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Good morning. COP28 delegates flock to Dubai, central bankers temper rate cut hopes, and Reddit in talks about a stock market listing. Here’s what people are talking about.
More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world’s slide toward environmental catastrophe. The need for progress has never been more urgent: 2023 will almost certainly be the hottest year on record, greenhouse gas emissions are still rising and promises to cut pollution remain insufficient to take the risk of unmanageable warming off the table. At the same time, rapid inflation and global instability – including wars in Ukraine and Gaza – have scrambled the politics and economics of the energy transition.