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How we’ve reached a good kind of Climate tipping point

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When we hear about Climate Change it’s often as part of a doomsday narrative.

This approach echoed by modern movements, including youth activist Greta Thunburg’s ‘Strike4Climate.’

“You have stolen my dreams and my childhood with your empty words. And yet I’m one of the lucky ones. People are suffering. People are dying. Entire ecosystems are collapsing,” she said during her 2019 speech to the United Nations.

Climate Change Communication fellow Gabi Mocatta reveals optimism is at a 20-year high.

“We feel that there are lots of reasons now. We are starting towards being at a tipping point towards taking action. This isn’t new research. This is off the back of the developments we’ve seen in Biden’s climate conference,” she told Ticker News Live.

US President Joe Biden gathered 40 world leaders in a virtual summit to push nations towards doing more. It came at a time of policy shift for America on the back of the new administration recommitting to the Paris Agreement target of reducing global warming from exceeding 2℃.

“It’s not something in the future, it’s something that’s here right now”

The US committed to a 50% cut in greenhouse gas emissions reduction on 2005 levels by 2030. The European Union pledged a 55% cut by 2030 on 1990 levels. The UK promised a 78% reduction by 2035.

“We’ve been seeing the effects of climate change. The conversation linking disasters with climate change is now being had. People are seeing there’s a movement and there is understanding that climate change is a real thing,” she said.

“Business is on board. Business understands”

It comes as business leaders start leading the charge. The ‘Taskforce on Climate-related Financial Disclosures’, established by international financial monitor FSB, is now considering climate change mitigation vital to corporations’ due care and diligence.

“Business is doing that. Business understands that there is only one way to move on this and that’s towards a decarbonised economy,” she said.

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Mocatta says while momentum is building, there’s still a lot of work to be done on the global stage.

“We need countries to take it very seriously in the next decade. We need changes to economies in developed countries. New funding in renewable energy. People will have to accept some changes to their lifestyle,” she said.

She says the 2020s are our final chance to act according to science and it’s important nations follow through with their promises.

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China has pledged to “significantly increase” debt to jumpstart its economy

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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