World leaders gathered in Dubai, UAE for COP28 with the aim of curbing climate change from 30th November to 12th December 2023

German sustainability leader Darius Maleki, co-founder of one of the country’s most important business sustainability initiatives, gives us his candid lowdown of more than a week spent at COP28

Arriving at Dubai Airport from Frankfurt, I was impressed to see the amount of buzz around the conference, with dedicated entry points for COP28 delegates, as well as information counters in every corner.

I  made it to the site of Expo City on the morning of 2nd December. At the entrance of the Blue Zone, I was overwhelmed by the diversity of the crowd, all in line to pick up their UN badges.

Darius Maleki in the opening area of the Blue Zone, where formal negotiations involving world leaders, senior climate politicians and scientists take place

The first official event I attended was the DZ Bank x UNECE Conference in the Action Room of the Blue Zone, discussing Transition Finance. Keynote speakers included Dario Liguti and Souad Benkredda, with a summary by Tatiana Molcean revealing concerns about the current 2-degree trajectory, the need for sector-specific plans, and financial institutions’ lack of understanding of or ability to identify these sectors. The session emphasised the importance of financial institutions, especially fund managers, recognising the commercial value of their undertakings for effective scaling. There was a realisation of a technical knowledge gap for private sector scaling, prompting discussions on incentives for private sector funding for transition funds.

Terra – The Sustainability Pavilion at COP28 was designed by UK-based Grimshaw Architects and hosted talks and events around green finance, nature, energy and policy

I approached a UNECE director to discuss how we can scale the technical know-how for the private sector. It is commendable for the government to be ahead, but if they cannot scale alongside the private sector, it may lead to a massive “drag-along,” increasing reluctance from investors and fund managers to follow net-zero activities. There is a need for clear incentives to signal the scaling of private sector funding for transition funds.

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The director’s response was blurry, as they honestly do not know either. However, this signals to foundations like ours that there is a technical knowledge gap that charitable, non-partisan institutions can fill. This realisation opens interesting new opportunities.

Topics covered at this year’s COP included adaptation and resilience, capacity-building, climate finance and climate technology

The interconnectivity of the buildings and areas at COP28 was incredible. Never have I been in a place where every visitor’s wish was fulfilled. From food booths to bikes and shuttles everywhere, we could easily escape the heat while traveling from building to building. For the first three days, I visited countless Country Pavilions in both the Green and Blue zones. I was particularly surprised by the strong presence of Ghana, Vietnam, Iraq, and Japan compared to other big nations.
The topic of sustainability will remain relevant for decades, so we need to prepare ourselves and act as a role model for future generations. Perhaps we should reconsider the term “sustainable transformation” to “sustainable and generational transformation”.

Read more: Ted Janulis of Investable Oceans on his hopes for COP28

For now, I will start by working my way through all the business cards, emails and presentations gathered during my 6 days at COP28. I might need to be prepared for an all-nighter.

Find out more: unfccc.int/cop28

The roof terrace looks out over Notre Dame cathedral

Darius Sanai checks in to the newest luxury hotel in Paris. Does it have the substance to match the style?

It’s a winter’s afternoon in Paris and, laden with big bags from Moynat and Hermès, and a smaller one from JAR, you decide to walk the few blocks from Place Vendôme to the Rue de Louvre, the big wheel of the Tuileries Christmas market appearing and disappearing to your right and Francois Pinault’s Bourse du Commerce museum an apparition in front of you.

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Your arrival at Madame Rêve, the newest luxury star in the unrivalled Parisian swanky hotel galaxy, is a little unexpected – or ours was, anyway. There is no palatial lobby with a concierge desk a marble tennis court distance away from reception. The building is impressive enough, a palace from the Hausmann era, but you enter through a simple door on one corner and are immediately presented with two small reception booths beyond richly mosaiced floor area.

Junior Suite at Madame Rêve

Our receptionists were young, friendly and eager – evidently they had skipped the module of “Parisian hauteur” at hotel school – and soon we were rapidly whisked up via a lift, and two long, right angled corridors named after the streets that they line, to our room. The darkness of the corridors made the surprise of the room even greater: instead of a view across the street to a man in the apartment opposite sipping an espresso and smoking a cigarette afforded by so many Parisian hotels, there were angled skylight-type windows, letting in a sky’s worth of light, and looking over rooftops to the church of Sacré-Coeur on the hill of Montmartre.

Outdoor terrace surrounded by plants in the heart of Paris

Furnishings are delicious, swathed in caramel leather with bespoke throws, rosewood panels and a bathroom and separate toilet room on either side of the vast bed, located so you can prop yourselves up and watch the light change as the sky turns into night.

All rooms are situated along the quadrangle of corridors on the same floor, officially the third floor, but in effect the eighth floor as the lower floor ceilings of this former post office and repository are so high. So, with the exception of a few rooms facing the inner courtyard, every room will have a view, whether of the Eiffel Tower, mid-restoration Notre Dame, or our view of Montmartre.

Light-filled rooms at Madame Rêve

The hotel is celebrated for its rooftop terrace and bar, but this being winter, it was more compelling to have dinner downstairs on the ground floor in the casual chic restaurant/bar Kitchen. We recommend a pre-dinner aperitif seated at the long bar itself, where you can appreciate the wooden panelling and seemingly Eiffel Tower height ceiling of the room, while rubbing shoulders with art collectors and film producers who have made this their local hangout since the place opened a year ago.

Contemporary-classic cuisine at Kitchen by Stephanie Le Quellec

Then, retreat to the lounge style seating all around, order another Negroni and choose from a menu from two Michelin-starred chef Stephanie Le Quellec that blends super-contemporary and traditional, the dishes split into categories like “Healthy Trendy”, “Flashback” and “Gluten Free But Not Vegan”. Roasted cauliflower cacio e pepe style was influsingly spicy, and the Prime Rib of Normand Beef Blazed with Bourbon was served on the bone and had a succulent tang – although the brick-style fries could have had a little more crispness and contrast between skin and interior. A salad of red leaf lettuce with ginger vinaigrette was zingy and uplifting.

Paris has never been wanting for luxury hotels, but until quite recently, the choice of style was fairly constrained to old-fashioned high luxury, aimed at an international private jet and business traveller set rather than a new generation of more stylish and culturally demanding traveller.

Dramatic high ceilings at the ground-floor bar and restaurant, both hot social locations for Parisians

Madame Rêve addresses this, and how? The serving staff are less formal, more the type of people you might imagine bumping into at the right kind of bar, though they do their job just as well as their penguin-suited peers. As with any hotel with an innate sense of style, not built simply to please anyone and everyone, you may disagree with certain touches: we weren’t sure about the darkness of the long corridors on the room floor, for example.

Read more: Hotel Crans Ambassador, Crans-Montana, Switzerland Review

But that only provides even more of a contrast to the lightness and tranquility of the rooms. And did we mention the location? You are minutes’ walk away from the Louvre, the Marais, the Seine and the Pompidou Centre, as well as the retail temples of St Honoré. And when you come back from an exhausting day of meetings or museums, you have one of the most compelling social scenes in Paris inside your own hotel. Chic!

Rates: From £410 per night (approx. €480/$515)

Book your stay: madamereve.com

Darius Sanai