What does the world need from COP28?
Interchange Recharged
Wood Mackenzie
4.8 • 535 Ratings
🗓️ 24 November 2023
⏱️ 38 minutes
🧾️ Download transcript
Summary
COP28 gets underway next week. 7 years on from the Paris Agreement, and a global stocktake of decarbonisation efforts lies ahead. Collective action is crucial, as is an exponential increase in these efforts; current policy is not enough to limit warming to 1.5 degrees C.
We are joined by Angela Wilkinson, CEO of the World Energy Council, to discuss the actions and pledges the world needs to see from the summit. She highlights the need for optimism in tackling the climate crisis. Geopolitical complexities across the world add to the challenge, creating what’s known as the energy trilemma (a term coined by the WEC nearly 20 years ago). Joining Angela to explore the issues of energy security created by geopolitical tension is Elena Belletti, Head of Carbon Research at Wood Mackenzie.
Together they look at the accountability of government and corporations with high emissions profiles, changing societal and even economic norms, and the technology (like CCS) which could form most of the debate.
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Transcript
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| 0:00.0 | COP28 is approaching. This year's annual conference of the parties to the UN Framework Convention |
| 0:05.4 | on Climate Change marks the halfway point between the Paris Agreement, adopted at COP21 in 2015, |
| 0:11.6 | and the key targets for 2030 that were set by many countries to put them on course to meet |
| 0:15.9 | the goals of that agreement. The first global stocktake of climate action has concluded that there is a rapidly |
| 0:21.7 | narrowing window to limit global warming to 1.5 degrees Celsius above pre-industrial levels. |
| 0:27.4 | From the 30th of November, COP 28 gets underway in Dubai to debate plans for getting on to that |
| 0:32.1 | Paris-aligned pathway. The energy gang will be there as an accredited media organisation |
| 0:36.7 | to bring you all the key developments from the conference. |
| 0:39.8 | We'll be evaluating the pledges, the discussions and debates, the agreements and the arguments |
| 0:43.7 | with analysis from Energy Gang regulars and special guests. We'll be interviewing leaders and |
| 0:48.4 | experts on climate and energy to get their views on the future that will be mapped out at COP28. |
| 0:53.7 | Subscribe to the Energy Gang wherever you get your podcasts, |
| 0:56.5 | so you don't miss these very special episodes coming in the first week of December. |
| 1:01.1 | This is the Interchange Recharged. |
| 1:04.1 | A Wood McKenzie production. |
| 1:06.1 | I'm David Banmiller. |
| 1:10.8 | The 28th annual UN Conference of the Parties is approaching. |
| 1:14.6 | At COP21 in Paris in 2015, a legally binding treaty on climate change was adopted by 196 parties. |
| 1:23.6 | It entered into force in November 2016, with the overarching goal of limiting global warming to well below 2 degrees Celsius above pre-industrial levels. |
| 1:32.3 | However, 1.5 degrees Celsius is widely regarded as the critical limit. |
| 1:37.3 | Crossing that threshold risks severe impacts on the climate. |
| 1:40.3 | A week out from COP 28, 7 years on from the Paris Agreement, and our chance of limiting |
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