At COP26 last year in Glasgow, we saw big pledges – Net-Zero pledges from countries and companies; $130 trillion of private capital represented in the GFANZ coalition pledged to accelerate the de-carbonization of the economy.
But that world, one of easily available capital and peace in Europe, no longer exists, and we have seen a resetting of expectations from many of the major players, both on the public and private side.
August 31, 2023
Last week, leaders from leaders from Brazil, Russia, India, China, and South Africa – formally known as the “BRICS” – assembled in Johannesburg for a (until very recently) largely overlooked three-day summit to discuss expanding the bloc’s membership and moving away from US-dollar dominance. The outcome of the meeting was a major milestone for the otherwise economically and politically disparate group.
July 21, 2023
What a difference a year can make. This time last year, the Federal Reserve kicked off a tightening cycle that became one of the steepest on record. Recession fears abounded. Equities plunged. But Q2-2023 saw the first pause in that tightening cycle, indicating we are nearing the peak in interest rates. And hopes crept up that the US might escape a recession.
