A new economic superpower could spark a global retreat from fossil fuels | Mark Hertsgaard and Kyle Pope
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A new economic superpower could spark a global retreat from fossil fuels | Mark Hertsgaard and Kyle Pope
"The war's disruptions of oil, gas, fertilizer and other shipments is another reminder of the risks inherent in basing the world economy on fossil fuels."
"At the UN Cop30 climate summit last November, Saudi Arabia led a group of petrostates in vetoing calls to develop a roadmap to phase out fossil fuels globally."
"The First International Conference on the Just Transition Away from Fossil Fuels will not be governed by UN rules, which require consensus, but by majority rule."
"The underlying terrain of this conference will no longer be principally politics, but economics: not the words that canny negotiators can keep in or out of a diplomatic text."
The Iran war significantly impacts climate change by disrupting fossil fuel shipments and increasing greenhouse gas emissions. This situation underscores the dangers of a fossil fuel-dependent global economy. Despite resistance from petrostate leaders, a hopeful development is emerging. A conference in Colombia aims to initiate a global transition away from fossil fuels, operating under majority rule rather than consensus. This shift focuses on economic realities rather than political negotiations, potentially leading to significant changes in the energy landscape.
Read at www.theguardian.com
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