Pyongyang threatens to respond to US-South Korea exercises

Pyongyang threatens to respond to US-South Korea exercises
Pyongyang threatens to respond to US-South Korea exercises

Pyongyang threatens to respond to US-South Korea exercises

Over the past three decades, diplomats from around the world have gathered 26 times at an annual conference to plan the fight against climate change.

And on Sunday the latest such gathering in Egypt began. It came in the midst of an active hurricane season, after a record-breaking summer that saw heat waves across the world, a drought in Africa that left 22 million people starving and flooding inundating a third of Pakistan.

Fires have destroyed large parts of the Amazon rainforest

Says a report written by four magazine journalists Foreign Affairs At the conference, people will focus their attention on what is sure to be a grueling process of global diplomacy, with decisions being made by consensus across 197 countries.

The report adds that governments “will bicker over how much wealthier countries should pay to help poorer countries, including how developing countries can be compensated for losses and damage from increasingly severe climate-related disasters.”

They will also “fight about which countries are behind on their commitments and are doing their best to tackle the climate crisis, and there will be endless discussions about the process that will often overshadow the very essence of emissions control and climate impact management.”

Tens of thousands of people in Pakistan have been affected by this year’s floods

second solution

The report says that reducing emissions should not be tied to a global consensus. Many activists and some governments have begun to subscribe to a new theory of climate cooperation that avoids seeking consensus among all countries – the slower solution.

Instead, this new sector-by-sector approach focuses on the technologies, businesses and policies needed to create a cleaner economy.

The report notes that this approach will require, at least initially, collaboration between the most aligned industry leaders, investors, workers and governments to achieve an accelerated transition away from carbon. When green technologies are immature, or for those parts of the world economy that lack experience in implementing deep emission reductions – which is true for most sectors in most parts of the world.

Heads of state and international representatives meet for this year’s climate conference in Sharm El Sheikh, Egypt

The new approach relies on collaboration within small groups of governments and companies to develop and test solutions. As these technologies mature, their cost will decrease and people will become more aware of their effectiveness. Collaboration can then expand as more economies adopt these superior and cleaner technologies.

Designed for resilience, the 2015 Paris climate agreement allowed different countries to take different approaches to reducing emissions.

And over the past year there has been an unprecedented turnout from commercial and financial firms, as well as governments, who are supporting this new theory of change in various ways.

Participants of the climate conference in Sharm El-Sheikh hold a conversation

Thanks in large part to private sector contributions and ancillary businesses – supported by national policies.

The world has accelerated investment in renewable energy generation, increasingly turned to electric cars, invested in carbon capture and storage systems to clean up traditional fossil fuels, and made other changes to create a new, clean economy.

challenges

Central to the new theory of change is the idea that industrial transformation is often risky and fraught with unknowns.

In general, new technologies are expensive to develop and test, requiring highly motivated inventors and entrepreneurs.

The opening session of the climate conference in Sharm El-Sheikh

According to the magazine’s report, policymakers must not only find ways to identify promising new ideas and players, but also create portfolios to diversify investment risks. Dealing with these challenges requires smart industrial policies that vary by industry and need.


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