Difference between revisions of "Stalemate"
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=2011 - 2013= | =2011 - 2013= | ||
The fears of a head turning revelations by IPCC report were floured today after the presentation of the IPCC chief. Although there had been some minor natural disasters spread across the globe, none was potent enough to raise alarms on the affects of climate change. It is a general notion now that earth has tremendous healing powers and any major effects of climate change would require a lot more time.<br> <br> | The fears of a head turning revelations by IPCC report were floured today after the presentation of the IPCC chief. Although there had been some minor natural disasters spread across the globe, none was potent enough to raise alarms on the affects of climate change. It is a general notion now that earth has tremendous healing powers and any major effects of climate change would require a lot more time.<br><br> | ||
There were signs of economic recovery in mid-2010 but the world entered a full scale depression in the early 2011. Ironically, the characteristics of this depression were similar to those of the Japanese one. As the fiscal impetus from the governments was removed, the world saw a dip. The same pattern has been repeating itself for the last three years. Experts now are certain that this is due to the repayment of debt by corporate to match their balance sheets. No one had ever imagined that the sub-prime mortgage crisis would have such a long lasting impact on the western economies. American citizens again voiced their opinion of a quick economic by electing a republican president. As promised by the new US president, the focus of US would still me a more stable and robust economic growth.<br><br> | |||
The Spanish and the Italian bond yields have sky rocketed as those of Germany remain stable. Markets fear a repeat Greece for Spain and Italy in near future. Greece itself is struggling to stay on track of the proposed budget reductions in 2010, causing worries and internal disagreements within the EU. The inconsequential COP summits in the past causing the delay in decision making coupled with serious economic woes have caused the softening of EU stand on taking up emission reductions. The support and the willingness of frustrated Europeans for emission reductions have almost vanished. <br> <br> | The Spanish and the Italian bond yields have sky rocketed as those of Germany remain stable. Markets fear a repeat Greece for Spain and Italy in near future. Greece itself is struggling to stay on track of the proposed budget reductions in 2010, causing worries and internal disagreements within the EU. The inconsequential COP summits in the past causing the delay in decision making coupled with serious economic woes have caused the softening of EU stand on taking up emission reductions. The support and the willingness of frustrated Europeans for emission reductions have almost vanished. Sceptical businesses and cities are moved ahead cautiously while investing in green technology during this period. Cities like Shanghai commissioned several green initiatives while those like London made no such efforts. <br><br> | ||
West focussed on economic recovery, EU losing steam and a BASIC block adamant on growth caused a repeat of | West focussed on economic recovery, EU losing steam and a BASIC block adamant on growth caused a repeat of Cancum at the negotiations in 2013. No consensus on emission reductions is reached and the leaders of the world return to fire up their economies. | ||
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=2014 - 2018= | =2014 - 2018= | ||