Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Climate

COP28 So Far: A Cheat Sheet

Halfway through the year’s marquee climate conference, here’s where things stand.

•
COP28 elements.
Heatmap Illustration/Getty Images

It’s a “rest day” at COP28, which means there probably won’t be a ton of news coming out of Dubai as delegates take a breather before the climate talks shift into high gear tomorrow. That makes now a good time to reflect on what’s happened so far and what to expect as the conference enters its second half.

Some key accomplishments:

  • The loss and damage fund: On day one of the conference, world leaders reached a landmark deal to help vulnerable nations deal with the costly effects of climate change. The early accomplishment set an optimistic tone for the summit — although The Guardian notes that wealthy countries have so far pledged $700 million to the fund, “far short of what is needed.” In total, countries have announced $57 billion of various funding pledges at the conference.
  • Methane cuts: About 50 oil and gas companies pledged to slash their methane leaks by 2030. Critics cry greenwashing, but as Heatmap’s Emily Pontecorvo points out, recent technological advances in methane monitoring – including satellites, drones, and handheld detectors – could help in the international effort to hold these companies accountable. A planned $40 million infusion from billionaire philanthropist Michael Bloomberg will bolster the cause, too.
  • A renewables pledge: At least 120 countries backed a pledge to triple global renewable energy capacity by 2030. That goal made it into an early draft of the global stocktake report, the summit’s final deliverable, but that’s no guarantee it will be formally adopted.
  • A nuclear energy declaration: More than 20 countries including the U.S., Canada, the UK, and the United Arab Emirates, pledged to triple global nuclear energy capacity by 2050.
  • Growing support for a fossil phase-out: The number of countries pledging to voluntarily end oil and gas extraction and exploration grew to 24 when Spain, Kenya, and Samoa joined the Beyond Oil & Gas Alliance
  • A global cooling pledge: More than 60 countries pledged to reduce their cooling-related emissions by at least 68% by 2050.

Still to come:

  • Phase out or phase down?: The global stocktake will be the main focus heading into the second week of COP28. This key document will set out the world’s climate goals for the coming years, and help determine how they’ll be accomplished. The most contentious issue is whether to include a call for a phase out of fossil fuels. A new draft of the global stocktake is expected tomorrow.
  • What comes after $100 billion?: Ministers will also need to lay the groundwork for new climate financing targets for poorer countries. Rich nations recently (and belatedly) hit their goal of providing $100 billion annually for poorer countries, a pledge set out in 2009. But finance efforts don’t end there, explains the World Resources Institute. Next year’s COP will call for setting a new “collective quantified goal” that uses the existing $100 billion target as a jumping off point but will likely balloon to be much bigger. Delegates in Dubai will try to come to some consensus on what to prioritize when negotiations start at COP29.

“We had a pretty damn good week here in Dubai already,” U.S. Special Envoy John Kerry told the AP. But underlying it all is the reality that the event is being held in one of the world’s biggest petrostates, fossil fuel lobbyists are out in force, and the summit’s president, Sultan Al-Jaber, has been openly skeptical about the science connecting fossil fuel caps to taming global temperatures.

“I’m not telling you that everybody’s going to come kumbaya to the table,” Kerry added, “but I am telling you we’re going to make our best effort to get the best agreement we can to move as far as we can as fast as we can. That’s what people in the world want us to do. It’s time for adults to behave like adults and get the job done.”

The summit is set to end on December 12, but previous COPs have run into overtime.

Yellow

You’re out of free articles.

Subscribe to access Heatmap’s expert analysis of energy, climate change, and sustainability, including coverage of our regular survey research. Save $57 on an annual subscription, just $156 $99/year.
To continue reading
Create a free account or sign in to unlock more free articles.
or
Please enter an email address
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
Daily Briefing

Prior Straits

Oil flows through the Strait of Hormuz, a critical waterway, seem to be returning to normal.

The Strait of Hormuz.
Heatmap Illustration/Getty Images

This is Heatmap Daily, a weekday news digest written by our executive editor. Sign up to receive it.

For the first decade of my professional career, the U.S. economy was defined largely by its deficiencies. Employment lagged for years after the Great Recession, especially for non-college-educated men in their prime earning years. Money was free or cheap to borrow. Even after the housing market had recovered, economic activity remained moribund.

Keep reading...Show less
Blue
Energy

Which AI Models Use the Most Energy?

A new dashboard from the Sustainable AI Group, founded by artificial intelligence alums, estimates the relative energy intensity of proprietary tools.

A Claude Pac-Man.
Heatmap Illustration/Getty Images

The rise of artificial intelligence is driving an historic surge in electricity demand that’s boosting fossil fuel use and threatening climate progress. All this electricity doesn’t power AI in some generalized, always-on way, though. Data centers’ energy consumption is a function of the millions of individual queries users submit to AI programs such as Claude and ChatGPT.

When it comes to how efficiently models process those queries and generate responses, AI models are not interchangeable. Some are more like gas guzzlers, others more like Priuses. When a user engages an AI chatbot or AI agent, however, there’s essentially no way for them to know which kind of vehicle they are stepping into. They may know which company built it, and even the precise model name and number, but no AI company has published information about how much energy one model uses compared to another.

Keep reading...Show less
Yellow
AM Briefing

Clinching Deals

On solar pivots, NYPA solar, and a receding Rhine

The Clinch River nuclear site.
Heatmap Illustration/Tennessee Valley Authority

Current conditions: Last weekend’s nor’easter caused up to $13 billion in damages across the Mid-Atlantic and Northeast regions of the United States • Hurricane Nolo shut down a major highway on Hawaii’s Big Island • A heat dome forming over eastern Africa is driving temperatures in Juba, the impoverished capital of South Sudan, past 100 degrees Fahrenheit.


THE TOP FIVE

1. The Senate reaches a permitting deal

At last, right after hopes dimmed, we have a deal. Senate negotiators reached a bipartisan agreement on a package of federal permitting reforms, locking in what Politico described as “the contours of long-sought legislation to speed up approvals for new energy projects in the U.S.” Democratic negotiators Senators Martin Heinrich of New Mexico and Sheldon Whitehouse of Rhode Island told the news outlet they were withholding endorsements of a final deal as “the last five yards” of the agreement are hammered out. Whitehouse cautioned that he needed “more clarity from the Trump administration” on what their easing of the blockade on wind and solar approvals would mean. Neither Democrats nor Republicans released text of the bill, which both parties said should come out this week.

Keep reading...Show less
Green