Good COP, Bad COP?
Foreign Policy Live
Foreign Policy
4.1 • 622 Ratings
🗓️ 15 December 2023
⏱️ 37 minutes
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| 1:01.8 | Hi, I'm Ravi Agruwal, Foreign Policy's Editor-in-Chief. |
| 1:06.0 | This is FP Live. |
| 1:10.3 | Welcome to the show. The UN's annual climate summit, COP28, came to a close in |
| 1:16.6 | Dubai this week with what some have called a breakthrough. For the first time ever, countries |
| 1:22.4 | agreed to transition away from fossil fuels. They also agreed to curb methane emissions and triple renewable |
| 1:29.9 | energy capacity in the next seven years. It has taken 28 years for COP to put down the F words on paper. |
| 1:39.7 | That's fossil and fuel. But while it's good, they've agreed to transition away from coal, oil, and gas, |
| 1:46.6 | it is long overdue and it's not binding. In other words, there is no way to force anyone to |
| 1:53.9 | comply with anything that was agreed this week at COP. So was the Dubai cop a failure or a success? It depends on who you ask. I spoke to someone |
| 2:06.0 | this week who framed it a bit differently. Ultimately, it's all about the money. Many of the |
| 2:11.8 | technologies to create clean electricity already exist, whether it's solar or wind. The problem, as always, is how to pay for it, |
| 2:20.9 | especially if you're in the developing world where many countries are already burdened |
| 2:25.5 | with high interest payments on their existing debt. And those ones, they struggle to raise |
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