George Hay
@gfhay
Followers
3,806
Following
961
Media
99
Statuses
5,439
Reuters Breakingviews Associate Editor looking at the energy transition, commodities and the Middle East. Views = mine.
Joined October 2010
Don't wanna be here? Send us removal request.
Agree!
This is an excellent point, and a great way to think about the importance of natural resources in the energy transition (1/n)
0
0
1
George Hay Retweeted
Diplomats expressed shock and disappointment on Friday at new data revealing higher-than-expected deforestation in Brazil's Amazon this year, saying it increases pressure on Bolsonaro's government
w/ @lisparaguassu
2
14
28
George Hay Retweeted
Breakdown: COP’s bare minimum is still a ratchet
via @gfhay
📷: Dylan Martinez
0
1
2
The Dutch court interpretation is the one a non-Shell City source just told me. Oddly doesn't feature in the Shell press release!
@ronbousso1 @Shell A little bit of a screw-you to the Dutch court, one might guess? Also, the City of London is the #1 tax haven in the world, as detailed in @nickshaxson's brilliant but depressing book. Shell isnt one to pay too much 🇦🇺 tax or royalties, from what I see.
0
1
1
WRI says this could mean 4 gt of not-great credits still eligible (more than Russia/India combined😬). It also reckons if the cut-off is set at 2016 it would only be 0.18 gt. As Matt says elsewhere double-counting prevention is getting better though.
Some things that warrant concern:
1⃣ Carbon credits from old projects (2013>) allowed - ongoing pollution could be offset against old reductions that no longer benefit the climate
1
0
2
George Hay Retweeted
China and Saudi Arabia are among a group of countries seeking to prevent the UN climate deal in Scotland from including language that opposes fossil fuel subsidies, according to two sources close to the negotiations. #COP26 @KateAbnett & @piperliza
0
6
3
George Hay Retweeted
🏭 Who is the biggest polluter?
Depends how you ask via @ReutersGraphics @OvaskaOvaska @NasrallaShadia @KateAbnett
17
19
45
George Hay Retweeted
GE's split marks the end of an era, albeit one that actually ended years ago. I talked with @rob1cox for the @breakingviews podcast. Also: @gfhay takes the temperature of #COP26
0
2
4
Real win from China-US COP26 pact may be to widen the black NDC square below (@ETC_energy). World's two top emitters will take "accelerated actions in the critical decade of the 2020s". Same language as par 28 of this AM's draft text and may help halve CO2 as needed by 2030
0
2
3
Yes - a much better look than castigating Xi for not showing up. And suggests China was not just trying to deny the west a climate win by swerving an announcement at COP26
A major fear inside #COP26 presidency was lack of US-China cooperation. Big moment in getting a deal on Paris Rulebook and overall deal. Finance still massive sticking point.
0
0
0
"China will phase down coal consumption during the 15th Five Year Plan (2026-30) and make best efforts to accelerate this work." Given that China has half the world's 2100 GW fleet and coal is a fifth of global emissions that seems handy
0
0
0
COP26: CHINA SPECIAL ENVOY FOR CLIMATE CHANGE XIE SAYS HOPES TO BUILD GLOBAL CARBON MARKET
0
0
0
Signs of movement from the world's two biggest emitters, controlling over 40% of CO2 emissions
0
0
0
Helps explain why some people at COP like point 28, 'Decides to establish a work programme to urgently scale-up mitigation ambition and implementation during the critical decade of the 2020s'. May close gap identified by Adair Turner to halve emissions by 2030 (if it survives)
0
0
0
⬇️⬇️
NEW
What type of words are used in draft #COP26 "cover decision"?
My quick analysis: mainly exhortations ("urges", "calls", "invites") not binding ("decides", "requests")…
…but on the spectrum of UN-speak, "urges" is stronger than "calls on", which is stronger than "invites"
0
0
0
