COP28

Climate disasters are now costing the United States US$150 billion per year, and the economic harm is rising. The real estate market has been disrupted as home insurance rates skyrocket along with rising wildfire and flood risks in the warming climate. Food prices have gone up with disruptions in agriculture. Health care costs have increased as heat takes a toll. Marginalized and already vulnerable communities that are least financially equipped to recover are being hit the hardest. Despite this growing source of economic volatility, the Federal Reserve – the U.S. central bank that is charged with maintaining economic stability – is not considering the instability of climate change in its monetary policy. Earlier this year, Fed Chair Jerome Powell declared unequivocally: “We are not, and we will not become, a climate policymaker.” Powell’s rationale is that to maintain the Fed’s independence from politics and political cycles, it should use...

Global heat has seared to new extremes in recent months, and devastating climate disasters are providing powerful reminders of the costs of climate change, as governments around the world prepare for the 2023 United Nations climate summit that starts on Nov. 30. While a small window of hope remains for meeting the goals of the 2015 Paris climate agreement, the world’s greenhouse gas emissions continue to rise. This year’s climate summit, COP28, needs to be transformative. What will it take to harness a spirit of international cooperation in today’s complex, divisive and volatile world abounding in self-interest? As a former senior U.N. official, I worked for years in multilateral consensus building among often hugely divergent parties. Here are some of the challenges and negotiating techniques I expect to see as representatives from countries around the world come together in Dubai. The challenge of national self-interest To slow climate change, the world m...

When this year’s United Nations Climate Change Conference begins in late November 2023, it will be a moment for course correction. Seven years ago, nearly every country worldwide signed onto the Paris climate agreement. They agreed to goals of limiting global warming – including key targets to be met by 2030, seven years from now. A primary aim of this year’s conference, known as COP28, is to evaluate countries’ progress halfway to the 2030 deadlines. Reports show that the world isn’t on track. At the same time, energy security concerns and disputes over how to compensate countries for loss and damage from climate change are making agreements on cutting emissions tougher to reach. But as energy and environmental policy researchers, we also see signs of progress. Global stocktake raises alarms A cornerstone of COP28 is the conclusion of the global stocktake, a review underway of the world’s efforts to address climate change. It is designed...

Climate change is threatening the survival of plants and animals around the globe as temperatures rise and habitats change. Some species have been able to meet the challenge with rapid evolutionary adaptation and other changes in behavior or physiology. Dark-colored dragonflies are getting paler in order to reduce the amount of heat they absorb from the sun. Mustard plants are flowering earlier to take advantage of earlier snowmelt. Lizards are becoming more cold-tolerant to handle the extreme variability of our new climate. However, scientific studies show that climate change is occurring much faster than species are changing. Zebrafish have evolved to thrive in water a degree or so warmer than normal, but they struggle to survive at higher temperatures. isoft/E+ Getty Images What is evolutionary adaptation? The word “adaptation” is used in many ways by climate scientists, but it has a...

In December 2023, negotiators from countries worldwide will meet in the United Arab Emirates for the next round of international climate talks. While the talks are considered essential to securing global agreements needed to avoid dangerous climate change, confidence in the summit, known as COP28, is at a low. One reason is the man in charge. The UAE set off a firestorm in January 2023 when it announced that Sultan Ahmed al-Jaber, the CEO of the state-owned Abu Dhabi National Oil Company – also known as ADNOC – would be the president-designate of the climate summit, giving him a large amount of control over the meeting’s agenda. U.S. and European politicians demanded al-Jaber’s resignation. Former U.S. Vice President Al Gore claimed that fossil fuel interests had “captured the U.N. process to a disturbing degree, even putting the CEO of one of the largest oil companies in the world in as president of COP28.”...