MARKETS DAILY: Featured Story | COP28 and Bitcoin: The Beginning of a Beautiful Friendship?
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 3 December 2023
⏱️ 11 minutes
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| 0:00.0 | This episode of Markets Daily is sponsored by CME Group and Harpy. |
| 0:09.1 | Hello, this is Markets Daily from CoinDesk. |
| 0:12.8 | I'm Noel Atchison here with your featured story. |
| 0:16.0 | Today, I want to share a piece I wrote for CoinDesk earlier this week on the ongoing |
| 0:20.6 | COP28 climate summit |
| 0:22.1 | and what it could mean for crypto. |
| 0:33.1 | Its title is, |
| 0:34.8 | COP28 and Bitcoin, the beginning of a beautiful friendship? |
| 0:39.3 | Here we go. |
| 0:40.9 | This week sees the kickoff of COP28, the annual conference to discuss a coordinated global approach to dealing with climate change issues. |
| 0:49.5 | This year, it is held in the United Arab Emirates, one of the world's largest oil producers. |
| 0:55.2 | Already, desperate rhetoric is emphasizing the catastrophic cost of inaction. |
| 1:00.4 | 120 heads of state are brushing up their speeches, and even Pope Francis will make an appearance |
| 1:06.1 | despite a lung inflammation. |
| 1:08.5 | Yet, as usual, the event will most likely end up being a waste of time |
| 1:12.9 | as well as energy of all kinds. Nevertheless, there is a positive crypto twist embedded in the shambles. |
| 1:22.0 | First, let's briefly address my skepticism. The track record so far is not auspicious. The first cop, which, if |
| 1:30.3 | you're curious, stands for conference of parties, in 1995, called for governments to establish |
| 1:36.1 | specific legally binding targets and timetables for reducing developed country emissions of greenhouse gases. |
| 1:43.8 | Almost 30 years later, |
| 1:45.4 | we still don't have those. |
| 1:47.7 | The chair of the event |
... |
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