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Opinion / #COP
The war in the Gulf has unleashed powerful market forces that the rest of the world can harness to accelerate electrification and keep the Paris climate agreement's primary objectives on track. Doing so will not only mitigate climate change, but also strengthen economic resilience worldwide.
Although the Tropical Forest Forever Facility (TFFF) that emerged from the last United Nations Climate Conference is unlikely to succeed, critically important global conservation efforts are not doomed.
An advisory opinion from the International Court of Justice last year left no doubt that states have a legal obligation to prevent significant harm to the climate system, and that a failure to do so carries legal consequences. Now, a new United Nations resolution seeks to put this ruling into practice.
Despite political gridlock within countries and at global summits, climate change and ecological degradation are creating undeniable economic momentum. As renewables scale up, fossil fuels will become even less competitive; and as ecosystems degrade, markets will price in the risks and reward those who adapt.
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