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Climate One

In Person at COP27: Funding the Global Energy Transition

Climate One

Climate One

Earth Sciences, News, Social Sciences, News Commentary, Science

4.7585 Ratings

🗓️ 18 November 2022

⏱️ 54 minutes

🧾️ Download transcript

Summary

Climate One has been at this year's UN climate summit, COP27, where one of the issues at the forefront of the conversation has been “loss and damage” – the idea that rich countries who have historically emitted the vast majority of climate-disrupting pollution should have to pay for the resulting suffering borne by those least responsible for the problem. At the same time, the whole world needs to drastically reduce its emissions and transition to clean energy – and that costs money, too. When even wealthy countries struggle to meet self imposed goals to cut down on carbon pollution, how can developing countries, who are already suffering the effects of the climate crisis, fund their own moves to clean energy? Guests:  Bogolo Joy Kenewendo, UN Climate Change High-Level Champions’ Special Advisor, Africa Director Arunabha Ghosh, CEO, Council on Energy, Environment and Water Alastair Marsh, Reporter, Bloomberg Johnson Cerda, DGM Global For show notes and related links, visit ClimateOne.org Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:20.0

Because Slackbot isn't just another AI.

0:23.3

It's AI that knows your work as well as you do.

0:26.4

Visit Slack.com forward slash meet Slackbot to learn more.

0:30.2

This is Climate 1. I'm Ariana Brocious.

0:33.5

Developing countries are suffering the harms of the climate crisis first and worst, and they're

0:38.7

least able to pay for their own transition to clean energy.

0:42.2

From that developed countries should come the funding.

0:44.9

And also we are exploring the resources from the private sector.

0:48.5

Private sector money could play a big part in the clean energy transition.

0:52.4

But too often, non-state actors, like banks,

0:55.5

pledged to make their operations net zero

0:58.1

while they continue to invest in fossil fuel extraction.

1:01.2

We have clear recommendations demanding

1:03.6

that non-state actors not only outline a target of net zero,

1:08.3

but clear pathway to get there with interim targets. How can

1:12.7

those in the developing world be empowered to direct money to where it will have the

1:16.0

greatest impact? We are directing where that money should go because we know

1:21.4

how these challenges should be dealt with. Funding the global energy transition. Up

1:26.4

next on Climate One.

...

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