Madam Chair, last Friday saw the conclusion of the 26th United Nations Climate Change Conference, better known as COP26, where 194 countries were represented.

The Conference finally agreed the Paris Rulebook, the guidelines for how the Paris Agreement is implemented, allowing for a full delivery of the landmark accord. It kept the trajectory of a 1.5 degree Celsius increase in temperatures within reach. And has united the world in calling time on coal. This was the first occasion where there has been a worldwide recognition that we will never get climate change under control as long as our power stations are consuming vast quantities of this single biggest cause of carbon emissions.

In addition, the companies that build a quarter of the world’s automobiles have agreed to stop building carbon emission vehicles by 2035 – and cities from Sao Paulo to Seattle have pledged to ban them from their streets. Developed nations agreed to provide enhanced and additional support for activities addressing loss and damage associated with the effects of climate change. Climate finance and development bank investment will be used to trigger significant flows from the private sector to drive big decarbonisation programmes. And a coalition of more than 130 countries has been built to protect up to 90 per cent of our forests, as great natural sequesters of carbon.

Of course, COP26 does not complete the job. Before Paris we were on course for 4 degrees Celsius of global warming. After Paris that number fell to a still catastrophically dangerous 3 degrees. After Glasgow it stands close to 2. Still too high, but closer than we have ever been to the 1.5 degree Celsius safer trajectory.

This year, the OSCE has an opportunity to build on this momentum and agree a new decision that can empower the organisation to act in the face of the greatest threat to security our region faces.

As the UN’s Special Representative for Children and Armed Conflict said during COP26, tackling the climate emergency can contribute to building peaceful and resilient communities, and thereby contribute to the protection of millions of conflict-affected children. The adverse impact of climate change is not the sole cause of conflict but can significantly aggravate fragilities and exacerbate conflict dynamics.

Whether by increasing the scarcity of resources and sharpening competition for them, accelerating desertification, impacting crops, or forcing the displacement of population, climate change exacerbates the risks of instability and conflict.

On gender, Parties agreed to strengthen the implementation of the Gender Action Plan; and the Glasgow Climate Pact encourages Parties to increase the full, meaningful and equal participation of women in climate action and to ensure gender-responsive implementation and means of implementation.

We hope we can agree this year on a decision that recognises these important elements and that both gives this organisation the tools it needs to act, and demonstrates the collective will of participating States on this most pressing of issues. Thank you.

Manchester will be the home of the new Digital Markets Unit (DMU), which has been established to oversee a new regulatory regime for the most powerful digital firms. The DMU’s remit is to promote greater competition and innovation and protect consumers and businesses from unfair practices.

Manchester has been chosen because it offers a diverse and highly-skilled labour market as one of the top locations for digital as well as legal, IT and finance roles. The opportunity for the DMU to build links with local universities also made it an attractive destination.

The DMU will form a Digital Hub alongside the Digital Regulation Co-operation Forum (DRCF).

The CMA Board has also approved a proposal to set up a new CMA Microeconomics Unit (MU) to be co-located with the government’s new Economic Campus in Darlington. The MU will take on the CMA’s existing economic research and evaluation function, produce the annual State of Competition report and carry out research into supply-side reforms to improve productivity.

The CMA’s State of Competition project is also being expanded to consider the impact of competition on consumers at different income levels.

The CMA already has nearly 60 staff working in offices in Edinburgh, Belfast and Cardiff, with an ambition to expand in those locations.

The roles in Manchester and Darlington will be a mix of new and existing positions.

CMA Chief Executive Andrea Coscelli said:

Last year I pledged that the CMA would get closer to the needs of people right across the UK. Since then, we have taken action on issues from refunds on package holidays to tackling excessive pricing on key drugs. Now we are going a step further and bringing our own offices and staff closer to more of the people we serve.

Manchester and Darlington will be ideal locations for our teams whether we’re ensuring fairness in the tech sector or doing vital research to inform future work.

There are bright and talented people everywhere and we want to do our part to give them the opportunities they deserve.

The CMA will now seek suitable accommodation for approximately  50 CMA staff to be based in Manchester initially.

The ambition is for the CMA office in Manchester to comprise more than 200 colleagues by 2025.

Not all CMA digital roles will have to be based in Manchester and there will be opportunities for other professions to be based there too.

While discussions on the Darlington project are at a very early stage the CMA envisages the MU to be around 25 economists.

1. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

2. More information on the DMU is available on the Digital Markets Unit collection page.