Who’s hot at COP

Presented by S&P GLOBAL COMMODITY INSIGHTS: Your VIP pass to the world’s most influential gatherings.
Dec 07, 2023 View in browser
 
Global Playbook/COP28 header logo

By Suzanne Lynch

Presented by

S&P GLOBAL COMMODITY INSIGHTS

GOOD MORNING and welcome back to Global Playbook, coming to you from sunny Dubai, where COP28 climate talks are back in full swing after Thursday’s “day of rest.” This is Suzanne Lynch, hoping you’re feeling suitably reenergized and ready to go. First, here’s what you may have missed while you were at the beach …

ICYMI 1 — U.S. BACKS A PHASE-OUT: John Kerry, in a press conference Wednesday, gave the clearest signal yet that the U.S. supported phasing out fossil fuels. “You’ve got to have largely a phase out of fossil fuels in our energy system” to limit global warming to 1.5 degrees Celsius above pre-industrial levels, Washington’s climate envoy said. Though he added the caveat that we also need to focus on carbon capture technologies in hard-to-abate sectors like steel and cement. It chimes with Kerry’s call for no more “business as usual” in an interview with POLITICO’s Power Play podcast.

ICYMI 2 — REPARATIONS PITCH: Barbados’ Prime Minister Mia Mottley led the push for a new loss and damage fund last year at COP27 in Sharm El-Sheikh. This year, she’s seeking funds of a different kind: Mottley called for the U.K. to cough up $4.9 trillion in reparations during a visit to London, where she met King Charles. (Side note: Mottley wasn’t the only attendee to take the opportunity to tack on a visit to other countries to their COP trips: Here’s former U.S. Vice President Al Gore in Dublin.)

COP’S TOP TROLL: Vladimir Putin didn’t drop in to the climate talks Wednesday. No, while everyone else was trying to rescue the world from climate catastrophe, the Russian leader was negotiating oil exports down the road, reports the POLITICO team.

A message from S&P GLOBAL COMMODITY INSIGHTS:

To achieve your carbon goals, you need a carbon registry you can rely on. Our industry-leading Carbon Registry Software is the choice of over 30 global registries. Together, we’re making the carbon market transparent and secure. Choose essential Carbon Registry Software.

 

How to make an accused war criminal feel welcome? With a a 21-gun salute and a flypast trailing the white, blue and red of the Russian flag, naturally. See the UAE’s charm offensive (or is it offensive charm?) for yourself.

WHERE TO NEXT? The location of this year’s climate summit has been contentious, given the UAE’s fossil fuel interests. Next year may be no different: Another oil-rich state just got a major boost in its bid to host COP29, a question that has been stuck in limbo because of Russia.

The COP political football: Though the next conference is meant to take place in Eastern Europe, Russia has prevented any EU country from hosting, claiming none would be “impartial,” as Zia Weise reported. Azerbaijan and Armenia have both stepped in to offer hosting — but until now, the frequently warring countries have been blocking each other.

You scratch my back: In a surprising reversal, Armenia announced it would back Azerbaijan’s candidacy and withdraw its own. And in a “sign of good gesture,” Azerbaijan will support the Armenian bid for Eastern European Group COP Bureau membership. More on that here from Corbin Hiar.

But that’s not all: Reuters reports that Moldova has raised its hand to take over the COP presidency from the UAE, but said it would not host the enormous event, while Serbia is also interested in hosting and running COP29. It seems everyone wants a piece of COP action.

WHO’S HOT AT COP

ENERGY MINISTERS FLY IN: Most climate ministers are now in Dubai with the aim of getting a final COP28 agreement over the line. Here’s Playbook’s guide to the key players to watch over the coming days, courtesy of POLITICO’s ace team of climate and energy reporters Sara Schonhardt, Karl Mathiesen, Zack Colman and Zia Weise — all on the ground here at COP.

