Summing up the key announcements out of Day 5 at CoP28 - Let's accelerate the Energy Transition, which means: Let's increase renewables, energy efficiency and Hydrogen development even more, and also nuclear. Let's phase down coal, oil, gas and urgently reduce the 'super pollutant' methane.All noble aspirations...A McKinsey Sustainability summary that finishes with advice for Industry Leaders:1. Reduce Scope 1 & 2 emissions2. Measure (fugitive) methane and eliminate it3. Partner across the energy and industrial system to enable faster transition, and4. Identify the new financing opportunities and avoid stranded assets? https://www.mckinsey.com/capabilities/sustainability/our-insights/sustainability-blog/cop28-energy?

Capturing the CoP28 headlines - the debate over whether a “fossil fuel phase out” is actually scientifically called for? A webinar involving Climate Elder Mary Robinson had COP President Al Jabar arguing that there is “no science” that links a fossil fuel phase out to maintaining 1.5 degrees. But, he later reinforced that he believes “the phase-down and the phase-out of fossil fuel is inevitable.”https://www.theguardian.com/environment/2023/dec/03/back-into-caves-cop28-president-dismisses-phase-out-of-fossil-fuelsThe IPCC scenarios call for a full phase out of unabated coal, and a decrease in Oil by 60% and Gas by 45% by 2050.Read about what's possible:  

CoP28 outcomes will depend on key people - climate champions like John Kerry for the USA & Xie Zhenhua for China, for instance. Together, they vowed to “triple renewable energy capacity globally by 2030” prior to the Conference:https://www.theguardian.com/environment/2023/nov/15/us-china-climate-plan-analysisFor Brazil, it is their new President Lula da Silva (in frame above) who wants to lead the world with a climate agenda as central to government policy. And we hear that the Amazonian deforestation is reportedly slowing. But he is still encouraging Brazil's oil and gas industries to expand: