{"id":86852,"date":"2023-11-28T00:00:00","date_gmt":"2023-11-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/biden-is-going-to-be-a-no-show-at-cop28\/"},"modified":"2023-11-28T00:00:00","modified_gmt":"2023-11-28T00:00:00","slug":"biden-is-going-to-be-a-no-show-at-cop28","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/biden-is-going-to-be-a-no-show-at-cop28\/","title":{"rendered":"Biden is going to be a no-show at COP28"},"content":{"rendered":"

Good morning, ladies and gentlemen.<\/strong> We have a bit of a slow morning (by UAE standards, at least) on our hands \u2014 although that\u2019s likely the calm before the storm as we hurtle towards COP28 later this week. <\/p>\n

THE BIG STORY here at home?<\/strong> There\u2019s no single story or theme that is dominating the news cycle today, although the UAE\u2019s investment interest in Egypt continues to make the rounds. <\/p>\n

** This is a zero issue of EnterpriseAM UAE<\/strong> and has not been published or distributed to a wide audience. The sponsor logos above are not correct because we\u2019re still developing the new UAE template.<\/p>\n

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** Have a comment, criticism, or story tip? <\/strong>Hit up patrick@enterprisemea.com<\/a>. <\/p>\n

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COUNTDOWN TO COP-<\/strong><\/p>\n

COP28<\/a><\/strong> is right around the corner:<\/strong> The annual climate event kicks off in Dubai this Thursday, 30 November and will run through 12 December. During this year\u2019s event, governments will, for the first time, undertake a Global Stocktake (GST) to assess their advancements in meeting the nationally determined contributions (NDCs) pledged at the 2015 Paris Climate Accords. <\/p>\n

<\/a> Biden is skipping out:<\/strong> US President Joe Biden will give COP28 a pass, sending instead climate envoy John Kerry. The New York Times suggests that Biden is preoccupied with Gaza and his upcoming presidential campaign. Biden attended the last two COPs \u2014 in Egypt and the UK \u2014 with climate issues being on top of his international and local agenda. (Financial Times<\/a> | The Guardian<\/a> | France 24<\/a> | The New York Times<\/a> | Reuters<\/a>)<\/p>\n

<\/a> Methane curbs will be a main focus at COP28: <\/strong>Although 150 nations have signed up<\/a> for the EU-backed Global Methane Pledge aimed at slashing generation volumes of the greenhouse gas (GHG) by at least 30% by 2030, more action is needed to turn emission reduction commitments into action, Reuters<\/a> reports, citing comments made by the COP28 Presidency. <\/p>\n

Why it\u2019s important: <\/strong>Methane emissions still totaled 135 mn metric tons last year and is the second most abundant anthropogenic GHG after CO2, the newswire writes. A legally binding agreement to phase it out needs to be hammered out during COP28 to meet global climate targets, the World Bank\u2019s former Climate Envoy Rachel Kyte told Reuters. The US and China will partner<\/a> with the UAE on holding a Methane and Non-CO2 Greenhouse Gases Summit at COP28 to help realize that target.<\/p>\n

There\u2019s been progress ahead of COP: <\/strong>The US Methane Finance Sprint \u2014 which aimed to mobilize at least USD 200 mn during COP28 to help developing countries curb greenhouse gas emissions \u2014 will reportedly exceed its targets<\/a>. The US and China \u2014 the world\u2019s largest carbon emitters \u2014 have agreed to count all non-carbon greenhouse gasses including methane<\/a> in the update of their national climate strategies. And over in the EU, lawmakers reached a provisional agreement setting methane emission restrictions<\/a> for future oil and gas imports into the bloc earlier this month.<\/p>\n

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HAPPENING TODAY-<\/strong><\/p>\n

A handful of events around town:<\/strong><\/p>\n