COP 27 - What’s on the Agenda?
Energy Terminal Weekly Newsletter
November 9th 2022 | Issue #31 | Subscribe here
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⚡ New jobs in cleantech
💵 Climate reparations
🌏 Countries with the greatest emissions
💌 New Energy Terminal opportunity
💥 NIMBY and climate conflicts
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📚 Reading List
COP 27? NIMBY? Check out this week’s handpicked reading list to learn more about these groundbreaking energy topics 🔥
🎙️Podcasts:
Global Dispatches, What Will Drive the Agenda at COP 27?
Summary 📖 :
COP 27 has now officially begun, and these conferences are the main way that countries renew, review and assess the progress towards the Paris Agreement which aims to limit global warming to at least 1.5 degrees Celsius
This year’s COP has unique geopolitical circumstances due to high global energy prices and countries that were once very adamant on the energy transition increasing their reliance on fossil fuels due to the effects of the Russian invasion of Ukraine
COP 27 is being referred to as the “African COP” for a variety of reasons, one of which is because the continent is struggling with the infrastructure vulnerabilities that come with increasing natural disasters, so adaptation finance and structural resilience are priorities for Africa this year
POLITICO Energy, What to Expect from COP 27?
Summary 📖 :
This year’s COP will have a stronger focus on climate financing and climate reparations
A big spotlight will be on the US and China, the nations that produce the most emissions, China, especially, is responsible for ⅓ of global emissions
There are plans for wealthier countries to package aid for middle income countries to help them transition from coal to renewables
Large focus will be on how developed nations will support African nations in gaining the financial infrastructure to support their own natural gas development
Redefining Energy–Minutes, November 6th, 2022
Summary 📖 :
Poland announces a new nuclear energy push, with central Europe expected to follow suit
Biomethane has seen significant recent investments as companies seek to decarbonize natural gas
📰️ Articles:
Reuters, COP27: Big Oil must pay for climate change, poor nations tell rich
Summary 📖 :
Small island nations, who have been facing increasingly violent ocean storms and a rise in sea levels due to climate change, asked large oil companies to put some of their recent profit gains towards climate change
African nations asked for international funds in order to adapt to the worsening effects of climate change
These nations also showed resistance to immediate shifts away from fossil fuels, since fossil fuels are in many ways necessary to enable their economic growth
Sri Lanka expressed anger at how much Western nations spent on the Ukraine war, but failed to spend on climate change
The Wall Street Journal, COP27 Summit Begins as Economy, Ukraine War Overshadow Climate Concerns
Summary 📖 :
An economic downturn and energy crises in Europe have put in perspective the challenges around a clean energy transition as countries scramble to secure reliable energy sources, including coal, to mitigate Russia’s energy influence
COP27 will see less representation than COP26, and there has been little progress since last year’s conference
Officials are expected to push for a collaboration between public and private financing strategies and a re-commitment to last year’s targets
World War Zero, Renewable Energy Has a NIMBY Problem
Summary 📖 :
After passing the IRA, Joe Manchin, with the support of Chuck Schumer, attempted to pass a permitting-reform bill to make it cheaper, quicker, and easier to build energy infrastructure (including green infrastructure), but this bill was shot down
The National Academies of Sciences, Engineering and Medicine found that the US must increase clean energy transmission capacity by 60% if we want to achieve the goal of net-zero emissions by 2050, meaning that development has to happen rapidly, but this is difficult when NIMBYs (“Not in my backyard”) oppose any changes to their neighborhoods.
Localized conflict over new renewable projects are a large barrier to expanding clean energy
For example, in the last year, solar projects in Ohio, Kentucky and Nevada have been delayed/halted by local people
And head here to check out previous reading lists !
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