COP28: Is it better to transition or phase out?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 December 2023
⏱️ 6 minutes
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Summary
From the BBC World Service: After last minute horse-trading at the COP28 climate conference, 200 countries have agreed to a deal that calls for a transition away from fossil fuels for the first time. But critics argue it doesn’t go far enough. Meanwhile, Argentina’s new president Javier Milei is pressing ahead with his shock therapy plan for the economy, starting with a devaluation of the peso. And we also take a look at the economic problems at the top of the agenda in Egypt’s election.
Transcript
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| 0:00.0 | In a bit to make the planet cooler, nations have warmed to an agreement. |
| 0:05.6 | Hello, and you're listening to the Marketplace Morning Report, live from the BBC World Service. |
| 0:09.9 | I'm Leanna Byrne and thanks for tuning in. |
| 0:12.1 | After working overnight, we finally got an agreement from the UN's Climate Summit, |
| 0:17.0 | COP28, which is being held in Dubai, has adopted the first ever call for the |
| 0:21.0 | planet to transition away from fossil fuels. However, it did stop short of calling for a |
| 0:25.8 | complete phase out. The summit's president, Sultan Algebar, said the deal delivers a robust |
| 0:30.6 | climate plan. It is a plan that is led by the science. It is built on common |
| 0:39.2 | ground. It is strengthened by full inclusivity and it is reinforced by collaboration. |
| 0:49.0 | Sultan Al-Jabbar there. |
| 0:51.0 | The BBC is Justin Rowlett says that despite some criticism the agreement is significant. |
| 0:55.4 | There have been 28 of these UN climate conferences over the last almost 30 years. |
| 1:00.6 | Not a single one of them has directly addressed what needs to happen to the coal, oil and gas, |
| 1:07.0 | the emissions of which are warming the planet. |
| 1:10.0 | That is why the inclusion of a direct reference to fossil fuels really is significant, |
| 1:16.3 | acknowledging for the first time that they are at the heart of the challenge the world faces. |
| 1:21.8 | But some experts are saying this agreement is not enough to |
| 1:24.9 | limit global temperatures to the target of 1.5 degrees Celsius that will avoid |
| 1:30.1 | the worst impact of climate change. |
| 1:33.0 | Justin Rallit there. Now, Tom Rippert Karnak, he's a former political |
| 1:36.7 | strategist for the United Nations Framework Convention on Climate Change, and he says the |
| 1:41.0 | subtle change in language is important. |
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