Ones and Tooze: the COP edition

... plus global food prices.

This week on Ones and Tooze, Cameron and I give you a run down of COP26.

Get the podcast here:

Ones and Tooze @OnesandToozePod

Next week marks the start of COP26 in Glasgow 🌎Listen to today's episode of #OnesandTooze to hear why @adam_tooze is optimistic ahead of the climate summit: podcasts.apple.com/us/podcast/a-g…

podcasts.apple.com‎Ones and Tooze: A Guide to the COP26 Climate Summit on Apple PodcastsOn this episode, why Adam Tooze is optimistic ahead of the climate summit in Glasgow and how COP26 really works. Also: The food crisis around the world that could become a humanitarian crisis and even a political one. See acast.com/privacy for privacy and opt-out information.

One factoid I wish I had known ahead of time is COP26’s own carbon footprint:

Apparently, of COP26’s estimated 53,374 tons of carbon footprint, 45k are for air travel. Source: FT

The second segment in the podcast is on global food prices.

I covered this story in Chartbook last week:

Chartbook #47: Crisis Talk - Global Food Prices

This morning I read in the FT that the ripple effect is spreading through the food chain. The FT has compiled a “cost of breakfast”-index consisting of futures prices for coffee, milk, oats, orange juice and wheat, it has surged 60 percent since its low in the spring of 2020.

On top of the harvest failures in Brazil, we have other climate issues to deal with:
”Oat prices, meanwhile, have doubled this year after a severe drought in Canada wiped out almost half of its crop. As the world’s largest oat producer and exporter, Canada’s oat production drives global trade, and this year its crop shrank 44 per cent, according to Gro.” Oats are at an index value of 240 relative to 100 in the summer of 2020.