Governments enter the production of fossil fuels against climate goals

Good morning, and welcome to a new economy blog.

The current global fossil production to rhyme with climate goals? The answer is clear no, researchers report in a new one Production Gap Report. The plans to tap new sources of coal, gas and oil does not decrease but rather. If all these plans continue, the world will twice as much co₂ emit when what is needed To limit climate warming to 1.5 degrees above the pre-industrial level-as agreed in the Paris climate agreement.

For this report – from the Stockholm Environment Institute, the Think Tank Climate Analytics and the International Institute for Sustainable Development – researchers analyzed the government plans of the twenty largest fossil producers in the world. These countries, including the United States, Russia and Saudi Arabia, are responsible for 80 percent of global fossil production. Only three countries are planning to reduce their production, while eleven countries that increase. The rest remains the same.

This fell further on this morning:

• It confidence of consumers in the economy Remains unchanged low in September for the third month in a row. It reports that Central Bureau of Statistics (CBS). The score that the Institute calculates for consumer confidence is well below the average of the past twenty years.
• Turkey has terminated a number of import duties on imports from the United StatesReuters reports. These are charges that the country introduced in 2018, at the time in response to taxes imposed by American President Trump in his first term. The input rates applied to a wide range of products including cars, fruit, tobacco and some chemical products.
• Pfizer pharmaceutical heading for a large takeover of anti-obesity medication producer Metsera, worth $ 7.3 billion. The American pharmaceutical tries to obtain a share in the lucrative market for anti-obesity drugs, after his own attempts to develop such a means are delayed, reports the Financial Times.