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<p id="1">It was billed as &ldquo;Implementation COP&rdquo;, pinning down the emission cuts needed to meet the grand Paris Agreement goal of limiting this century&rsquo;s temperature rise to 1.5&deg;C above preindustrial levels. Instead, a draft of the COP27 cover decision text released yesterday very much proves the sceptics right. Of doubters, there is no shortage. Not all of them are quite as unbelieving as young Greta Thunberg, who has deplored the summit as just another opportunity for the powerful to continue &ldquo;greenwashing, lying and cheating&rdquo;. But the frustration with how little 27 years of UN climate summits have achieved is widespread. The thing is that the job needs a global forum, and this is the only one we have.</p>
<p id="2">So, what are the specific disappointments from yesterday? And how can everyone keep moving&nbsp;forward nonetheless? The loudest disappointments relate to the absences of 1) any movement towards phasing down all fossil fuels as called for by India; and 2) any details on a loss and&nbsp;damage fund for the most climate-vulnerable countries. Of course, the text will undergo changes before the summit concludes. But any hopes of a Montreal Protocol level of success, with over 99% of ozone-depleting substances&nbsp;phased out, are now dust.</p>
<p>Meanwhile, the Ukraine war has been &ldquo;steroid for&nbsp;nuclear&rdquo; from Europe to Africa. India is already advancing well towards targets such as meeting 50% of all power requirements from renewables by 2030. But it should be even more ambitious. There is now a significant market for India-made small modular reactors if India makes them. Worldwide, technological innovation and adoption have to make up for COP&rsquo;s failures. Decarbonisation through green hydrogen and carbon capture are two of the most critical next steps.</p>
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COP Out. Tech In

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