COP28 slides toward a tense endgame

Presented by ExxonMobil: Your guide to the political forces shaping the energy transformation
Dec 07, 2023 View in browser
 
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By Joel Kirkland

Presented by ExxonMobil

People walk through the COP28 U.N. Climate Summit.

People walk through the COP28 U.N. climate summit near the Al Wasl Dome at Expo City in Dubai, United Arab Emirates, on Monday. | Peter Dejong/AP

Talks among nearly 200 nations in Dubai to decide on the scale of the world’s response to climate change just passed the halfway mark.

Triumphant at times, dispiriting in other moments and always exhausting, the United Nations conference known as COP28 has brought more than 100,000 people from governments, corporations and every strand of society to the United Arab Emirates.

Vulnerable populations are fighting for a U.N. text that hails the certain end to producing and burning fossil fuels for energy, by far the biggest sources of climate pollution. On the other side are Saudi Arabia and other oil producers pushing for the conference to focus on the adoption of technology that can eliminate emissions — instead of trying to impose a phase-out of oil along some timeline. Then there are India, China and other countries that rely on coal to power their megacities.

Somewhere in the murky middle is the United States, with a Democratic president who has staked serious political capital on climate action. The U.S. wrestles with its own giant oil and gas industry, along with the political imperative of keeping fuel prices tolerable. European countries, for their part, are balancing energy security against climate policies and a history of climate activism — backsliding on some of their loftiest climate goals.

Reporting from Dubai, POLITICO journalist Zack Colman told Power Switch that as negotiations start a crucial second week, overlapping issues have yet to be worked out, including the search for any consensus around fossil fuels. Aside from that, climate adaptation goals are being established.

The hard part is that, at this stage, not a lot can be traded away easily through negotiation — and not in the typical fashion, Zack said. “It can’t unstick a whole lot by throwing money around.”

The biggest money issue was resolved on Day 1 as delegates agreed to a framework for creating a large global fund to help nations deal with disasters.

As government ministers come to town in the final big push of COP28, they’re asked to bring honest assessments and plans that can get the world on track to hit global warming limits set by the Paris Agreement in 2015. The galloping pace of rising climate pollution has slowed over the past eight years, but not fast enough to stave off major climate disasters.

Speaking to POLITICO’s Power Play podcast, U.S. climate envoy John Kerry put it plainly: “Nobody should be going backwards."

Wars in Europe and the Middle East have made it harder for some U.S. allies to maintain their climate policies. The U.K. government signed off on drilling for more North Sea oil and gas, and Germany is restarting coal-fired power stations ahead of the winter.

“I worry a little bit that in various places around the world there’s too much business as usual,” Kerry said, when asked about the energy decisions in the U.K. and Germany. “There’s not enough concentrated effort to all help each other with this transition.”

 

It's Thursday — thank you for tuning in to POLITICO's Power Switch. I'm your host, Joel Kirkland. Power Switch is brought to you by the journalists behind E&E News and POLITICO Energy. Send your tips, comments, questions to jkirkland@eenews.net.

 

GET A BACKSTAGE PASS TO COP28 WITH GLOBAL PLAYBOOK: Get insider access to the conference that sets the tone of the global climate agenda with POLITICO's Global Playbook newsletter. Authored by Suzanne Lynch, Global Playbook delivers exclusive, daily insights and comprehensive coverage that will keep you informed about the most crucial climate summit of the year. Dive deep into the critical discussions and developments at COP28 from Nov. 30 to Dec. 12. SUBSCRIBE NOW.

 
 
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The next COP host: Azerbaijan?

The location of this year's climate summit has been contentious, given the UAE's fossil fuel interests. Next year may be no different: Another oil-rich state just got a major boost in its bid to host COP29, a question that has been stuck in limbo because of Russia.

Though the next conference is meant to take place in Eastern Europe, Russia has prevented any EU country from hosting, claiming none would be "impartial," as Zia Weise reported. Azerbaijan and Armenia have both stepped in to offer hosting — but until now, the frequently warring countries have been blocking each other.

In a surprising reversal, Armenia announced today it would back Azerbaijan's candidacy and withdraw its own. And in a "sign of good gesture," Azerbaijan will support the Armenian bid for Eastern European Group COP Bureau membership.

Power Centers

People walk past a building showcasing the Saudi Green Initiative at COP28.

Saudi Arabia promotes its Green Initiative at COP28 in Dubai, United Arab Emirates. The oil kingdom is raising concern about climate pollution from renewable energy. | Sean Gallup/AFP via Getty Images

That's a new one
Leaders of oil-rich Saudi Arabia are pitching carbon removal to combat emissions from renewable energy, according to a government document obtained by Corbin Hiar.

The document, a copy of text prepared for a closed-door speech by a Saudi official, states that “renewables are an integral part of the solution." But it adds that “we must also act immediately to address their lifecycle emissions in the near term. This will require emissions removal.”

Energy rules take shape
The White House laid out its regulatory priorities for the coming months Wednesday, including rules that would affect energy issues including pipelines, efficiency standards and oil drilling on public lands, write Miranda Willson, Heather Richards and Brian Dabbs.

While several rules at the Department of Energy received updated timelines in the fall unified agenda, only a handful of proposed regulations at the Federal Energy Regulatory Commission were updated. The agenda also calls for finishing several consequential changes to oil and gas regulations on public lands and off the nation’s coasts.

 

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In Other News

A nuclear first: Two new advanced nuclear reactors went online in China on Wednesday, as the nation become the first in the world to deploy so-called fourth-generation reactors, which are considered safer and more fuel-efficient.

Back to basics: Stripe, Alphabet, Shopify and other companies plan to spend more than $57 million to capture CO2 using rocks.

 

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Aerial view of the Suncor oil sands extraction facility near the town of Fort McMurray in Alberta. | Mark Ralston/AFP via Getty Images

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That's it for today, folks! Thanks for reading.

 

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