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Ian Bremmer takes a look at the week's top stories in geopolitics.

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COP28 climate talks complicated by UAE oil deals

Ian Bremmer shares his insights on global politics this week on World In :60.

Will the UAE’s pursuit of oil deals during COP28 undermine the summit's climate goals?

Well, it certainly doesn't make it any easier. I mean, this is the time when the world comes together and tries to reduce the level of carbon in the atmosphere, and the fact that it's being hosted by one of the world's largest oil producers and by the chairman, the CEO of one of the world's largest oil companies, who also is driving his country's sustainability goals. Well, I mean, I guess you can say he's hedged. You can definitely say that but you can also say it's challenging and problematic. Look, there was a chance that COP was going to fall apart completely and you were just going to have fragmented bilateral deals. The Chinese, for example, get much more influence giving out money directly in return for things with countries than being a part of a multilateral group. Having said that, US and China recently have come together on climate in advance, specifically of COP28, and there is more movement on methane emissions from the two largest emitters in the world. There's more movement on carbon capture and storage than we've seen before. Look, I'm glad the meetings happened. It is happening. It's going to be more successful than it not showing up. But there are big challenges and you're going to hear those frustrations loudly from the developing world who are taking climate on the chin.

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