Climate- and nature-related risk management @ KPMG | Sustainable finance & economics geek | Nature tech enthusiast
After another failure at #COP29, I think it’s obvious that we need to redesign the COP's governance. This starts with the host country selection process. What’s the issue? Despite enormous urgency to mitigate the worst effects of climate change, COP29 was overshadowed by controversy, including host country Azerbaijan's use of the platform to promote new gas and oil deals. ARD titles harshly: “Not just failure, but fraud.” https://lnkd.in/dShQpDaY Unfortunately, this has been the rule, not the exception, since many years. So, what to do about that? I think, first of all, we need to change how host countries are selected. Petro states, for example, should simply not be hosts. Not because they shouldn’t have a seat at the table (they must!) but because they have a conflict of interest that regularly captures the COP. For this, the UNFCCC would have to adjust the host country application and selection process. Thinking more radical: What if host countries would always be those most affected by climate change? They would have a natural incentive to get the most meaningful agreements and action out of every COP and to design it accordingly.
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4moI like this suggestion Hannes Matt. Do you know how countries are selected now?