As the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow approaches (31 October to 12 November 2021), Mexico’s Congress discusses a controversial proposal to modify the Constitution in the electricity sector. This legislative change would give primacy to the Comisión Federal de Electricidad (CFE), a state-owned company, effectively crowding out private producers and eliminating independent regulators. …
Globalisation in the sense of increasing global connectedness has seen difficult times over the last years. The global financial crisis showed the vulnerability of our economic systems and middle classes. Multilateralism was challenged by “my country first” movements, not least so from the US, one of the godmother nations to the post-WWII world order. The other godmother, the UK, turned its back to the EU’s integration project. Furthermore, trade wars increased trade barriers and changed the setting for global production chains. And certainly in 2020, a global pandemic was (and is) most effectively curbed by the limitation of individual movements, often reducing cross-border linkages.
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As households move out of poverty, their spending patterns change. From a human development perspective, this is good and important, but changing consumer behaviour may result in significantly more CO2 emissions. The lifestyles of growing global middle classes decide whether this happens.
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Last night the UK government together with UN climate officials announced that the UN climate change conference “COP26” that was set to convene in Glasgow, Scotland, in November 2020, will be postponed into 2021 in response to the ongoing Corona crisis. …
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At the beginning of a new decade, we suggest to look at the longer-term. Let’s consider the world of multilateralism two decade from now, i.e. well beyond the timeline of the 2030 Agenda. The setting in 2040 is likely to differ substantially from today. Things change, and the job of scenario-building is to imagine different futures without merely projecting existing trends or historic examples. Scenario-Building also provides us with ideas about what we need to do to land in the space we see as most preferable.
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