Climate Politics
Global Climate Summit Is Heading for a Geopolitical Hurricane
The energy crunch intensified by Russia’s invasion of Ukraine has set the stage for backsliding.
Illustration: Ramon Keimig for Bloomberg Green
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The last time world leaders got together for a climate summit, the backdrop was thoroughly menacing. A pandemic had decimated national budgets. Poor countries were up in arms over the hoarding of Covid-19 vaccines by the same wealthy nations whose fossil fuel consumption did most to warm the planet. Relations between the two largest emitters, the US and China, had devolved into zero sum skirmishes over everything from trade to Taiwan.
Those were the good old days.