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Kerry Schott

COP28 puts the heat on energy transition

The conference’s proposed measures could put the world back on course in its climate change response. What we need to see now is action from leaders in politics and business.

Kerry SchottFormer energy regulator

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Unlike the decisions of previous climate conferences, the COP28 final text explicitly urges countries to make sure their next international pledges for 2035 – which nations are expected to reveal by early 2025 – are aligned with 1.5 degrees, “as informed by the latest science”.

If that call is honoured, it would represent an important ratchet upwards in ambition for many countries, including Australia, which would need at least 70 per cent reductions by 2035.

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Kerry Schott is chair of the Carbon Market Institute.

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    Original URL: https://www.afr.com/policy/energy-and-climate/cop28-puts-the-heat-on-energy-transition-20231212-p5equ7