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WTO initiates global task force for carbon pricing

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The World Trade Organization (WTO) has announced the establishment of a global task force focused on carbon pricing.

This initiative, spearheaded by WTO Director-General Ngozi Okonjo-Iweala, aims to address the critical issue of carbon emissions and their impact on global trade.

Carbon pricing has emerged as a crucial tool in reducing greenhouse gas emissions and transitioning to a low-carbon economy.

The newly formed task force will bring together experts, policymakers, and stakeholders from around the world to explore, develop, and implement effective carbon pricing mechanisms on a global scale.

One of the primary objectives of this task force is to assess the feasibility and implications of implementing carbon pricing in international trade agreements.

This development marks a significant step in aligning trade policies with climate goals, as nations strive to meet their emissions reduction targets under the Paris Agreement.

 

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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