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Opinion / #UNFCCC
Since the first Industrial Revolution, goods and technologies have reached the farthest corners of the world, but the ability to design, build, market, and extract value from them has remained highly concentrated. Unless humanity can break this pattern, a sufficient response to climate change will remain out of reach.
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.
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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Partnerships with China, not protectionism, will determine affordable, interoperable and equitable global decarbonisation and energy security.
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