Was COP28 worth all the fuss?

Presented by Equinor: Your guide to the political forces shaping the energy transformation
Dec 13, 2023 View in browser
 
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By Corbin Hiar

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COP28 President Sultan al-Jaber and John Kerry.

COP28 President Sultan al-Jaber and John Kerry, U.S. special presidential envoy for climate, pose for photos at the end of the COP28 U.N. Climate Summit on Wednesday in Dubai, United Arab Emirates. | Kamran Jebreili /AP

The United Nations' annual climate negotiations are contentious, confusing and — every so often — consequential. COP28, which belatedly concluded today in Dubai, United Arab Emirates, may have been one of those rare summits that actually matters.

That's because, for the first time, diplomats unanimously recognized what's been painfully obvious for decades: The world needs to transition "away from fossil fuels in energy systems," as the hard-fought agreement put it, to have a shot at avoiding catastrophic global warming.

The overdue acknowledgement that oil, gas and coal are the main cause of climate change was all the more surprising because it happened at a conference in the UAE, a petrostate along the Persian Gulf.

"We’re in an oil country surrounded by oil countries that are now signing a piece of paper saying we need to move away from oil," Danish Climate Minister Dan Jørgensen marveled, according to the Dubai wrap-up from Karl Mathiesen and an inexhaustible team of POLITICO reporters. "It is historic."

But it's too soon to judge: The true measure of COP28's success will only become apparent in the coming months and years, when the leaders of nations and companies decide how to interpret the deal.

Will they strive to triple renewable energy capacity by 2030, a target that's well within reach, POLITICO's Giovanna Coi reports? Or will they seize on potential loopholes in the text that support continued investment in "transitional fuels" (read: natural gas) and commercially unproven carbon capture technologies, as your host reported for E&E News?

U.S. climate envoy John Kerry made the optimistic case at COP28. Kerry played a central role in brokering the agreement, Mathiesen and company also reported.

“This document sends very strong messages to the world,” he said. “This is much stronger and clearer as a call” for halting global warming at 1.5 degrees Celsius — an increasingly out-of-reach goal of climate negotiators — “than we have ever heard before.”

But representatives of island nations most at risk from sea-level rise and other climate impacts weren't even in the room when the UAE celebrated the agreement and gavelled COP28 to a close.

"This is not an approach we should be asked to defend," said Anne Rasmussen, the lead negotiator for Samoa.

Next stop: Baku. The leadership of the climate negotiations now shifts from one oil state to another: COP29 will be held in the capital of Azerbaijan, a former Soviet republic that relies on fossil fuels for more than 90 percent of its exports.

Azerbaijan scored the diplomatic honor — and commercial opportunity — by winning the support of Armenia, a neighboring rival that it has warred with on and off for decades.

Russia also helped by blocking the bids of nearly every other viable candidate from Eastern Europe, the region next in line to host the talks, because they had been critical of Moscow's decision to invade Ukraine.

 

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

 

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The energy transition is the defining opportunity of our time. At Equinor, we are determined to use our competence, skills, and innovative spirit to continually search for solutions that will advance the energy transition. Our ambition is to break new ground, create lasting value, and supply energy to a thriving world while achieving net zero by 2050. Discover more about Equinor at www.equinor.com/USA.

 
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A pair of North Atlantic right whales interact at the surface of Cape Cod Bay in Massachusetts.

A pair of North Atlantic right whales interact at the surface of Cape Cod Bay, in Massachusetts, on March 27, 2023. | Robert F. Bukaty/AP

Bubble power
Offshore wind developers in New England have found a novel solution to the noise created underwater during construction: blowing bubbles.

Heather Richards writes that walls of air bubbles are being deployed around the steel turbines being hammered into the floor to absorb the sound energy. It's meant to blunt the impact of sound on whales, dolphins and other endangered species in the North Atlantic.

“You can knock out about 80 to 90 percent of the acoustic energy and get it below levels where they're harmful to marine mammals," said Richard Hine, whose company, ThayerMahan Offshore, is the first U.S. firm testing so-called bubble curtains for turbine construction.

Methane rule's next hurdle: states
EPA's final rule to slash methane emissions from oil and gas operations leans heavily on states to enforce the new standards. And while some major oil- and gas-producing states are on board, others are unhappy about the cumbersome load it creates, Shelby Webb writes.

“We are concerned it’s a lot more paperwork, and paperwork doesn’t necessarily mean more environmental quality,” said David Glatt, director of the North Dakota Department of Environmental Quality. “There will be a cost not only to the state but to industry as well.”

How the states respond to the rule — and whether they file suit against it — could dramatically affect the Biden administration's efforts to cut greenhouse gas emissions.

 

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A message from Equinor:

The energy transition is the defining opportunity of our time. Our world needs energy to keep moving forward — but it must be affordable, reliable, and sustainable. We all have a role to play. At Equinor, we’re using our competence, skills, and innovative spirit to continually search for solutions that will advance the energy transition. Our ambition is to break new ground, create lasting value, and supply energy to a thriving world while achieving net zero by 2050. From oil and gas to offshore wind and carbon capture, we’re delivering safe, secure, and reliable energy while creating jobs and investing in a more sustainable US energy system. But this is only the beginning. Discover more about Equinor at www.equinor.com/USA.

 
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