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U.S.-China climate deal lifts hopes as UN talks turn to dollars and cents

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By Jake Spring and Valerie Volcovici GLASGOW (Reuters) – A surprise deal between China and the United States, the world’s two biggest greenhouse gas emitters, has boosted the COP26 U.N. climate summit as it enters two final days of tough bargaining to try to stop global warming becoming catastrophic. Britain’s conference president, Alok Sharma, told delegations that the latest draft conclusions that he had seen showed “significant” progress, but that “we are not there yet”. In particular, he called for more effort on “climate finance” – the perennially vexed question of how much the rich count…

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2022 Markets And Fixed Income Commentary

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