Shanghai Composite (SSEC)

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Nov 08, 2021 21:35

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Blah blah blah? Climate talks kicked off this week in Glasgow, Scotland, with some notable omissions. The leaders of China and Russia didn’t show up. A pact to phase out coal and bring in clean energy didn’t include the U.S. or China, though Italy agreed at the last minute to end overseas fossil fuel funding. Talks on carbon markets stumbled over how much of the $100 billion offset market should be funneled toward countries that need money to adapt to climate change. Pollution-cutting pledges—if met—would put the world on track for 1.8 degrees Celsius of global warming, still above the goal of 1.5 degrees. Activist Greta Thunberg (and thousands of protesters) weren’t impressed. It’s not all bad news, though: India’s surprise pledge to transition to carbon neutrality by 2070 means countries responsible for almost two-thirds of greenhouse-gas emissions now have a net-zero target. But as the 2015 Paris climate accord showed, promises are one thing. Action is another.What you’ll want to

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