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Search resuls for: "Hugo Dixon"


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How West can mobilise trillions to help save Earth
  + stars: | 2022-10-10 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
LONDON, Oct 10 (Reuters Breakingviews) - War, inflation, debt, hunger, energy security and fear of recession will dominate the discussions at the annual meetings of the World Bank and International Monetary Fund this week. America and a group of other countries have given the World Bank until December to come up with a plan. Register now for FREE unlimited access to Reuters.com RegisterThe West has self-interested reasons to mobilise trillions of dollars to help the poorer nations of the so-called Global South transition from fossil fuels. But getting this money to flow to the Global South is tough because investors don’t think the returns on offer justify the risks. It is therefore encouraging that America and other leading shareholders have given the World Bank its marching orders and that Malpass has responded positively.
Ukraine has more pluses than minuses for climate
  + stars: | 2022-09-26 | by ( Hugo Dixon | ) www.reuters.com   time to read: +8 min
This new “dash for gas” could lock in irreversible global warming or create a mass of stranded assets, according to Climate Action Tracker. Register now for FREE unlimited access to Reuters.com RegisterZOMBIE DIPLOMACYAs if this is not enough, climate diplomacy has broken down. Dialogue between Xie Zhenhua and John Kerry, the two countries’ top climate diplomats, created momentum around last year’s COP26 talks. The agency now expects global gas demand between 2021 and 2025 to rise by less than half the amount it previously forecast. The world is heading to at least 2.4 degrees of warming, if not more, according to Climate Action Tracker.
How Italy could tip into a tailspin
  + stars: | 2022-09-19 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
Giorgia Meloni, leader of the far-right Brothers of Italy party, speaks during a rally in Duomo square ahead of the Sept. 25 snap election, in Milan, Italy, September 11, 2022. Italy will probably muddle through under Meloni, the leader of the Brothers of Italy, which opinion polls suggest will be the largest party after this Sunday’s election. Nobody wants Italy to go into a tailspin and drag down countries such as France and Spain, which also have high levels of sovereign debt. She might think the EU would still keep financial support flowing to Italy as it wouldn’t have the guts for a confrontation. But if the ECB then refused to buy Italian debt, and if neither side blinked, there would be a blow-up.
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