Sultan Ahmed al-Jaber, COP president: Turns out choosing the head of an oil company to run U.N. climate talks was … errr … controversial. Who’d have thought? Even before the proceedings began, al-Jaber was engulfed in controversy after reports the UAE had sought to strike oil and gas deals during COP. A video then emerged of him mansplaining climate change to former Irish President Mary Robinson.

Nonetheless, those who work with him praise al-Jaber’s negotiating skills and ability to bring business on board, citing last Saturday’s announcement by several major oil and gas companies of plans to reduce methane leaks by 2030 as an example.

Simon Stiell, UN climate chief: A former small-island champion from Grenada, Stiell’s appointment last year to head the U.N.’s team was a surprise — but welcomed by climate negotiators. Recently, he’s been a visible presence by al-Jaber’s side at press conferences. Stiell’s conundrum: Trying to balance the competing interests of nearly 200 nations, including host state UAE.

Xie Zhenhua, China’s climate envoy: Chinese leader Xi Jinping may have opted not to attend COP28, but his climate envoy, Xie Zhenhua, is a formidable player behind the scenes. Xie is a diplomatic veteran approaching his swan song at COP28 (he’s expected to stand down after the summit). The world can’t slow climate change without Beijing — and Xie knows it.

China’s commitments — struck last month during talks with the U.S. — to reduce emissions from its power sector this decade and to curb all greenhouse gases (not just carbon dioxide) is viewed as a good start by climate campaigners. But Xie’s clear past statement that a fossil fuel “phase-out” is “unrealistic” seems to have hurt the chances of that phrase making it into the final agreement.

Pedro Luis Pedroso Cuesta, chair of the G77 + China: Cuba currently holds the presidency of the so-called Group of 77 + China — the biggest negotiating bloc at COP. That gives Havana’s special representative for the presidency a key coordinating role. Pedroso, a veteran diplomat, needs to navigate a huge grouping (which now includes 134 countries) with a wide range of priorities and viewpoints — and there are smaller negotiating blocs within it. But on some core issues, particularly around climate finance, it stands broadly united.

Wopke Hoekstra, European commissioner for climate action: A newbie to the climate world, the EU’s new climate action boss is in Dubai after just two months on the job. The Dutchman stepped into the shoes of his compatriot Frans Timmermans, who left Brussels to return to domestic politics. Hoekstra, a former Shell employee and conservative finance minister, has no experience in climate diplomacy, and has faced hostility from green campaigners and left-wing politicians since taking office, despite pushing for a tough line on fossil fuels.

Teresa Ribera, minister for the ecological transition of Spain: Ribera, who also serves as deputy prime minister, has a key role at the talks because Spain currently holds the rotating presidency of the Council of the European Union. Together with Hoekstra, Ribera represents the views of the 27 member countries of the EU — a formidable body at the climate talks.

SKILLS DAY

JOBS IN FOCUS: Today’s thematic focus at COP28 is skills (as well as education and youth). To set the scene, Playbook sat down with a company that knows a thing or two about the job market: LinkedIn. “If we’re going to get to net zero, we need people to drive the transition,” said Sue Duke, head of global public policy at the business-focused social media platform. “We’ve got to equip people with the skills, knowledge and expertise they need to drive this transition.”

Mind the gap: A new report shows the challenge ahead. It finds that globally, green hiring is outpacing overall hiring in key markets — but just one-in-eight employees has one or more green skill.

THE KING’S COP: Meanwhile, the Sustainable Markets Initiative (that’s King Charles’ pet project) this morning announces a new blended finance initiative, which includes direct help for farmers. The hope is to unlock trillions for regenerative agriculture (meaning a more sustainable approach to food and farming systems).

Royal pulling power: Some of the world’s biggest food groups, including Mars, McDonalds, Mondelēz, Pepsi and Waitrose, as well as companies like Lloyds, have signed up. And perhaps in a move that isn’t a total coincidence, many of their CEOs attended Charles’ snazzy reception for chief execs last week at the Expo.

