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Will the Global Energy Crisis Accelerate the Energy Transition? The Big Question at COP27 — Global Issues

Real Hacker Staff by Real Hacker Staff
November 16, 2022
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One of many many actions held on Power Day (Nov. 15) at COP27, the place discussions are happening for 2 weeks on make additional progress on world local weather motion. The consensus amongst observers is that the vitality transition away from fossil fuels will speed up within the wake of the conflict in Ukraine and its affect on oil and gasoline provide and costs. CREDIT: Daniel Gutman/IPS
  • by Daniel Gutman (sharm el sheikh, egypt)
  • Wednesday, November 16, 2022
  • Inter Press Service

SHARM EL SHEIKH, Egypt, Nov 16 (IPS) – COP27 is unlikely to supply new commitments to scale back emissions of climate-changing gases, however the world vitality disaster will finally immediate extra motion by nations to maneuver away from fossil fuels. That’s the optimistic feeling that many observers are taking away from the annual local weather summit being held in Egypt.

“The rise in vitality costs attributable to Russia’s invasion of Ukraine set again many nations within the transition to renewable energies in 2022,” Manuel Pulgar Vidal, world chief of Local weather & Power at WWF, informed IPS. “However this isn’t going to final, as a result of developed nations have confirmed that one of the best path to vitality safety is to speed up the abandonment of fossil fuels.”

The difficulty is seen from the identical viewpoint in some nations of the creating South.

Costa Rica’s Minister of Surroundings and Power Franz Tattenbach Capra was emphatic in an interview with IPS: “International locations like ours, which haven’t got oil or gasoline, are appalled by the worth will increase. This may lead us to attempt to turn into much less depending on imports.”

The shut relationship that has been established between local weather motion and financial improvement is straightforward to see on the twenty seventh Convention of the Events (COP27) to the United Nations Framework Conference on Local weather Change, which has drawn greater than 33,000 folks to this seaside resort city on the Sinai Peninsula.

This hyperlink goes far past the negotiations between the 193 States Events on local weather change mitigation and adaptation, which this yr focuses on local weather motion, as highlighted by the summit’s slogan: “Collectively for Implementation”.

A demonstration is held at the Sharm El Sheikh International Convention Center at COP27 to remind the world of the importance of the Sustainable Development Goals aimed at boosting global peace and prosperity, fighting climate change and making the transition to clean energy by 2030. CREDIT: Daniel Gutman/IPS
An illustration is held on the Sharm El Sheikh Worldwide Conference Heart at COP27 to remind the world of the significance of the Sustainable Growth Targets geared toward boosting world peace and prosperity, combating local weather change and making the transition to scrub vitality by 2030. CREDIT: Daniel Gutman/IPS

International honest

COP27 could be very very similar to a commerce honest and a multitudinous assembly place, with an amazing variety of talks, actions and doc sharing, the place the duty of selecting the place to be could be very troublesome and everybody continuously feels they’re lacking out on one thing extra attention-grabbing occurring on the similar time.

Whereas world leaders give speeches and technical officers talk about the subsequent steps for local weather motion, nations, organizations and firms search and supply financing, in private and non-private conferences, for every kind of initiatives, starting from vitality, agriculture and infrastructure to the empowerment of indigenous communities.

“This course of has been very skillful in connecting local weather change and economics. Everyone knows that nations that don’t act responsibly with regard to the local weather are going to slip backwards within the coming years,” stated Pulgar Vidal, who co-organized and chaired COP20, held in Lima in 2014, when he was Peru’s atmosphere minister.

The vitality sector is unquestionably the grasp key to discovering options to local weather change, as it’s chargeable for greater than three-quarters of worldwide greenhouse gasoline emissions and continues to be primarily fossil-fuel primarily based.

In response to a report offered right here by the Worldwide Renewable Power Company (IRENA), solely 29 p.c of technology comes from different sources and carbon emissions proceed to rise.

And the previous yr “frankly, has been a yr of local weather procrastination,” stated United Nations Surroundings Program (UNEP) govt director Inger Andersen on Nov. 15, the day devoted to vitality within the unending agenda of aspect occasions happening on the Sharm el-Sheikh Worldwide Conference Heart.

Within the official negotiations, nevertheless, the vitality dialogue seems to be within the background, behind the talk on the creation of a fund to compensate for loss and harm within the nations of the South which have suffered probably the most from droughts, floods, hurricanes, forest fires and different phenomena which have accelerated in recent times.

COP26, held a yr in the past in Glasgow, Scotland, ended with a bitter style with respect to vitality when, following an intervention by India, a dedication was made to scale back, reasonably than remove, using coal, probably the most polluting fossil gasoline.

For now, there isn’t any indication that this summit will finish with a greater settlement on this space.

