Debt, high interest rates, commodity shocks and energy insecurity have propelled anger in the Global South. Emerging economies are seeking to overhaul the structures of the global political and economic system, hedge their strategic bets away from alliances and blocs and accelerate the emergence of a multipolar system more favorable to their interests. Is the future of BRICS+ and the G77 one of new opportunity or unreconciled competition? How deep is this polarization? What are the tools to bridge the divide? What does this divide mean for the future of trade, markets and international political institutions?
COP28 elevated ambitions to tackle emissions from the oil and gas sector. This included heightened national ambition to tackle methane, financing for low-income economies, and improving monitoring and measurement. COP28 also saw the introduction of the Oil and Gas Decarbonization Charter looking to accelerate action at the corporate level on methane, flaring, and scope 1 and 2 emissions. What is the significance of these commitments? What actions are being taken? What measures are being taken to improve monitoring and measurement?