would be, were it not for centuries-old power structures pushing in the opposite direction. None of this is easy, but there are indeed some important lessons to glean from all of this for future climate talks.

Keep up the circus

People pay attention to these negotiations because other people pay attention to them, and that’s exactly the point. Next year’s talks will bring stories about how climate activists will attempt to take public transit from England to Egypt, or bike from Cape Town to Cairo. Some of these stories will be silly, some endearingly earnest. There will be self-styled ‘realists’ pointing out how, after a certain distance, planes emit less CO₂ than trains. There will be those pointing out how a focus on individual action detracts from the larger picture, or how just that focus is, in fact, empowering. Both will be right. The point is that there will be stories, all but dominating headlines, airwaves and social-media chatter.

It’s precisely because of that spotlight that the Paris Agreement’s “ratcheting up” mechanism works. There is no direct line from Leo DiCaprio taking notes at a methane side event in Glasgow to the global methane pledge aiming to cut emissions by 30% by 2030, but it’s hard to see the pledge happening without this sort of attention the COP brings.

Name the losers

The Glasgow Climate Pact stood out in that, for the first time in climate-talk history, it doesn’t just name CO₂ and other greenhouse gases as being the problem, it calls out fossil fuels. Alas, the only one mentioned by name is coal.

Coal, by many accounts, is indeed the worst offender, packing the most CO₂ punch per unit of energy. But, of course, it is not the only one. Oil and natural gas are equally part of the problem, and both should be identified by name.

Calling out coal led to a last-minute kerfuffle around the pact’s language being changed from a “phase out” to a “phase down,” with India taking the brunt of the blame. It was, of course, not the only country preferring that watered-down language. Australia, China and the U.S. were all perfectly happy to hide behind the Indian objection.

More importantly, though, by naming coal, the rich countries most dependent on oil and natural gas seemingly got off without being called out directly. The next COP should fix that omission.

Pick the winners

Conversely, future climate talks should zero in on solutions. Mentioning coal and — hopefully soon — other fossil fuels in formal negotiating texts is good. But why not mention solar photovoltaic, wind, and geothermal technologies as well? It’s easy to see how doing so will get contentious very quickly. Should large hydro and nuclear be on the list? What about carbon capture and storage?

There are no easy answers, but avoiding the issue altogether is not an answer either. Rapid progress on solar photovoltaic and other low-carbon technologies’ costs ought to be celebrated and supported.

Be prepared for rapid change

Climate conversations are often dominated by large-scale, negative tipping points. Smart policy focuses on protecting ourselves against just these nasty surprises. But they are not the only surprises.

Economic, political and societal change is similarly dominated by positive tipping points: For so long nothing changes, until suddenly everything does. It is clear that negative climate news is still outpacing policy and politics, but there are positive signs aplenty. Most importantly, when global politics, finance, and societal forces more broadly begin pushing in the right direction, that positive wave, too, will seem like a tsunami.

Many of us might wish for just that tsunami to happen, but it, too, will come with its own unique challenges. The key is to prepare now, so that at COP27 and beyond, we can create the conditions to channel it in a productive direction.

Gernot Wagner writes the Risky Climate column for Bloomberg Green. He teaches at New York University. His book “Geoengineering: the Gamble” is out this fall. Follow him on Twitter: @GernotWagner. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

Source: bloomberg

Anand Gupta Editor - EQ Int'l Media Network