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UN Climate Summit: The most inconvenient message remains unsaid

December 14, 2018
Analyst:
Ahead of and during the UN Climate Summit at Katowice, the usual warnings were heard, saying that a reduction in global carbon emissions was urgently necessary. However, these political calls are much too vague. Instead, the most inconvenient message remains unsaid: The technologies which are available today and in the foreseeable future will, in all probability, prove insufficient to counteract climate change to the necessary extent and with the necessary speed and, at the same time, allow households to stick to their consumption patterns and continue with the well-established division of labour along international production chains. [more]

More documents about "International"

91 Documents
September 29, 2020
Analyst:
3
During the last few weeks, the German Federal Foreign Office has issued more and more travel warnings for other EU countries on the grounds of rising COVID-19 infection figures. If infections continue to trend upwards or remain high during autumn and winter, the number of travel warnings for EU countries and regions will rise as well during the winter season of 2020/21. And unless policymakers take measures to mitigate the impact, the tourism industry, in particular travel agents in Germany and hospitality providers abroad, will be faced with a similar situation to a new lockdown in the coming weeks and months. Quick and uncomplicated access to reliable coronavirus tests might be an option to allow travelling during the pandemic. The test costs should be borne by the travellers themselves. Ultimately, corona-related health risks will have to be weighed against the impact of higher hurdles for travelling and their negative economic consequences. [more]
July 14, 2020
4
The unemployment rates of teenagers and young adults were already attracting attention during the financial and euro crisis. The corona crisis has again led to massive distortions on the labour markets in many countries. However, the initial development of the official youth unemployment rate was fairly diverse internationally. In some countries the unemployment rate has even fallen sharply. [more]
May 14, 2020
Analyst:
6
Public attention has shifted away from climate change as the coronavirus pandemic has spread. Nevertheless, mitigating climate change and making sure that the growing global population has access to climate-friendly energy remain among the key challenges of this century. These issues will still be on the agenda when the pandemic is over. It is therefore an encouraging sign that many policymakers and corporates have said they will not only take into account, but pay more attention to climate protection when re-opening the economy. The heated discussion about which instruments are best suited to ensure climate protection will continue for years to come, though. [more]
April 22, 2020
8
The economic slump is taking its toll on the banking industry. For the major US banks, profits in Q1 more than halved compared to the prior year, as loan loss reserves jumped. Revenues declined moderately with weakness in interest income and fees and commissions partly compensated for by a jump in trading income. Deposits, loans and other assets surged because clients hoarded liquidity. Banks’ capital ratios fell only somewhat and they remain well capitalised. Banks in Europe may have faced similar trends overall but will probably have benefited less from the supportive trading environment and suffered more from declining capital ratios. They are also handicapped by their much lower starting level in terms of profitability. [more]
January 27, 2020
Analyst:
10
A country’s prosperity is still closely linked to its energy consumption. As 80% of the global energy consumed is based on fossil fuels, high prosperity (measured as GDP per capita) tends to imply high per-capita CO₂ emissions. France is the G20 country which is closest to the goal of being quite prosperous on the one hand and keeping its per-capita carbon emissions relatively low on the other. Nevertheless, France is far from being a climate-neutral economy (which is the political goal). [more]
November 20, 2019
Analyst:
11
Trading volumes in foreign exchange instruments have increased significantly across the board in 2019 compared to the last global FX survey three years ago. Surprisingly, the pivotal role of London as the main trading location was reconfirmed, despite fears around the impact of Brexit. Yet a general move to central clearing might challenge this after the UK leaves the EU. [more]
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