This is the business briefing. Im sally bundock. Deadly heatwaves, wildfires and flooding the catastrophic impact of Climate Change now the un chief focuses on our failure to curb fossil fuels. And fear, pain, disappointment, helplessness and torment, words of huaweis financial chief meng wanzhou penned on the First Anniversary of her detention. And Financial Markets in asia have started december on a bright note better than expected news from chinas Manufacturing Sector boosting optimism in the region. We start with the spate of deadly heatwaves, wildfires and floodings that made calls to fight Climate Change more urgent. The Un Climate Conference gets under way in madrid today, the cop, or conference of parties will see almost 200 countries attending, as well as business leaders. But its a mammoth battle the big target from the Paris Agreement signed three year ago aims to limits Global Temperatures increases to 1. 5c above pre industrial times. Now the cost is huge, too. Advanced ec
We start with Climate Change because European Union leaders have failed to agree a target of zero net greenhouse emissions by 2050. France and germany were among some of the nations pushing for the pledge to go Carbon Neutral into decades but failed to get unanimous agreement at the summit in brussels. This after opposition from some Eastern European countries over the cost to their economies. The eu has already agreed to cut Greenhouse Gas emissions by at least 40 from the 1990 levels by 20 to 30. And there has been some progress here. Emissions from the eu have fallen by 2296 emissions from the eu have fallen by 22 since between 1990 and 2017 but climate Scientists Say that is just not enough. This month, the uk became the very first major economy, really, to make a legal commitment to Carbon Neutrality by 2050. Here is one of the big problems the european reliance on coal. Germany gets 40 of its electricity from coal but plans close all 84 coal fired power stations over the next 20
Yeah. All right, and thanks to you at home for, joining us this hour. I am happy to have you here. When we meet in a parallel universe some day, you and i, where none of this has actually happened, and in o the years afr the obama presidency, turns out, we had a normal president who did awe normal thing on normal time lines within theng bounds normal american politics, when we meet in that parallel universe, you are going to love the tvar show that i had planne and written in its entirety for december 23rd, 2020. It was a great show. Super atinteresting. Did you knowsu that washington, d. C. , just declared tomorrowu be, Anthony Fauci day . Tomorrow is not only christmas eve, it is dr. Faucis 80th birthday. The city of washington, d. C. , where he lives, declared tomorrow Anthony Fauci day in his honor, in thanks for his service to the nation over these decades and through this pandemic. Great story, right . Ive got a lot more on that. Ive got a ton of other stories like that. Ask me a
Virm joins me live when all in starts right now. Good evening from new york. Im chris hayes. Another night of breaking news. For the second night in a row President Trump just issued a shooter of late day pardons. And similar in theme to his pardons thus far in his administration, which has been the politically connected or cronies, among the latest charlie kushner, who just coincidentally happens to be the father of the president s soninlaw jared along with two more people who are wrapped up in the mueller probe, Paul Manafort, the president s 2016 campaign chairman, and roger stone, the president s longtime confidant. Keep in mind both of those individuals didnt cooperate fully with prosecutors. Both of those individuals had pardons dangled in front of them. Obviously tacitly so they would not cooperate. They didnt cooperate. They didnt roll over on the president. The president refused to rule out pardons for them. Paul manafort told rick gates according to the Mueller Report that th
All right. Thanks to you at home for joining us this hour. I am happy to have you here. When we meet in a parallel universe someday, you and i, where none of this has actually happened and in the years after the obama presidency, turns out we had a normal president who did normal things on normal timelines in the bounds of until politics. When we meet in that parallel universe, you had going to love the tv show that i had planned and written in its entirety for december 23rd, 2020. It was a great show, super interesting. Did you know that washington, d. C. Just declared tomorrow to be Anthony Fauci day . Tomorrow is not only christmas eve. It is dr. Faucis 80th birthday. The city of washington, d. C. Where he lives declared tomorrow Anthony Fauci day in his honor and thanks for his service to the nation over these decades and through this pandemic. Great story, right . I got a lot more on that. I got a ton of other stories like that. Ask me another. I will tell you in a parallel univer