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By Sharon Kimathi, Energy and ESG Editor, Reuters Digital
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Hello!
It may be the ‘day of rest’ at COP28 in Dubai, but Sustainable Switch has no time for sleep, not with all the deliberations still going on as delegates work towards a final agreement on fossil fuels and where next year’s climate conference will be held.
Talks on who will take over from current COP28 host the United Arab Emirates hit an unprecedented deadlock, with countries in the eastern European region unable to agree on a candidate.
Moldova has now volunteered to preside over the talks, according to a letter from the country to other Eastern European nations, seen by Reuters. The tiny land-locked country, however, has not volunteered to host the massive event, sources familiar with the matter said.
The sources told Reuters that Serbia was considering putting itself forward for both hosting and running COP29, but had yet to make a formal bid.
The summit reopens in full on Friday, when organizers plan to focus their public events on topics relating to youth and children.
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Delegates walk at Dubai’s Expo City during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates. REUTERS/Thomas Mukoya
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- Exclusive: Moldova has put itself forward as a candidate for the presidency of next year’s U.N. climate summit and Serbia is also considering throwing its hat in the ring, according to people familiar with the matter and a document seen by Reuters.
- At this year’s U.N. climate summit, countries, development institutions and businesses are pledging more money for everything from the energy transition to health care initiatives, technology investments, disaster relief and more. Hosts the United Arab Emirates said more than $83 billion had been mobilized during the first five days of the event. Here are some of the main COP28 finance pledges.
- It’s the issue at the core of COP28: will this year’s U.N. climate talks, held in major oil producer the United Arab Emirates, produce the first global agreement to phase out fossil fuel use? Click here to read a Reuters feature on the reasons behind the tensions over the issue.
- Canada plans to unveil a framework for its long-awaited oil and gas emissions cap at the United Nations COP28 climate summit in Dubai, the only major oil-producing country developing such a policy. Here are details of what it is expected to entail, and what it will mean for the fossil fuel sector.
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A Greek flag flutters by a house in the village of Metamorfosi, which was severly flooded due to the impact of Storm Daniel, in Metamorfosi, Greece. REUTERS/Louisa Gouliamaki/
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- Residents of the small Greek farming village of Metamorfosi have voted in favor of relocating their entire community after it was submerged by flood waters in September, seeking to protect themselves from future climate change-driven disasters.
- Indonesia volcano: Rescuers have evacuated all the climbers who were trapped on Indonesia’s Marapi volcano, a spokesperson for the search and rescue agency said, after it erupted this week, killing 23 people.
- Chennai flood: Rescuers used boats to reach people stranded in their homes amid widespread flooding in India’s Chennai after cyclone Michaung barrelled into the southern coast, bringing in heavy rain and winds that uprooted trees and damaged roads.
- Greenwashing: Adverts from Lufthansa, Air France-KLM and Etihad Airways were banned by Britain’s advertising regulator for giving a “misleading impression” of the airlines’ environmental impact. Click here for more.
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Dr Matthew Bell, the global climate change and sustainability services leader at global multiservice firm, EY, shares his thoughts on a recent report about lagging decarbonization efforts in the corporate sphere:
“This year’s Global Climate Risk Barometer reveals that while companies recognize the importance of transitioning to a green economy, their pace and sense of urgency in creating genuine pathways to decarbonization are lacking.
“Almost half (42%) of companies do not know how climate change will affect them and were unable to confirm that they had conducted scenario analysis for climate risks against their value chain or industry.
“The report finds that there is a concerning disconnect between the stated climate ambitions and the corporate actions to achieve them.
“Only 53% of the companies that fell under the scope of the research are providing disclosure against some kind of transition plan, despite the huge rise in companies creating them.
“In the same way, 74% of companies do not include the quantitative impacts of climate risk in their disclosures, indicative of the fact that climate change is not being evaluated on par with other significant impacts, mirroring a greater trend where corporate reporting is disconnected from climate risk.
“Climate risk must not be siloed, but instead raised to the boardroom and used to galvanize carbon reduction.”
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Professor Jeanne Tan of the School of Fashion and Textiles at Hong Kong Polytechnic University with the sweater developed by AiDLab, in Hong Kong, China. REUTERS/Joyce Zhou
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Simple gestures could be all it takes to alter the color of your clothes in the future, according to a research team that has developed a color-changing textile embedded with a tiny camera and making use of artificial intelligence.
The technology could help reduce textile waste by giving people more color choices for an item of clothing, says Hong Kong-based Laboratory for Artificial Intelligence in Design (AiDLab).
The fabric, which is knitted with polymeric optical fibers (POFs) and textile-based yarns, can be illuminated in a range of different hues.
A thumbs-up in front of the fabric triggers deep blue, a heart sign will turn it pink while an ‘OK’ sign will turn it green. Click here to see more on the Reuters feature and video.
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