ALSO TODAY — YOU’VE HEARD OF A WALK-OUT, NOW CHECK OUT THIS WALK-IN: Civil society groups including the International Trade Union Confederation (ITUC), 350.org and the Pacific Climate Warriors will stage a walk-in this morning in the Blue Zone to call for a robust final COP text — including a commitment to phase out fossil fuel.

DUTCH SUBSIDY SCRUB CLUB SCOOP: The Netherlands will unveil details of a new club of countries committing to take steps toward ending the practice of pouring billions of dollars each year into fossil fuel subsidies, a Dutch official told my colleague Karl Mathiesen.

Sneak peek: According to a draft of the deal, seen by POLITICO, the club will commit to publishing an inventory of all of their subsidies by next year’s COP using a common methodology. They will also commit to develop national phase-out strategies “within a clear timeline.”

 

A message from S&P GLOBAL COMMODITY INSIGHTS:

Advertisement Image

 

WHAT’S ON

HAPPY HOUR: Swing by the Island of Hope, a fun, free-to-access space at the Climate Action Innovation Zone in the Madinat Jumeirah Conference Center, for free cocktails from 6 p.m. You’ll need to hurry though, as today’s the last day it’s on.

SHIP AHOY! OceanXplorer — one of the most high-tech ocean exploration vessels in the world — has docked in Dubai Harbor, straight from the first leg of its mission across UAE waters to get a better grasp of the impact of climate change. Get a sneak preview before it features in a new six-part National Geographic series produced by James Cameron. 

LUNCH SPOT: Check out Talhan in the Turkmenistan Pavilion (Blue Zone) for some Central Asian fare. With carpets on the interior walls and funky psychedelic furniture outside, it’s upping the standards for what a national pavilion can be.

TRANSPORT TIP — WATCH WHERE YOU SIT! Be careful not to get too comfortable in the exclusive “Gold Class” metro carriages — unless of course you’ve dished out the extra dirhams for the privilege. For some, the extra leg room and comfier seats may be worth paying for, but Playbook reckons Dubai’s state-of-the-art driverless metro knocks most other public transport systems out of the park even in the cheap seats.

PLAYBOOK’S PICK FOR TOP PARTY VENUE: The captivating, silvery Museum of the Future stands out among Dubai’s financial district sky-scrapers. It’s one of the most-visited attractions in the UAE — and the perfect venue for hosting glitzy parties during COP. Last week, American businessman Michael Bloomberg gathered some of the great and the good for a big bash on the top floor; last night it was the turn of Brazilian company Acelen to showcase its plan to make renewable diesel and aviation fuel from macauba, a native Brazilian plant. Very futuristic.

SPOTTED

— At Bloomberg’s press drinks at the Jumeirah Emirates Tower Hotel on Wednesday: POLITICO’s Zack Colman, Zia Weise, Sara Schonhardt, Anne McElvoy, Bloomberg’s Akshat Rathi, Jennifer Dlouhy and John Ainger, Tim McDonnell of Semafor, Zoë Schlanger of the Atlantic, Reuters’ Valerie Volcovici, Jake Spring and Sarah McFarlane.

— At the second day of the Atlantic Council’s Global Energy Forum at the St. Regis: Brad Crabtree, Matt Baca and Adam Wong of the U.S. Department of Energy, Vice Minister of Energy of the Republic of Colombia Javier Campillo, the ACC’s Chris Barnard and Danielle Butcher Franz, Thomas Bruns of the U.S. International Trade Administration, Heritage Foundation’s Victoria Coates, Atlantic Council’s Fred Kempe, Michał Kurtyka and Landon Derentz, Denton’s Chris Fetzer, U.S. Treasury’s Victoria Gunderson, Ukrainian Sustainable Fund founder Nataliya Katser-Buchkovska, Emily Kreps of Deutsche Bank, Mary Landrieu, U.S. DFC’s Jake Levine, John Kerry adviser David Livingston, United Airlines’ Lauren Riley, Derek Schlickeisen, Danny Sebright of the U.S.-UAE Business Council, Pakistan’s Ambassador to the UAE Faisal Niaz Tirmizi.

