The Lighter Side of Investing with Archie

Climate Change Controversy Dominates G20

While Archie shivers miserably with cold in Johannesburg, record high temperatures in Europe are again raising concerns about climate change. 

Indeed, although trade has been the main focus of this year’s G20, the thorniest issue has been climate change – and what to do about it.

Following prolonged debates, the G20 eventually met French President Emmanuel Macron’s demand for a strong reference to the Paris Agreement on reducing greenhouse gas emissions –and also averted the threat of President Trump convincing Turkey and Brazil to join him in withdrawing from the Paris Agreement.

However, a statement of US objections was included….“The United States reiterates its decision to withdraw from the Paris Agreement because it disadvantages American workers and taxpayers”.