So ... #Cop28 #Dubai #Cop #UN cop-out? It looks that way. Here is a quick summary of comments from people in the know ... (largely from the #Guardian live-feed)
- Simon Evans of Carbon Brief, who notes that hardly any of the verbs in the latest draft global stocktake text at Cop28 actually ask for action.

- the #EU - “"We think there are elements in the text that are fully unacceptable,” says Ribera. “We want to have 1.5C being the safe space. We are going to fight for 1.5C. The current text provides some reference to the science, some reference to 1.5C, but it is not consistent with dealing with #energy. We need to get into deeper discussions with many other partners, and of course with the president. I cannot hide the fact from you that as it stands, the text is disappointing", said Hoekstra."

- ‘Epic mess’ – Bill Hare of Climate Analytics - The climate scientist and chief executive of Climate Analytics, Dr Bill Hare, has been to 27 Cops in person and attended the 28th - Cop26 in Glasgow - virtually due to Covid19.

He told the Guardian the text was an “epic mess” and there was “no way if it was operationalised that it would keep 1.5C in reach. I would say it’s giving every #FossilFuel exporter on the planet everything they need to expand #Fossilfuels production. They might not say it, they might have crocodile tears, but I think any country involved in exporting #coal, #oil or #gas would be privately very happy.”

- “It’s full of weaker proposals than we’d hoped, and internal contradictions,” said Tom Evans, at thinktank #E3G. “On the one hand, it talks of the need to limit temperature rise to 1.5C, to peak #emissions in 2025, to cut emissions 43% by [2030] and 60% by 2055. But all of those require concrete actions. What’s in this text doesn’t add up: you have a long menu of options on the energy section, [but] not including the clear, unambiguous #PhaseOut fossil fuels.”

- David Waskow, at the World Resources Institute, said: “This text doesn’t send the clear signals that are needed to avert the climate crisis. The suggested set of actions is merely a pick-your-own menu.”

- "Meena Raman, #Cop veteran and climate policy expert from the Third World Network, says that she’s relieved that it’s not totally biased towards the wealthy nations, and that there’s likely to be a diversity of reactions from the developing and developed world."

- "A more nuanced take by Bob Ward, the policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science - "This has the makings of an historic text, which recognises for the first time in the outcome of a United Nations climate change summit that the production and consumption of fossil fuels need to be cut and replaced by cleaner alternatives in order to achieve net zero emissions of greenhouse gases by mid-century. However, the text is too weak at the moment because it only suggests parties could, rather than should, reduce fossil fuels consumption and production. This should not be optional""

- ‘We need [phase out] in the text’, says Colombia minister

- Susana Muhamad, Colombia’s environment minister, said - “We need [phase out] in the text. We need to acknowledge that we need 43% reduction by 2030, which is not here. We need 1.5C. 2050 is too late. If we don’t get 2030, we don’t have 2050 and we don’t have 1.5C."

- Cedric Schuster, the chair of #AOSIS (Alliance of Small Island States) and a cabinet minister of #Samoa, said in a statement - “We are concerned that the process at this time is not in the spirit of multilateralism. As #SIDS [small island developing states], we feel our voices are not being heard, while it appears that several other parties have enjoyed preferential treatment, compromising the transparency and inclusivity of the process.

We are greatly concerned that this lack of a platform to air our views has resulted in weak language that will obliterate our chances of maintaining the 1.5C warming limit …

Finance and mitigation must go hand in hand. Developed countries must lead because they have the resources to do so, we call on major economies to take the lead here in finance flows.

We will not sign our death certificate. We cannot sign on to text that does not have strong commitments on phasing out #FossilFuels."

#Climate #Klima #Klimakrise #ClimateCrisis #ClimateEmergency #ClimateSummit #Capitalism #Oil #Coal #Gas #Carbon #CO2 #Methane #CH4

"Previous IMF interventions may have reduced a country’s ability to invest in transition. Now, the IMF’s response to, or management of, an economic crisis must also consider solutions that are not building the fragilities of the future.

[…] The IMF is facing a steep learning curve."

#E3G: https://www.e3g.org/news/navigating-a-coming-storm-the-imf-and-the-climate-transition/

#IMF #finance #energyTransition #transitioning #transition #promises #money #Georgieva

🚨 In our new joint blog with #Germanwatch, #E3G and #nrdc: We assess whether the #worldbank sector notes are sufficient to avoid financial flows that conflict with the Paris Agreement.

Our assessment: is a mixed picture. Some notes provide more clarity, while others lack details and leave room for interpretation.