TODAY’S AGENDA

— The Global FoodBanking Network’s Reducing Food Loss and Waste Day, from 9 a.m. in Zone B7, Room 89, Blue Zone.

— COP28 presidency press conference, 9:30 a.m. in Press Conference Room 1, Blue Zone. Speakers include: UAE Minister of Community Development Shamma Al Mazrui, COP28 Director General Majid Al Suwaidi, UNFCCC’s Alexander Saier, Marlaina Aroi, youth delegate. Rushil Khandelwal of YOUNGO.

— High Level Ministerial Dialogue for Culture-based Climate Action, at 12 p.m. at the Presidency Roundtable, Al Saih, Zone B8.

— Agri-Food Systems Forum at the Climate Action Innovation Zone, Madinat Jumeirah Conference Centre, 9 a.m. Speakers include: Global CEO of Fairtrade Sandra Uwera Murasa, Climate Envoy of the Netherlands Prince Jaime de Bourbon de Parme, Deputy Director General of the Food and Agriculture Organization of the United Nations Beth Bechdol, and many more.

— AIM for Climate: The Future of Food Systems Innovation, UAE Pavilion, Blue Zone, 4:30 p.m. Key speakers include U.S. Secretary of Agriculture Tom Vilsack and UAE Minister of Climate Change and Environment Mariam Almheiri.

— Mobilizing export credit insurance to drive positive climate impact, Climate Finance Stage, Blue Zone, 10 a.m.

— Skills needed for the accelerated renewable energy transition, Tech & Innovation Hub main stage, 10:30 a.m.

— An Open Table: Leveraging Youth Innovation and Private Sector Scale to solve the water crisis, World Bank Pavilion, 9 a.m. Speakers include World Bank’s Global Director for Social Protection and Jobs Iffath A. Sharif, President and CEO of Xylem Patrick Decker, Tatiana Estevez Carlucci, CEO of Permalution, Persis Ramírez of the International Water Association and U.N. Youth Climate Adviser Joice Mendez.

AND FINALLY

THANKS to Zack Colman, Zia Weise, Karl Mathiesen, Sara Schonhardt, Corbin Hiar, Evan Lehmann, Jack Lahart, Seb Starcevic.

Global Playbook couldn’t happen without Global Playbook Editor Zoya Sheftalovich.

A message from S&P GLOBAL COMMODITY INSIGHTS:

In a world of carbon chaos, you need a carbon registry you can rely on. Using financial-grade infrastructure, our carbon registry software is transparent and secure. We know that everyone’s needs are different, that’s why our experts work closely with you to customise our flexible modular software to suit you. And backed by our expertise in the carbon and environmental markets, our software continuously evolves to meet your needs. Both today, and tomorrow. Together, let’s power progress. Choose essential Carbon Registry Software.

 
 

Follow us on Twitter

Suzanne Lynch @suzannelynch1

 

Subscribe to the POLITICO Playbook family

Playbook  |  Playbook PM  |  Global Playbook  |  West Wing Playbook  |  California Playbook  |  Florida Playbook  |  Illinois Playbook  |  Massachusetts Playbook  |  New Jersey Playbook  |  New York Playbook  |  Ottawa Playbook  |  Brussels Playbook  |  London Playbook  |  Paris Playbook

Follow us

Follow us on Facebook Follow us on Twitter Follow us on Instagram Listen on Apple Podcast
 

To change your alert settings, please log in at https://www.politico.com/_login?base=https%3A%2F%2Fwww.politico.com/settings

This email was sent to salenamartine360.news1@blogger.com by: POLITICO, LLC 1000 Wilson Blvd. Arlington, VA, 22209, USA

Unsubscribe | Privacy Policy | Terms of Service

Post a Comment

Previous Post Next Post