OPEC Fund Quarterly - 2025 Q2

REVI EW

A mythical frame for our climate race Out of curiosity, we asked our Microsoft Copilot to reimagine the 2,000- year-old “Great Race” of China, recasting the mythical animals onto contemporary regions. Though far from scientific, it shows how friendly competition can be mapped to mythology – from pioneering Americans to persevering Europeans to the growing resilience of the Global South. It’s also a constructive counterpoint to Western sagas. The Vikings had their Ragnarok a thousand years ago. Now we have Mad Max, set in a not-too-distant future, where climate survivors fight it out in high- octane battles over fuel and water. All death, doom and dystopia. Crucially, our Copilot agrees with Wagner: “The actual outcome of global efforts to combat climate change depends on the collective actions of many countries. Ultimately, the ‘winner’ in the climate race will be determined by how effectively countries collaborate and implement sustainable practices to protect our planet. It’s a global effort where every nation’s contribution is vital.”

According to legend, the Jade Emperor

held a contest to decide which animals would be included in the Chinese calendar. The winner of the race – the Rat – received the first year of the 12-year cycle.

China

USA

Dragon:

Horse:

Despite its awesome appearance, the Dragon is portrayed as a helper and protector. According to the mythical story, it could have easily won the race, but instead stopped to help people and animals in need. Transposed to the present day, it represents a powerful influence and leadership in global climate initiatives.

The Horse’s story highlights how

unexpected challenges can arise (in the form of the Snake), even for the strongest and fastest competitors. It embodies a pioneering and energetic spirit, leading in technological advancements and climate initiatives.

Ox:

Rooster:

Global South

European Union

The Ox’s story highlights its strength, reliability and willingness to help others, even if it means not coming in first. It embodies

Demonstrating initiative and inclusiveness, the Rooster found the raft and invited the Goat and Monkey to get on board. Countries across the Global South are sharing knowledge, pooling resources and investing billions of dollars into climate adaptation and mitigation measures.

hard work and perseverance in pushing for environmental regulations.

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