We are in an era of upheaval, termed by some as a polycrisis, and Cop27 was never itself going to resolve the biggest of these – the climate emergency. Indeed, the most significant recent progress may well have already happened far from Sharm El-Sheikh, in the form of the American midterm elections and the rapprochement between the US and China, the two world’s largest emitters, on climate issues at the G20 in Bali.
Draft Cop27 agreement fails to call for ‘phase-down’ of all fossil fuels
Whilst the cost of inaction is far, far greater than the cost of inaction for many countries, it was difficult to come to an agreement to contribute to a fund helping those countries most affected by pollution from the industrial and most polluting countries.
September 2022 coming to an end with severe storms.
Some View on the World looks at what happened at the last weekend of October
August 22 Ukraine is showing off wrecked Russian tanks in Kyiv for this year’s Independence Day celebrations. It’s not the military display President Vladimir Putin had in mind when he launched Russia’s invasion. The war that Russia — and some of Ukraine’s allies — expected to end in days with a victory parade for PutinContinue reading “Bloomberg looking at the 4th week of August 2022”
August 15 Chinese President Xi Jinping’s hopes for stability ahead of a historic Communist Party congress are quickly dwindling. His country’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range. Key reading: China Announces Patrols to Protest US Senator’sContinue reading “Balance of Power in the 3rd week of August 2022 from Bloomberg”
August 01 There was some rare good news out of Ukraine today when a vessel loaded with 26,000 tons of corn left the port of Odesa — the first legal shipment of grain since Russia’s invasion began in late February. It’s a small step but potentially significant for some of the world’s poorest countries asContinue reading “Balance of power in the first week of August 2022”
Colombia, Middle East, oil and gas.