Sign up today to get the best of our expert insight in your inbox.
COP28: Delivering on the promise of climate finance – at last | Podcast
The insight and debate from the Climate Co-Lab event at COP28
Ed Crooks
Vice-Chair, Americas
![](https://www.woodmac.com/siteassets/photography---our-people/ed_crooks_web.jpg?w=600&h=360&mode=crop¢er=0.5,0.5)
Ed Crooks
Vice-Chair, Americas
Ed examines the forces shaping the energy industry globally
Latest articles by Ed
-
Opinion
How global trade can help build the clean energy economy
-
Opinion
Biden exit shakes up US presidential race
-
The Edge
Is it time for a global climate bank?
-
Opinion
Are low profits to blame for the energy transition lagging?
-
Opinion
Day 3: How can we finance the energy transition? Discussions from the final day of the Reuters Global Energy Transition Conference 2024
-
Opinion
Day 2: The Energy Gang at The Reuters Global Energy Transition Conference 2024
In 2009, developed countries jointly pledged to mobilise US$100bn per annum to support climate action in developing countries. This target has never been met and the pledge will expire in 2025. It is estimated that approximately US$5 trillion is required annually, just to avoid the worst impacts of climate change.
The New Collective Quantified Goal (NCQG) intended to replace this pledge, is currently under negotiation, due to be finalised by the end of 2024. A successful agreement will unlock the finance needed for mitigation, adaption and loss and damage funds.
The Climate Co-Lab event, at the Heriot-Watt campus and in collaboration with Wood Mackenzie and Edinburgh Science, was hosted by Ed Crooks on day 5 of COP28. Joining him to explore these themes and more were:
- Patricia Espinosa Cantellano, Former UNFCCC Executive Secretary, Former Minister of Foreign Affairs of Mexico, Ambassador Emeritus of Mexico, and CEO and Founding Partner of onepoint5.
- Mohamed Sultan, Regional Lead Africa, Global Methane Hub
- Nigel Topping CMG, UN Climate Change High-Level Champion at COP26, Member UK CCC, NED at UKIB
Together they explore what fundamental changes in global systems need to occur to scale and deliver on decarbonisation.
Subscribe to the show on your podcast platform of choice so you don’t miss any of these special episodes coming live from COP28, and join the conversation on social media: we’re @theenergygang.