COP28

• Learn more at www.ceraweek.com
  HOUSTON, Feb. 26, 2024 /PRNewswire/ -- The 42nd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 18-22 in Houston.
• "The increasing focus on energy transition following COP28 coincides with a growing realization of just how complex the road ahead will be," said Yergin.
• Meeting those challenges, and realizing the promise, of the new energy future will be the focus of the world's energy leaders at CERAWeek 2024 in Houston."
• The CERAWeek 2024 conference program will explore key themes related to:
  Energy Markets – How will supply and demand balance in a world of uncertainty?

• Elon Musk's video promoting the notion of a carbon tax as a means to mitigate climate change is a ''failure'' says Friends of Science Society, referring to Canada's disastrous experience with carbon tax and inflation.
• CALGARY, Alberta, Feb. 22, 2024 /PRNewswire-PRWeb/ -- " Elon Musk's Unbelievably Simple Killer Break Down on Climate Change " - a video released on Feb. 03, 2024, which promotes a carbon tax, is a failure, says Friends of Science Society.
• Numerous academics and economists back the carbon tax as 'the solution' to climate change, but Friends of Science Society calls this " CarbonTax – a-philia : Unnatural Love of Carbon Taxes for No Reason."
• Friends of Science Society says Canada's experience with carbon tax and rebate shows the method fails to reduce emissions while simultaneously driving up inflation.

• Speaking at the Paris Headquarters of the International Energy Agency (IEA), COP28 President Dr. Sultan Al Jaber highlighted the historic significance of the UAE Consensus.
• The COP28 President said that "All Parties who signed the UAE Consensus must work on enhancing their Nationally Determined Contributions ahead of the next cycle in 2025.
• It will lock in continuity, maintain momentum, and help anchor implementation of the historic UAE Consensus", Dr. Al Jaber said.
• An important opportunity lies in working multilaterally on commitments to deliver high-ambition decisions at COP28, including through The UAE Consensus.

• Halting overfishing is itself effective climate action.
• The intricate relationship between climate change and ocean ecosystems was the subject of recent collaborative research — led by researchers at the University of British Columbia — that highlighted the crucial links between overfishing and climate change.

Finding the connections

• Doing so would bolster marine life resilience in the face of climate shifts and reduce associate carbon emissions.
• 2 — Large subsidized fishing boat fleets can actually be a burden on small-scale fisheries, leaving them disproportionately vulnerable to shocks.
• In turn, overfishing not only depletes resources but also escalates carbon emissions, intensifying climate impacts on these fisheries and their communities, particularly women.
• Read more:
  Flipping Indigenous regional development in Newfoundland upside-down: lessons from Australia

  6 — Overfishing exacerbates climate and biodiversity threats.

• 7 — International fisheries management must play a central role in promoting biodiversity and retaining the ocean’s carbon sequestration potential.
• While 87 nations have signed the UN’s Biodiversity of Areas Beyond National Jurisdiction Treaty (also known as the High Seas Treaty), only one has ratified it.
• Future regulations should allocate a percentage of the annual fish quota to maintain the carbon sequestration function of marine animals.

A simple goal

• Ending overfishing isn’t just an ecological imperative but a linchpin for climate action.
• Furthermore, fisheries aren’t mere victims in these dynamics, but have real agency to play a pivotal role in either exacerbating or mitigating climate change.
• Regulation of fisheries, while controversial, is essential to not overly exploit such a valuable public resource.

Rashid Sumaila receives funding from Canadian Research Councils, the Belmont, intergovernmental organizations, e.g. the World Bank, foundations and philanthropies (e.g. Pew, Oceana and the Dona Bertarelli).