This mini Q&A series will follow COP28, providing you with a quick and easy way to stay informed as the discussion evolves. Our coverage will highlight significant and recent developments from a legal perspective, allowing you to assess the impact of these on your business.
Part 3: In this video, Tim Baines (Environmental partner, London, and founding member of Mayer Brown’s Global ESG Steering Group) discusses the outcome of the global stocktake – the “UAE Consensus” – and the focus on Climate Finance as we start Looking Forward to COP29.
Video duration: approximately 17:35 minutes
Part 2: As we alluded to in our pre-COP video (below), the first Global Stocktake under the Paris Agreement will be concluded at COP28. Although it is an important milestone in terms of establishing a comprehensive picture of what has been achieved since the Paris Agreement was entered into and what remains to be done, discussions appear to be fraught. Clearly, an exercise of this kind allows for the re-opening of old wounds around substantive matters such as how to share responsibility for mitigation efforts. On this theme, at the opening ceremony, UNFCCC Executive Secretary, Simon Stiell, urged participants to signal the decline of the fossil fuel industry. Current expectations are that decisions in this regard will be in the context of the Global Stocktake.
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Part 1: In this video, Tim Baines (Environmental partner, London, and founding member of Mayer Brown’s Global ESG Steering Group) sits down with Oliver Williams (Banking & Finance associate, London, and Editor of Mayer Brown’s Eye on ESG Blog) to discuss the operation and effectiveness of the Paris Agreement and key reasons why businesses should pay attention to how COP28 unfolds in Dubai.
Video duration: approximately 6:25 minutes
