The Sorensen Monologues

Signs the Climate Conference is Falling Short

The Cop27 climate summit happening now in Egypt has been somewhat overshadowed by US election news, but it is no less important. I was struck by the statistic that global subsidies for fossil fuel production totaled $400 billion in 2019, and according to this Guardian report, these subsidies shot up to $700 billion in 2021 as governments tried help their economies rebound from the pandemic. Meanwhile, wealthier nations have failed to honor an agreement from Cop15 in 2009 (!) to provide a fraction of this — $100 billion — in aid to poorer nations ravaged by climate crises. 

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