Climate Congress Conflicts

As usual, the conference (COP30) has gone into overtime, but the boats many delegates are staying on (because of overcrowding in Belem, Brazil) are scheduled to leave Sunday.

At any rate, fossil fuels still contribute over 80% of global primary energy.

At the heart of the row is a disagreement over how strong a deal should be on working to reduce the world’s use of fossil fuels, whose emissions are by far the largest contributor to climate change…

Brazil’s President Luiz Inácio Lula da Silva and some countries including the UK want the summit to commit nations to stronger, faster action to reduce their use of fossil fuels. It would advance a deal made two years ago, at COP28 in Dubai, that committed countries to “transition away from fossil fuels”. A first draft of an agreement in Brazil offered three options including timeframes, but the latest version has no mention of fossil fuels…

Some developing countries have not backed the deal on fossil fuels because they want richer nations to first deliver on promises to give climate finance to help them cope with or adapt to the effects of climate change…

Deforestation has also been been a fraught issue at the meeting which takes place on the edge of the Brazilian Amazon. The new draft deal weakened previous language around tackling deforestation.

DB2

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Yep. Where’s our money, dude?

It should be noted that most of the increase since 2019 is negated by inflation.

Rich countries failed to meet their promised 2020 deadline for the $100bn goal, only reaching the yearly goal for the first time two years later in 2022…

DB2

How much CO2 and CH4 did COP30 emit?

Maybe they should have use ZOOM instead of taking a fancy tax payer funded vacation.

The Captain

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On a positive note, attendance was down about 10% from last year (60K versus 66K). That said, the COP get-togethers are said to be the largest meetings in the world.

DB2

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