Geopolitics of the Green Transition GEOSTREAMS

The fifth ministerial meeting of the EU-U.S. Trade and Technology Council.

And what we are tracking in 2024

The short version: It went pretty well. This time around COP saw countries and companies renew their commitment on many fronts. These are some of the most important outcomes.
Final declaration sends mixed messages to the business communityMore climate finance pledges, though not enough, can accelerate transition in emerging marketsFood hits the climate agenda with a first-of-its-kind agreement and a major UN planAgreement on the global stocktake sets tone for near-term actionRenewable energy is to be tripled with most countries on board

This week's letter focuses on risks and opportunities for companies, as they emerge from COP 28.
Countries and companies are failing to report accurately on emissions.117 countries pledge to triple renewable installations by 2030.The Biden Administration and fossil fuel giants move in tandem against methane.Carbon credit markets are moving ahead.Boosting green investments with special drawing rights in emerging markets will expand opportunities.

This week's letter focuses on the expected positions of different players at COP 28.
We look at three different players, the European Union, the United States, and China, together accounting for just over half of the world’s total carbon emissions.We look at examples of positions from countries in South America or groupings such as the Least Developed Countries and small island nations.

Episode highlights:
COP28 is around the corner: both nearby and out of sightChina boosts cobalt strategic reservesThe U.S. SEC may scale back Scope 3 reporting A Just Energy Transition Investment Program (JET-P) with North MacedoniaMexico is running dry with water shortagesThe viability of the US leader in Small Modular Reactors

The Geopolitics of the Green Transition Weekly update.
- US wants China to forego unabated coal
- Restricted traffic in Panama Canal
- Kenya signs carbon offset deal with UAE
- Lithium-ion battery prices drop
- France's Sustainable Investment Label remake
- US launches new critical minerals coalition
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