FT News Briefing Brexit drama 2.0
Nov 15, 2021
Tensions are rising as China accuses the EU of jeopardizing global trade with new regulations. The recent COP26 summit resulted in agreements on emission reductions, but debates over coal usage have sparked controversy. The podcast also dives into the complexities of the Brexit deal, specifically the customs challenges between Northern Ireland and the Republic of Ireland, and discusses the potential triggers of Article 16. Meanwhile, the Premier League is closing in on a record-breaking U.S. TV rights sale amidst the shifting sports media landscape.
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COP26 Agreement
- The COP26 achieved an agreement on new rules for cutting greenhouse gas emissions.
- However, last-minute drama arose from India and China's resistance to phasing out coal.
India's Coal Stance
- India, supported by China and South Africa, opposed phasing out coal in the COP26 agreement.
- They argued developing nations need coal for development, unlike developed nations.
Implementation of COP26 Rules
- The COP26 agreement requires countries to report their emission targets and measurements in a year.
- This transparency aims to ensure accountability and progress towards climate goals.