Friday, December 01, 2023

What can we expect from COP28 in the current climate?

I don't often admit to it, but I'm feeling particularly pessimistic as we go into yet another round of the UN Conference of the Parties. The COP28 climate summit is taking place at a time when it has never been more important to push through a strong multinational program to deal with climate change, but at a time when there seems to be push-back all over the world against those very measures.

It starts with the optics of a climate change summit hosted by the United Arab Emirates, one the world's largest producers of fossil fuels. Conflict of interest? Er, just a bit. Leaked documents suggest that the summit's hosting president, Sultan al-Jaber, who is CEO of the Abu Dhabi National Oil Company (which is already in the process of massively ramping up its oil production), as well as UAE's Minister for Industry and advanced Technology, has plans to use the event to hold back-room discussions to promote the country's oil and gas business, rather than to showcase its renewable energy projects. 

Canada will of course be there at the summit. But so will representatives from Alberta and Saskatchewan, and you know that they are not there to discuss wind and solar power. Alberta is currently using its controversial sovereignty law to push back at Ottawa's proposed clean electricity regulations, and summarily halted development of its booming renewable power industry. Just next door, Saskatchewan has vowed to stop collecting and remitting the federal carbon tax because it feels that other provinces are getting preferential treatment after the federal Liberals' ill-advised decision to give home heating oil users in Atlantic a carbon tax break. Now, Canada's First Nations are jumping on the bandwagon, calling for a judicial review of a carbon tax they see as discriminatory. As a result of all this, Canada's climate change policy is in complete disarray, and the country's emissions reduction plan is falling well short of its ambitious targets.

High inflation and struggling economies around the world, and the short sharp shock of the Russian war in Ukraine, have many countries rethinking their climate change commitments. The UK, which was doing better than most countries in reducing its carbon emissions, has announced a major overhaul (and watering down) of its green policies. The USA has been doing better environmentally under Joe Biden than it has for many a year, but the threat to its climate change achievements of a second Trump term in 2024 has everyone second-guessing where it might be going. (Trump would pull out of the Paris Agreement on climate change, roll back a bunch of executive orders on the environment, and obstruct as many progressive initiatives as possible.) Germany is backtracking on its home heating rules; France has seen protests against high fuel prices; etc, etc. Hell, even Sweden has cut taxes on fossil fuels recently.

It's not all doom and gloom. China has been investing massively in solar and wind power; the US's Inflation Reduction Act has completely turned around its environmental outlook; Brazil has got rid of its rainforest-slashing populist president; Australia has a new Prime Minister who is not quite so in-the-pocket of the coal and oil industries. Nearly a quarter of emissions worldwide are now subject to some sort of carbon tax. Renewable energy is booming.

But I still can't shake that feeling of impending doom. It hurts to admit it, but a global backlash against climate policies is undeniably underway. People are feeling the pinch and perceive themselves as overstretched in their daily lives. Climate change is no longer top of mind for many. Most people are at least aware of the immensity of the problem, but are unwilling to pay for a solution. As the low-hanging fruit has all been picked and further progress involves harder decisions and uncomfortable belt-tightening, there is a perception that green policies impose unacceptable costs. Populist right-wing politicians see this and willfully exploit it and make it worse. 

Developing countries understandably, don't want their development hampered by constraints created by first-world mistakes. New green technologies often require substantial upfront investment at a time when money is short and interest rates are high. Meanwhile, the planet is on track for an estimated 2.9% warming over pre-industrial levels, a far cry from the recommended 1.5% limit enshrined in the 2015 Paris Agreement, enough to ensure an unrelenting litany of droughts, fires, extreme heat events and general climate mayhem.

What chance, then, does COP28 stand against these forces? I am always amazed at how resilient environmentalists are, how positive they stay after setback after setback. Over 70,000 delegates are meeting in Dubai this week, most of them - notwithstanding the Albertas, Saskatchewans and UAEs of the world - intent on improving the environment and "saving the world". Who am I to doubt them?

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