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HAPPENING THIS WEEK
In Nairobi, Kenya, the fourth meeting of the intersessional process considering the Strategic Approach and the Sound Management of Chemicals and Waste Beyond 2020 (IP4) is scheduled to take place from 27 February to 3 March 2023. It also happened in Bucharest, Romania from 29 August to 2 September 2022. This meeting and the previous meeting support stakeholders in their efforts to elaborate future arrangements of the strategic approach and sound management of chemicals and waste beyond 2020 for consideration and adoption at the next session of the International Conference on Chemicals Management (ICCM5).
UN 2023 Water Conference – formally known as the 2023 Conference for the Midterm Comprehensive Review of Implementation of the UN Decade for Action on Water and Sanitation (2018-2028) – which will take place at UN Headquarters in New York, 22-24 March 2023, co-hosted by Tajikistan and the Netherlands.
European Parliament – Green deal/Fluorinated greenhouse gas: the Environment Committee will adopt its position on draft legislation aiming to further reduce the use of fluorinated greenhouse gas (F-gas). F-gases are human-made chemicals that are very strong greenhouse gases (GHG), often several thousand times stronger than carbon dioxide (CO2). They are used in common appliances such as refrigerators, air-conditioning, heat pumps, fire protection, foams and aerosols. Fluorinated greenhouse gases, amending Directive (EU) 2019/1937 and repealing Regulation (EU) No 517/2014 (2022/0099(COD)) – adoption of draft report – rapporteur: Bas EICKHOUT (the Greens/EFA, NL) – and- Substances that deplete the ozone layer and repealing Regulation (EC) No 1005/2009 (2022/0100(COD)) – adoption of draft report – rapporteur: Jessica POLFJÄRD (EPP, SE). Westminster Legal Policy Forum Keynote Seminar-Health and safety reform-regulation, litigation and risk, London UK.
European Parliament – Committee on International Trade, Building Resilient, Sustainable and Competitive Supply Chains in Critical Raw Materials – exchange of views (draft program). Nationally Significant Infrastructure Projects Forum 2023, London, United Kingdom.
German Chancellor Olaf Scholz will meet with U.S. President Joe Biden on March 3 at the White House. Africa Regional Forum on Sustainable Development 2023, 28 February – 2 March, Niamey, Niger
SATURDAY & SUNDAY
A slow weekend in politics
GLOBAL ECONOMIC PULSE
US consumer confidence, construction spending, and home sales will be released this week. China will publish its manufacturing and non-manufacturing Purchasing Managers’ Index (PMI) and Caixin manufacturing PMI. Japan’s industrial production will be announced. Fourth quarter GDP Australia, Czech Republic, Hungary, India and Turkey will also be released. Inflation data from Colombia, Indonesia and Peru will be announced. Recession fears are subsiding in the eurozone and UK. European countries have successfully boosted the supply of gas coming from Norway and Algeria as well as LNG coming from the United States and Qatar. Japan and Australia show mild demand. The Purchasing Managers’ Index (PMI) for the ASEAN bloc will be released as well.
Earnings Reports This Week: Occidental Petroleum, Target, Sempra Energy, UniCredit, Agilent, HP, First Solar, Rivian, Salesforce, Lowes, Kuehne & Nagel, Henkel, Sociedad Quimica y Minera, Ferrovial, Broadcom, Costco, Dell, Hormel, Hewlet Packard, Banco Do Brasil,
NOTEWORTHY REGULATIONS, LEGISLATION, DECISIONS & REPORTS
Companies face challenging operating conditions worldwide: high inflation, interest rate volatility, disruptions to global supply chains, and slowing economies. The twin sustainability crises of climate change and ecological degradation are also impacting companies. Deloitte has created a thoughtful report about how companies can process these risks in “Confronting the Polycrisis: Financial Markets Regulatory Outlook 2023”
Asian Development Bank published its Asian Economic Integration Report 2023: Trade, Investment, And Climate Change In Asia And The Pacific
Latham & Watkins has published a commentary on “How Germany’s New ESG Law Will Affect Suppliers Globally”
UK 2023 Budget speech was published.
Giga Projects are Infrastructure or Capital Project investments of such scale and ambition that they can be considered ‘once in a generation’ in terms of what they deliver to the world, and the way that they deliver it. They have a guiding vision which, if successfully delivered, will have a fundamental and transformative impact on entire societies and the ways we live and work. Deloitte has put an excellent report out on this topic.
AECOM one of the world’s leading infrastructure consulting firm has publicly presented it strategic vision to investors.
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