After weeks of wrangling and going two days over time, COP27 agreed what’s been called a “historic” loss and damage fund to compensate developing countries from climate change harm. Environmentalists are disappointed that the details, such as which countries will pay and how much, have been deferred to COP28. In addition, there was no agreement on either “phasing out” or “phasing down” fossil fuel usage, which would address the causes of climate change.
Today’s panelists feature Lee Hong-yuan, Former Minister of the Interior, National Taiwan University Professor of Hydraulic Engineering, and an expert in Environmental Disasters and Disaster Prevention. We also have Attorney Helen Hai-ning Huang of Lee and Li Senior Associate, who practices in Corporate and Investment and Energy Law.
Our political editor Rath Wang also speaks to Taiwan Disaster Industry Association President WeatherRisk Explore Founder & CEO who was fresh back from Egypt, with a first-hand account of the negotiations at COP27.
Topics discussed:
- How the loss and damage fund may be calculated
- The effects of the war in Ukraine on energy usage
- How well China is performing to meet its targets
- What criteria are used to class China as a developing country
- What risks are presented by not penalizing China for its emissions
- Whether Joe Biden’s goal to return to climate change leadership is realistic
- Taiwan’s ranking in Germanwatch 2023
- Taiwan’s leadership role in offshore wind generation
- Greenpeace Taiwan’s estimates of 17% of Taipei sinking should there be a 1-in-10-year flood by 2030
- How “Taiwan Can Help” when it comes to floods, earthquakes and other disasters
23:17
26:02
26:46
26:46
47:46
47:46
47:46
47:46
47:34
47:45
28:59
05:26
47:45
06:19
05:39
05:16