Andrew Herscowitz’s Post

We are thrilled to support the Gallagher Middle East & Africa "Future is here" conference examining the global and emerging risks that will affect our societies, our people and our planet. https://lnkd.in/dEffNE5g

#economics #politics Former Speaker of the U.S. House of Representatives Newt Gingrich writes about the Francis Scott Key bridge collapse when a Singapore Maersk cargo shipping vessel crashed into the bridge on X (https://lnkd.in/ekbWk2u7): “Why would President Biden promise to pay to rebuild the Baltimore bridge when the insurance companies are responsible? Why add a billion dollars to US debt when the big insurance companies exist for precisely this purpose? Is there no idea too dumb for the Biden team to embrace?” Insurance companies are clearly the first backstop I had not thought of when I wrote about it a few days ago in a LinkedIn post https://lnkd.in/eg8aytcT. In response to Gingrich, however, it depends on how the insurance on the bridge was taken out. Is the cargo ship crashing into the Key bridge an Act of God or an accident covered by the policy or is the accident too expensive for the insurance company exempt in fine print, making Warren Buffet’s reinsurers like Swiss Re worried about America’s aging infrastructure? Moreover, why is Maersk not bearing the liability for negligence? As ChatGPT-based applications wildly proliferate around the world with bubble-level investment guided by no safety and security standards for AI, US critical infrastructure including power plants and the grid, not only aging bridges, is subject to heightened risk. How is the critical infrastructure insured? Is it insured at all? This could be a perfect storm for the U.S. economy.

Read the PropertyEU report from Europe Conference 2024 covering the key topics and speakers from the event. Including top themes from the Conference: On how the industry should stop tackling environmental challenges in isolation, key geopolitical shifts and the inflation outlook as well as Milan status as a global city and much more. Full article in this week's Property EU magazine: https://lnkd.in/ekdfRhSW

Reflections on this year's International Government Communication Forum (IGCF) and the importance of government communicators in inspiring the current and next generation of scientists, farmers and leaders to tackle the multi-dimensional sustainability crises we face. https://lnkd.in/e-6ySMvq

NEW: We're excited to announce the Middle East Transformation Initiative at Center for Strategic and International Studies (CSIS). This new initiative will identify the challenges and opportunities in the transitions that are transforming the Middle East. In this video, we asked leading thinkers (former Iraqi president Dr. Barham Salih, the International Energy Agency's Dr. Fatih Birol, & Harvard University's Prof. Melani Cammett) to discuss what is at stake. As many of you know, the first year will tackle the wide-ranging challenge of #watersecurity in the region and how #civilsociety can push for positive environmental action. https://lnkd.in/etSBT6Gr

Carbon emissions from global value chains are rising faster than from any other sources, especially in Asia and the Pacific. Join us on March 7 at 9 am (GMT+8) to discuss how policymakers can address this environmental challenge while maximizing the economic advantages of globalization. register here ⤵️

Today, Mario Draghi, shared some insights on the report on EU competitiveness that he's preparing: https://lnkd.in/eqYrBPp4 ❌ Europe has had the wrong focus on competitiveness. 🌍 We trusted in the global level playing field and the rules-based international order, expecting that others would do the same. ⚙ We have never had an equivalent “Industrial Deal” at the European Union level, and we are still lacking an overall strategy for how to respond in multiple areas. ⛓ An ambitious climate policy agenda in Europe and hard targets on e-vehicles has to be combined with a plan to secure our supply chain – from critical minerals to batteries to charging infrastructure. We need to act on three axes: 1️⃣ Avoid fragmentation, and enable scale; 2️⃣ Provide public goods, through both public and private investments; 3️⃣  Secure the supply of essential resources and inputs, starting with a comprehensive strategy covering all stages of the critical mineral supply chain.

⚠️ Newly released: a spotlight teaser on the IEU’s evaluation of the GCF’s approach in African Sstates To what extent is the GCF contributing to a paradigm shift towards low emission and climate-resilient development pathways in African States? 🤔   🙋Find out about this and more in the IEU’s latest video which summarises the key findings and recommendations of the Independent Evaluation of the Relevance and Effectiveness of the Green Climate Fund’s Investments in the African States. Credit to Josephine Ngala, Aidyn Kaiyrbekova, Yeonji Kim and Elang Mokgano #ClimateFinance #Evaluations

I did the #voiceover for this newly released #teaservideo on the IEU's independent evaluation of GCF's investments in the African States. I would like to give a shout-out to all IEU members who completed this evaluation, and to Josephine Ngala and Aidyn Kaiyrbekova who produced and edited this teaser. On a related note, I will be sharing key insights from this evaluation and more at the upcoming #unfccc #africaclimateweek. 😀 #climatefinance #Africa #accesstofinance #climateaction #climatechange

Happening Now: Exploring the Carbon Market status in the region at the East Africa Carbon Markets Forum. An extraordinary event shedding light on crucial environmental initiatives. Gratitude to Anete Garoza for the dedication in bringing this together. #EACMF #EastAfricaCarbonMarketForum #Carbonmarkets