Stuart Varney reacts to oil executive’s comments at COP28
Varney & Co. host Stuart Varney reacts to oil executive Sultan Al Jaber saying there is no science behind phasing out fossil fuels to limit global warming, as reported by Reuters.
This comes after U.S. Special Envoy for Climate John Kerry pledged to close down all United States coal power plants and slash the nation’s emissions from cooling-related products at the COP28 climate change summit.
Kerry made his latest announcement at the annual United Nations climate change summit, where the U.S. allied with more than 60 other nations in joining the Global Cooling Pledge, committing countries to reduce their cooling-related emissions by at least 68% by 2050 compared to 2022 levels.
The pledge targets emissions from cooling-related appliances such as air conditioning units and refrigerators, aiming to increase access to sustainable cooling, according to Kerry.
Emissions from the refrigerants and the energy used in cooling currently account for about 7% of global greenhouse gas emissions and are expected to triple by 2050, as temperatures continue to rise, says the Clean Cooling Collaborative non-profit group.
The U.S. has committed to reduce emissions from units to tackle climate change, with Kerry also announcing a joint commitment with Romania to triple nuclear energy and reduce methane emissions to achieve Net Zero, which means cutting greenhouse gas emissions to as close to zero as possible.
However, skeptics point to natural forces like the sun as the main driving forces behind climate change and argue that the drastic and urgent action required to reduce emissions is harming people.
Jason Isaac, founder of the American Energy Institute, said that the Biden administration’s green agenda has already driven up prices and increased energy poverty in the U.S, resulting in millions of people having their utilities disconnected last year due to increasing costs.
The debate around climate change and the measures needed to address it continue to be a topic of contention, with diverse voices sharing their perspectives at events like COP28.