<
https://theconversation.com/global-markets-are-likely-to-withstand-a-trump-led-us-withdrawal-from-the-paris-agreement-244917>
"As the climate crisis deepens, the need for global action becomes greater than
ever. Central to this effort is the goal of achieving net zero emissions by
2050, to meet the Paris Agreement to limit global warming.
So far 145 countries, collectively responsible for 90% of emissions, have
committed to net zero targets or are actively considering them. But what if
countries withdraw from their commitments, as US President-elect Donald Trump
appears intent to do?
Our new research examined how net-zero announcements from the United States,
United Kingdom and China affected global financial markets. We studied how
traders in global markets reacted to these announcements. We found markets
responded positively in each case through both a change in the volume of trade
and variations in prices.
Overall, our study showed decisive climate action from the US, UK and China
increased global momentum toward net zero – so much so that backsliding by the
US will not derail the effort."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
