Thread by @dhanasreej

Here is my take on #COP27 outcome(s) on #climate #mitigation based mostly on fieldnotes from COP, focussing on #FossilFuels, #JustTransition & #equity/ambition dichotomy.@TheIndiaForum @girmanipal @CentreMarcBloch @FU_Berlin @NavrozDubash @ClimateDiplo 1/8
theindiaforum.in/climate-change…

I argue, "Despite alarming evidence about the pace of cc, #COP27 failed to raise mitigation ambition. While the 1.5°C limit was salvaged in the end, the lack of consensus on fossil fuel phase-down/phase-out scuttled the possibility of meaningful action in the coming years." 2/8

Not only are #industrialized countries' mitigation commitments grossly insufficient to meet the 1.5°C limit, their efforts to sidestep their pre-2020 commitments, Paris decisions & delink developing countries' mitigation efforts from #climatefinance dilute #equity. 3/8

The short-term projections for #oil and #gas expansion in many parts of the world also expose the reality that the momentum towards #fossilfuel phaseout is minimal. Ironically, the #COP27 platform itself was used by many countries to discuss/ink gas deals on the side-lines. 4/8

#Pandemic recovery efforts & #RussiaUkraineCrisis have had knock-on effects on energy security not just in #Europe but in the #globalsouth too. This could push many developing countries into deeper into fossil fuel dependency (eg: expanding #coal, exploring #gas in #Africa) 5/8

References to "low-emission and #renewableenergy", which widens the scope of what can be considered pro-mitigation, possibly involving gas & even #NuclearEnergy as these are considered low-emission and #cleanenergy respectively - marking a shift in terms of nuclear specially. 6/8

While Just Energy Transition Partnerships have the potential to propel #energytransition in #developing economies, questions about the scope, scale, source & nature of #finance remain. Different countries have different priorities & expectations (eg: #grants vs. #loans) 7/8

Long-term #NetZero goals were not backed by ambitious short-term action plans on #mitigation and #finance. Increased focus on #coal & diversification of gas deals in #Europe, #oil & #gas expansion in the #US, #coal & #gas expansion in #Africa/#Asia don't exude optimism 8/8