COP26: a climate gathering like no other
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 November 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/24a0e0ed-749d-4b6e-adbd-1f3c3a6cadb3
The FT’s clean energy and environment correspondent, Leslie Hook, has a curtain raiser on COP26, the most important climate summit since the 2015 Paris agreement. Plus, the FT’s US financial commentator Rob Armstrong and US editor- at-large and Moral Money newsletter founder Gillian Tett go head-to-head in a debate over whether investing in environmental, social and governance causes can really change the world.
COP26 summit is a pivotal moment for the planet - with Leslie Hook
https://www.ft.com/content/6ad9c521-b5ae-4876-be89-97d978485d48
The ESG investing industry is dangerous - with Robert Armstrong
https://www.ft.com/content/ec02fd5d-e8bd-45bd-b015-a5799ae820cf
Gillian Tett explains ESG's importance - with Gillian Tett
https://www.ft.com/video/eba8dff7-ae9e-47db-b054-c8ed52ad8e79
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Monday, November 1st, and this is your FT news briefing. |
| 0:08.8 | The Massive UN Conference on Climate Change is underway in Glasgow, and our Environment Reporter |
| 0:13.4 | Leslie Hook gives us a preview. And then we've got highlights of a debate between two of our |
| 0:17.9 | leading commentators, Rob Armstrong and Jillian Ted, go head-to-head over whether socially responsible |
| 0:23.5 | investing can change the world. I'm Mark Filipino, and here's the news you need to start your day. |
| 0:30.0 | Glasgow, Scotland is the center of our warming world right now, and it will be for the next week or so. |
| 0:40.4 | The city is hosting the annual United Nations Conference on Climate Change, or COP26. |
| 0:46.2 | World leaders like US President Joe Biden will be there, along with climate celebrities like Greta |
| 0:51.0 | Tunberg. The FT's team of journalists covering COP26 includes our Environment Reporter Leslie Hook. |
| 0:57.5 | She joins me now. Hi Leslie. Hi Mark. So Leslie, how big is this? How many people, |
| 1:03.3 | size of the venue, and what is it supposed to accomplish? Well, this is the biggest climate summit |
| 1:08.9 | since the 2015 Paris Accord. There's expected to be around 25,000 people and 120 heads of state. |
| 1:16.7 | It's also the biggest diplomatic event since the pandemic began. And the goal of this Glasgow |
| 1:24.3 | summit is to finalize the rules of the Paris Climate Accord. So six years ago in Paris, |
| 1:30.8 | countries came together and all agreed to limit global warming to well below two degrees Celsius, |
| 1:36.0 | ideally 1.5 degrees Celsius. But they actually left a lot of the fine print to be figured out later. |
| 1:42.1 | And that later is right now. So there's a lot of nitty-gritty questions like how do you report your |
| 1:48.5 | emissions of your country? Like what form do you use? Who audits that report of your emissions? |
| 1:54.8 | Another topic is how can countries exchange carbon offsets, trade carbon offsets, buy-and-sell carbon |
| 2:01.8 | offsets between each other? What's the framework governing that global carbon market? So we've got |
| 2:07.8 | some really thorny details to be worked out in Glasgow. That's kind of the fine print of the summit. |
| 2:14.3 | So this feels like a kind of a major milestone for the Paris Agreement, right? |
... |
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