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Is it time to give up on 1 5°C?

MILAN Net-zero commitments are all the rage. Countries, companies, and others worldwide have committed to eliminating their net greenhouse-gas emissions by a particular date for some, as early as 2030. But net-zero targets are not tantamount to limiting global warming to the Paris climate agreement’s goal of 1.5°ºC or any particular level of warming, for that matter. It

The supply-side fight against inflation

MILAN Central banks’ efforts to contain high and rising inflation are fuelling growth headwinds and threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side measures must also play a

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