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Markets & Forecasts

Pressure mounts for action on emissions

Last month’s UN Climate Action Summit heard louder calls for greater action in the fight against climate change Last month’s UN Climate Action Summit heard louder calls for greater action in the fight against climate change.
By Catriona Scott 7 October 2019 World / Policy & Regulation 0 34654
The United States and China - the world’s most profilic emitters of carbon - have widely contrasting strategies on countering emissions. (Pixabay)

Global leaders met at the UN Climate Action Summit in New York in late September, where they were challenged to increase their efforts to reduce carbon emissions. Although the pressure is mounting on all countries and especially the world’s major economies, China and the United States were a focus for increased action.

The two countries are the world’s largest emitters of carbon but have widely contrasting strategies on countering emissions. China – which is now the world’s largest emitter – said in June that its nationally...