COP28 controversy and the challenge of energy transition in the Gulf

The COP28 in Dubai marked the second time a COP has been hosted in the Gulf region since 2012. The selection of the United Arab Emirates (UAE) as host raised questions not only about its ability to deliver on the COP agenda but also drew attention to its socio-economic context and its equitable contribution to addressing climate change.

Perhaps there is a silver lining: In this article, the author from Chatham House suggests that by adopting a strategy of diversifying from heavy dependence on a single commodity, and as the world divests from fossil fuiels, Gulf countries may avoid costly consequences of delayed action.

"This transition will be challenging, but the region can harness its financial capacities and transferable skills to gradually transition to a post-oil, climate-compatible economy."

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AI - where from here?

The attached article – ChatGPT from Betashares – provides an insight into the rapid changes that are occurring with AI and the related risks. In the view of Satya Nadella, the CEO of Microsoft, Artificial Intelligence AI will have a greater impact upon our lives than the Internet!

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Reform the macroeconomic policy framework, don’t abandon it

This article from Chatham House makes it clear that the way global economies will work going forward will be very different to the past

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The emerging global crisis of land use and why should we care?

This very interesting article from Chatham Houe reflects on not only how rising competition for land threatens international and environmental stability, but also how the risks can be mitigated.

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Is Cash still King?

Following the Optus debacle, the move to a cashless society may be looked at more carefully.
Cash may no longer be king, but it is still necessary.

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The present Australian economy and interest rates

At present, with inflation above 5% and the cash rate at 4.35%, a further increase in the cash rate is likely in the New Year.

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What are ‘planetary boundaries’ and why should we care?

We had better care, because “…as far as we know, there is exactly one planet in our Solar System – and the galaxy – which hosts life. And you’re on it.”

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Can the commodities market give us an indication on policy and growth?

Meanwhile, amidst the political and financial market volatility, one subject of interest is the role of commodities.

Reprinted with permission.

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Organisms without brains can learn too – so what does it mean to be a thinking creature?

These organisms are not equipped with neurons or brains and challenge us “…to reflect on our often-assumed seat at the apex of the tree of life…

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The AI horse has bolted. What to do? 

Alan Finkel, who was Australia’s chief scientist from 2016 to 2020 wrote this article.

AI is everywhere. Its potential to contribute to society is vast and undisputed. However, almost every day, new concerns and calls for regulation are raised.

The trouble for regulators is that the AI horse has bolted. 

Like the effort to tackle climate change, negotiating an international agreement would require collaboration on a global scale similar to the nuclear non-proliferation treaty, according to Alan Finkel (reprinted with permission).

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