'The process is broken': climate activists have mixed feelings about Cop28 deal – video - The Guardian
'The process is broken': climate activists have mixed feelings about Cop28 deal - video | Environment | The Guardian
Activists at Cop28 have highlighted what they see as loopholes and insufficient progress after UN climate negotiators directed the world on Wednesday to transition away from planet-warming fossil fuels in a move the president of the talks called historic, despite the concerns of many observers. Within minutes of opening the session, Sultan Al Jaber gavelled approval of the central document – the global stocktake that says how off-track the world is on climate and how to get back on – without asking for comments
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”