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...LGIM said the best measure to drive down global emissions would be an effective carbon price, whether through a direct tax, a cap and trade mechanism or government subsidies for greener sources of energy...
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...Business confidence remains low and foreign direct investment has shrunk sharply. What can China do to boost confidence?...
...Price levels would rocket due to a massive injection of liquidity in the global financial system, as a result of defensive actions such as central bank bailouts....
...A similar approach could be taken to maintain the supply of refined fuels....
...The event’s president, Sultan al-Jaber, has set the objective of agreeing actions that could limit global warming to 1.5C....
...“We will be closing in on those individuals,” said Biggar, adding that agencies had frozen about 200 cryptocurrency accounts and seized a “wealth of data” to fuel the investigation....
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...“Just as a healthy person often has a strong immune system, the Chinese economy can handle ups and downs in its performance....
...The main headwind for the global trading system has come in the form of a breakdown of the WTO’s dispute resolution system since 2019....
...It ran nearly 24 hours over schedule and headlines centred on 34 agonisingly crafted words in the final text that called on countries to shift away from fossil fuels in energy systems....
...Given the recent sharp deterioration in economic momentum, the time is ripe for action....
...Frida Kieninger, director of EU affairs at Food & Water Action Europe, an environmental group, described the selection as a “wish list coming true” for the fossil fuel industry....
...However, for others, the causal link is rarely so direct....
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...Fossil fuel companies and investors have filed numerous ISDS cases, totalling billions....
...Fossil fuels Formed from the remains of plants and animals over millions of years. The main fossil fuels are coal, petroleum and natural gas....
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...In that fleeting period, we have managed to unleash striking greenhouse gas warming, which is already affecting critical climate systems....
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