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George Hay Profile
George Hay

@gfhay

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Reuters Breakingviews Associate Editor looking at the energy transition, commodities and the Middle East. Views = mine.

Joined October 2010
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George Hay Retweeted
@jakespring
Jake Spring
10 days ago
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
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George Hay Retweeted
@WJames_Reuters
William James
14 days ago
Breakdown: COP’s bare minimum is still a ratchet via @gfhay 📷: Dylan Martinez
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George Hay
14 days ago
The Dutch court interpretation is the one a non-Shell City source just told me. Oddly doesn't feature in the Shell press release!
@TimBuckleyIEEFA
💧 Tim Buckley
14 days ago
@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.
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@gfhay
George Hay
16 days ago
'He doesn't like it, but he has to go along with it'
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George Hay
16 days ago
EU climate chief Timmermans now dissing the last minute change too.
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@gfhay
George Hay
16 days ago
89th minute requirement from India to change text of #COP26 agreement to 'phase down' coal instead of phasing it out. Swiss intervention dissing this last minute change gets a much bigger round of applause than the Indian proposal
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@gfhay
George Hay
16 days ago
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.
@mattadamw
Matt Adam Williams
16 days ago
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
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George Hay Retweeted
@katydaigle
Katy Daigle
16 days ago
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
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@gfhay
George Hay
19 days ago
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
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George Hay
19 days ago
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
@SimonLLewis
Simon Lewis
19 days ago
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.
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@gfhay
George Hay
19 days ago
"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
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George Hay
19 days ago
COP26: CHINA SPECIAL ENVOY FOR CLIMATE CHANGE XIE SAYS HOPES TO BUILD GLOBAL CARBON MARKET
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@gfhay
George Hay
19 days ago
Signs of movement from the world's two biggest emitters, controlling over 40% of CO2 emissions
@DrSimEvans
Simon Evans
19 days ago
BREAK China US deal text
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@gfhay
George Hay
19 days ago
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)
@gfhay
George Hay
19 days ago
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George Hay
19 days ago
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@DrSimEvans
Simon Evans
19 days ago
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"
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George Hay
20 days ago
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@fionaharvey
Fiona Harvey
20 days ago
#Cop26 sets course for disastrous heating of more than 2.4C, says key report
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