Advertisement

Macroscope | Cop28: how to fight climate change when we don’t even have a commander?

  • Global warming cannot be met by anything other than a coordinated global response, but logic stands little chance against politics and nationalism, as seen at Cop28
  • We are entering an existential battle against climate change with no clear idea of how much it’s going to cost, who’s going to pay and who’s in charge

Reading Time:4 minutes
Why you can trust SCMP
1
An anti-fossil fuel activist dressed as a dugong at Cop28 in Dubai on December 3. Most people agree that coal and oil-fired electric power plants will need to be phased down or phased out, but who is going to pay for that is less clear. Photo; AP
Whether we care about the battle against climate change, we are all going to have to help pay for it – either directly through higher taxes or indirectly through having part of our savings and investment diverted to the fight.

As things are, we pay taxes and then assume we’ve done our bit in battling global warming but much of the money we invest (or which is invested on our behalf) in stock markets will also need to be diverted to the fight.

This is one of the two inconvenient truths that need to be factored into the debate about climate change for it to become serious. The other is that nations need to sacrifice some sovereignty to achieve a climate rescue.

Advertisement

How can a universal challenge such as global warming possibly be met by anything other than a coordinated global response? The logical answer is that it can’t, but logic stands little chance against politics and nationalism.

Unfortunately, such critical factors were largely ignored or obscured in the torrent of words and reports flowing from the Cop28 United Nations climate change meeting in Dubai, which has had more of a commercial than conference-like atmosphere.
Advertisement

It would be comical, were it not potentially tragic, that we are entering an existential battle – that’s not too strong a term – against climate change with no clear idea of how much it’s going to cost, who’s going to pay and who’s in charge.

Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x