How Climate Deal Will Affect Markets

A global deal on combating climate change has been agreed upon by 195 countries in Paris following two weeks of talks.

It includes a target to keep temperature rises below 2°C and strives to curb increases to 1.5°C. Considering the challenges facing humanity, this is a much needed starting point, which will be aided by the stronger action by the developed countries to offer assistance to the States most at risk from the consequences of climate change.

“…Climatologists argue that the pledged emission cuts by nations aren’t by themselves sufficient to achieve those goals”.

While the chart above will update as the most popular queries on Google change, the top five questions on climate change paint a pretty bleak picture: Many American Googlers apparently don’t know what climate change is, aren’t sure that it’s real and don’t get why they should care.

“Recent government announcements have identified a shrinking investment in renewables”. UN Secretary General Ban Ki-moon called the accomplishment, which was announced late Saturday on the last day of the conference, as a demonstration of global cooperation on an unprecedented level.

She said it involved more renewables, pointing to support for offshore wind. Drax blamed the move on the aforementioned changes to green energy policies.

“We have for the first time an agreement that covers the entire globe and binding obligations on all nations to play a constructive role according to their individual circumstances”, Bishop said on Monday.

Corbyn also accused Prime Minister David Cameron of failing to show the leadership that the agreement demanded.

CSE analyses say India will be under constant pressure to take more burden for mitigating climate change by 2020 and beyond, especially when the next review of all the nationally determined contributions of countries take place.

However, Carolyn Fairbairn, director-general of The Confederation of British Industry, expressed some concern about how the agreement will impact businesses.

“It appears to be more about President Obama’s desire to embellish his legacy than making a tangible difference in global temperatures”, the lawmaker said.

Even though many worldwide lenders are turning their backs on financing new coal projects in favour of gas and renewable energy, India should have few difficulties in financing dozens more new mines.