Manuel Pulgar Vidal, a former Peruvian environment minister and the chair of COP20 on climate change, held in Lima in 2014, poses for photos in one of the corridors of COP27 at the Sharm El Sheikh International Convention Center in Egypt, where he is participating as global leader of Climate & Energy at WWF. CREDIT: WWF
Manuel Pulgar Vidal, a former Peruvian atmosphere minister and the chair of COP20 on local weather change, held in Lima in 2014, poses for photographs in one of many corridors of COP27 on the Sharm El Sheikh Worldwide Conference Heart in Egypt, the place he’s collaborating as world chief of Local weather & Power at WWF. CREDIT: WWF

Results of the conflict

Carlos Manuel Rodríguez, chair of the most important multilateral fund for financing local weather motion in creating nations, can be satisfied that the vitality disaster generated by the conflict in Ukraine will, within the medium and long run, set off a sooner transition.

“The battle made many individuals perceive how susceptible the worldwide vitality system is and the way dangerous dependence on fossil fuels is,” the CEO of the International Surroundings Facility (GEF) informed IPS in one of many huge corridors of the Sharm El Sheikh Worldwide Conference Heart, the place the heavy site visitors of individuals doesn’t cease between 8:00 AM and 9:00 PM.

Rodríguez, the previous Costa Rican atmosphere minister, stated that “With an vitality combine primarily based extra on renewable sources, there would have been extra resilience to the affect of the occasions in Ukraine. European nations have already understood this and I’m assured that they’re understanding it in different areas.”

Stories circulating in Sharm El Sheikh assist the speculation that the affect of the disaster might be useful for the vitality transition in the long term.

Within the 4 largest emitters – China, the USA, the European Union and India – private and non-private funding in transport electrification and renewable vitality is rising attributable to market mechanisms and issues about vitality safety, says a paper offered by the Power and Local weather Intelligence Unit (ECIU), an unbiased advisory group primarily based in the UK.

“The tempo at which the inexperienced transition is rushing up…is exceptional….no-one who genuinely understands the interconnected crises dealing with the world believes that extra oil and gasoline characterize something greater than a really short-term resolution,” Gareth Redmond-King, worldwide lead on the ECIU, stated on the local weather summit.

Harjeet Singh, of the Climate Action Network International, which brings together more than 1,800 environmental organizations, takes part in a demonstration at the Sharm El Sheikh International Convention Center. The demand is to ensure that the necessary efforts are made so that global temperature does not increase beyond 1.5 degrees Celsius above pre-industrial levels. CREDIT: Daniel Gutman/IPS
Harjeet Singh, of the Local weather Motion Community Worldwide, which brings collectively greater than 1,800 environmental organizations, takes half in an illustration on the Sharm El Sheikh Worldwide Conference Heart. The demand is to make sure that the required efforts are made in order that world temperature doesn’t improve past 1.5 levels Celsius above pre-industrial ranges. CREDIT: Daniel Gutman/IPS

Stress from civil society

A broad spectrum of organizations are participating in COP27, aiming to affect the negotiation course of and search funding.

Harjeet Singh of the Local weather Motion Community Worldwide (CAN-I), an umbrella group of greater than 1,800 organizations in 130 nations, informed IPS that “the conflict in Ukraine shifted the main focus of many developed nations from local weather motion to vitality safety.”

Singh has known as for a dedication to halt the enlargement of fossil fuels to be included within the consequence doc of COP27, which is because of finish on Nov. 18 if it isn’t prolonged by sooner or later as is customary at these summits.

On the similar time, he lamented that, due to the affect of the conflict, “we see the fossil gasoline business benefiting from this house to promote itself as sustainable, which is unacceptable.”

Proof of the necessity to seem as a part of the oil sector’s local weather motion is in all places on this gigantic Conference Heart, the place the group International Witness denounced that 636 lobbyists for oil pursuits and firms are registered as individuals.

One of many tons of of organizations with cubicles at Sharm El Sheikh is the OPEC (Group of the Petroleum Exporting International locations) Fund for Worldwide Growth.

“We got here right here to make ourselves seen, as we wish to contribute to creating the vitality transition in all nations inclusive,” Nadia Benamara, Head of Outreach & Multimedia for the Vienna-based Fund, informed IPS.

Benamara stated the Fund pledged 24 billion {dollars} as much as 2030 to finance local weather motion as a result of “oil producing and exporting nations are additionally victims of local weather change and wish to contribute to the answer.”

IPS produced this text with assist from Local weather Change Media Partnership 2022, the Earth Journalism Community, Internews, and the Stanley Heart for Peace and Safety.

© Inter Press Service (2022) — All Rights ReservedUnique supply: Inter Press Service

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<p><a href="https://www.globalissues.org/information/2022/11/16/32432">Will the International Power Disaster Speed up the Power Transition? The Huge Query at COP27</a>, <cite>Inter Press Service</cite>, Wednesday, November 16, 2022 (posted by International Points)</p>

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Will the International Power Disaster Speed up the Power Transition? The Huge Query at COP27, Inter Press Service, Wednesday, November 16, 2022 (posted by International Points)



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