December 6, 2023 By Joseph Somsel
Say what you will about the summer climate of Dubai, United Arab Emirates (UAE) (“the heat of Phoenix with the humidity of New Orleans”). The weather on the first public day, December 4th, of COP28 was nearly perfect—light clouds, moderate breeze, and temperatures in the lower 80s. Winters are delightful here. The actual meetings began on November 30, but that was for the “Blue Zone” attendees only—national delegates, UN officials, insider NGOs, and other “stakeholders.” The public attendees were limited to the “Green Zone” only and barred from entering the Blue Zone, where the real action happened, and the serious decisions were being made.........But what is the underlying premise of COP28? What does it hope to achieve other than saving the world?
It appears that the core notion is that
capitalists can no longer be allowed to allocate capital using
capitalist values like risk and reward. No, the United Nations and its
selected NGOs will skew investments in directions that they decide are best for “the planet.”...........The good news was that nuclear power seemed to be
showcased, with the UAE proud of its new four-unit nuclear power plant,
the first in the Middle East and one of the most powerful reactor sites
in the world. The hosts helicoptered dignitaries during the two flight
hours for a tour of the outside of the plant; lesser souls got a
four-hour (one-way) bus tour.................More substantially, 22 countries announced a common goal of tripling global nuclear power output
by 2050..................To Read More...
