Hi everyone, welcome back to Net Zero.
This week’s report from the Intergovernmental Panel on Climate Change makes one point clear: The economies of developing countries are already suffering severe impacts from climate change. At the COP27 summit in Egypt last year, countries agreed to address that problem by creating a special fund for “loss and damage.” That’s easier said than done. Right now, the fund is an “empty wallet,” and negotiators told me that getting it filled by COP28 in November won’t be easy.
Also, a text from the front lines of South Africa’s energy transition, and a peek at the most luxurious climate solution to flaunt at dinner parties.
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