The YouTube video's "A COP28 will be able to reverse the largest heatwave in human history?" section discusses the upcoming COP28 conference in Dubai and its challenges. With conflicting interests among countries, particularly regarding fossil fuel production and emissions, negotiations are complex. Activists call for the removal of Sultan al Jaber, the conference president and UAE minister of industry, due to his role in the country's oil industry.
The conference aims to bring together 197 countries, with all agreements made by consensus. Developed countries, like the US and Europe, are significant contributors to the current warming trend, while China is the largest emitter of carbon dioxide. The issue's complexity lies in the economic benefits derived from industries contributing to greenhouse gas emissions and the need for economic growth, which requires some level of emissions. Climate change disproportionately affects the poorest countries.
The Paris Agreement of 2009 saw a commitment to provide $100 billion annually for climate projects in developing countries, but this commitment has not been fully met. Previous agreements, like the Paris Agreement of 2016, have been criticized for their inadequacy. The Global Stocktake, a transparency mechanism, is expected to function as a tool for evaluating each country's progress towards its emissions reduction targets. However, it is widely expected that the results will be disappointing.
In Dubai, details of the Losses and Damages fund, created to protect vulnerable countries from extreme climate events, are set to be announced, with the World Bank to administer it initially. Developed countries, like the US, support this arrangement, while developing nations wanted a more independent fund. Another contentious issue is the proposal to accelerate the energy transition, with some countries advocating for faster reductions in fossil fuel use and others opposing. Scientists emphasize the need for drastic changes to address climate change, including eliminating coal, reducing deforestation, and building public transportation. All countries are behind in their efforts to reduce CO2 emissions. Stay tuned to Vel, the international news network of Germany, for more coverage on this topic.
00:00:00 In this section of the YouTube video titled "A COP28 will be able to reverse the largest heatwave in human history?" the speaker discusses the upcoming COP28 conference and the challenges of reaching an agreement among countries with conflicting interests. The conference will take place in Dubai, raising concerns due to the UAE's status as a major oil producer. Activists have called for the removal of the Sultan al Jaber, the president of the conference and a minister of industry in the UAE, as CEO of the country's state oil company.
The conference aims to bring together delegates from 197 countries, including representatives from NGOs, companies, and other groups. All agreements are made by consensus, making negotiations complex and lengthy. The United States and Europe are considered the largest contributors to the current warming trend, but China is the largest emitter of carbon dioxide. The history of industrial development has relied heavily on fossil fuels, leading to the accumulation of greenhouse gases in the atmosphere.
The speaker highlights the complexity of the issue, as many people have benefited economically from industries and activities that contribute to greenhouse gas emissions. At the same time, there are still billions of people living in poverty and economic growth requires some level of emissions. The speaker emphasizes that climate change is marked by inequalities, with the poorest countries being the most affected by rising temperatures.
The Paris Agreement of 2009 saw developed countries commit to providing $100 billion annually for climate projects in developing countries, but studies show that this commitment has not been fully met. Each conference is met with frustration as the measures taken are insufficient, and the Paris Agreement of 2016, which aimed to limit global temperature rise to 2 degrees Celsius and pursue a 1.5-degree limit, has been criticized for its inadequacy. The Global Stocktake, a tool for evaluating each country's progress towards its individual emissions reduction targets, is expected to function as a transparency mechanism. However, it is widely expected that the results will be disappointing.
00:05:00 In this section of the YouTube video titled "A COP28 será capaz de reverter a maior onda de calor da história da humanidade?", the discussion revolves around the COP (Conference of the Parties) in Dubai and the topic of Losses and Damages. This issue has been a subject of debate since the 1990s, with vulnerable countries seeking financial resources to protect themselves from extreme climate events. In the last COP, an historic agreement was reached for the creation of a Losses and Damages fund, but no consensus was achieved regarding its functioning. Now in Dubai, details of this fund are set to be announced, with the World Bank to administer it during the first few years. This was a victory for developed countries like the US and a loss for developing nations who wanted a more independent fund. Another contentious issue is the proposal to accelerate the energy transition, with some countries advocating for a faster reduction in the use of fossil fuels, while others want elimination. The EU argues that this is the position supported by scientists and that the issue is urgent. However, oil-producing countries like Saudi Arabia and Russia, as well as China with its high emissions, argue that empty slogans and equal solutions for all do not solve the problem. They also claim that developed countries are responsible for climate changes and have the resources to address the issue, while developing countries lack these resources. Scientists remain objective in their message, emphasizing the need for drastic changes, including the elimination of coal seven times faster than current rates, reducing deforestation four times faster, and building public transportation six times faster. All countries are behind in practically all policies to reduce CO2 emissions. Stay tuned to Vel, the international news network of Germany, for more videos on this topic. To subscribe to our YouTube channel, click here.