Hello im Adrian Finighan this is counting the cost on aljazeera a weekly look at the world of business and economics this week as campaigners demand the world does more to tackle Climate Change we delve into the multibillion dollar Carbon Trading market is it fit for purpose or are the biggest polluters being given a free pass. Big data and algorithms that discriminates we find out why women and people of color continue to get a raw deal from Silicon Valley plus president putin shunned by the west completes his pivot to the east. Scientists already suggest that the planet may have crossed a series of tipping points that mean Global Warming is unstoppable the European Union has declared a Climate Emergency urging nations to cut Greenhouse Gas emissions to 0 by 2050 the question is how one method is Carbon Trading weve all come across some form of taxes or extra charges for using plastic bags coffee cups and of course the optional Carbon Footprint charges when you buy a flight but this i
Administration to withdraw from the paris climate agreement. Trump begins formal withdrawal from paris trying climate agreement. Potentially wrapping up just one day before the 2020 election. Remind us, what is the paris climate agreement . It is part of the united nate works United Nations agreement to reduce greenhouse kitchens under the notion we have to do something about Climate Change. This paris accord was different than its predecessors and that each country submitted its own nationally determined contribution to reduce Greenhouse Gas emissions. SetObama Administration forth a plan largely based on domestic accreditation that we need to reduce Greenhouse Gas below 2005 levels by 2025. Throughout the years continuing to ratchet down emis sions. Trump camepresident into office he campaigned on withdrawing from the paris climate agreement area it is not news that we are doing this but this is a whole process that takes time. The process for withdrawal has been a threeyear process.
Rbf and barclays to follow. Today, we hear from the cfo of Software Giant sap. Welcome to bloomberg daybreak europe. Has described Boris Johnsons situation this morning looking at a fruit tree but unable to eat or drink anything. He is going to try and put a meaningful vote to parliament today. Speculation is he may have those votes by just 16 in terms of that amendment. And then we look ahead to this week. If we get a vote, we asked whether it will pass. Optimismms to be some in the market. Sterling is softer today but the drop of. 5 , nothing compared to the gain of 5 this month. Votef them saying a was passed this week. , credit of strategists agricole, we could see 136 in the mediumterm. One week volatility staying elevated near the 2016 highs. Manus. Manus that is the conversation we had yesterday. He said a lot of the risk is in the Options Market, not in the spot market. Hard brexit risk runs for the rest of 20 20. Even if he gets a deal over the line because he has a lot of tra
Had called and cheered hong kong as leader faces more calls to step down as politicians disruptor and you will policy address can carry law and hold on to her job and what needs to be done to end 4 months of unrest this is inside story. Hello welcome to the program im so hell robin hong kongs chief executive kerri lam is struggling to maintain public order there have been 4 months of antigovernment protests that have turned violent protesters have been calling on lamb to resign shes refused hoping to move all with a new legislative agenda but it seems shes struggling to do that as well on dry ground now painting. Theres opposition politicians twice shouted down her annual policy speech in the Legislative Council had to resort to giving a pre recorded address through a video link the protest movement has once again calling on her to meet their demands which include direct elections for the citys leader amnesty for arrested demonstrators and an inquiry into Police Actions all 5 demands a
Violence thats why i hope the contest can continue but i hope they will be more peaceful and every time when you have protests if you have 100200000 people turning out it is very good but of course it affects business juris and not how many conferences exhibitions many are cancelled and i think singapore is benefiting from it quite a lot and some people are just sending their money to singapore and elsewhere so so it is better so thats why i hope the Business Community will speak out i hope they will find some courage to speak up because the hotels are empty their restaurants are empty their shops are empty so i think it is hurting badly but kerry len she has to be pushed up this way get into accepting the people who steal my ok let me bring in roderick here because. When you hear sort of the financial hit the whole const taken again somebody else thats been writing in South China Morning Post dr shirley you shes a senior visiting fellow at the London School of economics shes a fellow