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BBCNEWS Business Briefing July 14, 2024

Around the world. We start in the finnish capital, helsinki, where Climate Change is top of the agenda for eu finance ministers as they meet over the next two days. The European Union wants to be the first major economy to go climate neutral by 2050. One of the big ideas under discussion reforming the tax system to give more incentives to clean energy and penalise fossil fuel use. Researchers are warning that 7 of global gdp will be wiped out by the end of the century if no action is taken to reduce carbon emissions. Governments have pledged to limit Global Warming to 1. 5 degrees centigrade above pre industrial levels. That is considered the threshold before dangerous changes to the worlds climate take place. The uks committee on Climate Change has warned it is 50 50 whether we will be able to achieve that. And it is going to cost a lot 2. 1; trillion of investment in clean energy every year for the next decade and a half, according to un estimates. But there are also big opportunitie

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