2 clever countries

AFP

Veteran observers of UN climate talks were stunned by the state of play nearly 24 hours after the negotiations had been due to close. “I have never seen such a disconnect between what the science requires and the people of the world demand, versus what the climate negotiations are delivering,” Alden Meyer, strategy and policy director at the Union of Concerned Scientists, told AFP. Alexandria Villasenor, a 14-year-old climate activist, said she was “disappointed” in the lack of action at COP 25. “The difference between the youth on the streets and the negotiations is that the youth on the streets are acting with urgency,” she told AFP. “COP 25 has failed us and it’s another year of failure.”

China and India, the world’s No. 1 and No. 4 carbon emitters, have made it clear they see no need to improve on their current emissions reduction plans, which run to 2030. These emerging giants have chosen instead to emphasize the historical responsibility of rich nations to lead the way and provide financing

We’re reminded by China and India of a movie question.

Bonus unfun: the wise and good come together to kill fracking.

One Response to “2 clever countries”

  1. feeblemind Says:

    10 years from Lehman. And nothing has been fixed.

    “Alas, the imbalances that plagued the world economy before 2008, are even larger now. Debt in the world economy is considerable higher and the extended use unorthodox policies of the central banks have created a platform for speculation of an unprecedented scale. The ‘lost decade’ of Japan shows very clearly that policies, which save everybody and provide the banks with almost endless liquidity, lead to a ‘zombified’ banking and business sectors unable to grow and are in a constant risk of failure. Now, this is a global issue.

    GFC was not born out of void. The imbalances and risks were visible before the crisis hit. It was born out of a combination of speculation, regulatory failures, moral hazard and incentives to get into debt. Very little has been done to fix these issues and, in some cases, even the opposite has materialized. This policy of “more of the same” has the potential to bring down the global economy in the future. The cure may well turn out to be worse than the disease.”

    https://gnseconomics.com/2018/09/14/10-years-from-lehman-and-nothing-has-been-fixed/

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