Greetings, Quicktake readers! This week, the world's most powerful countries pledge action on Earth Day. Plus: Minneapolis police face more scrutiny after Derek Chauvin was found guilty of murder. Stream now for free. Countries pledge carbon cutsPresident Joe Biden on Thursday convened a virtual summit of 40 world leaders to showcase America's renewed resolve to fight climate change and spur global efforts from allies and adversaries alike. In opening remarks of the Earth Day summit, Biden pledged to cut U.S. greenhouse gas emissions by 50%-52% from 2005 levels by 2030 and encouraged countries to set their own aggressive targets. "No nation can solve this crisis on their own as I know you all fully understand," Biden said. "All of us, all of us and particularly those who represent the world's largest economies, we have to step up." Here's what they pledged: - Australia: PM Scott Morrison announced A$1.5 billion ($1.2 billion) in climate financing focusing on the Pacific region.
- Brazil: President Jair Bolsonaro vowed to end illegal deforestation in the country by 2030 and achieve carbon neutrality by 2050.
- Canada: PM Justin Trudeau raised his country's target for greenhouse gas reductions from 40% to 45% by 2030.
- China: President Xi Jinping said the country would peak carbon emissions by 2030 and attain net-zero status by 2060.
- India: PM Narendra Modi confirmed his country's vow to install 450 gigawatts of renewable energy.
- Japan: PM Yoshihide Suga raised his country's target to a 46% reduction by 2030 from 26% previously.
- Russia: President Vladimir Putin said the country's net emissions would be less than those of the EU over the next three decades.
- South Korea: President Moon Jae In said the country will end public financing of coal-fired power plants overseas.
What to watch if...you're antsy for the pandemic's end. India's Covid tsunami, including the world's biggest-ever one-day jump in new cases, is impacting global growth, supply chains and how portfolios are managed around the world. ...planting trees sounds like a climate fix. The world needs lots of them, but they're no get-out-of-jail-free card for the fossil fuel industry, governments or even individuals unless we first cut carbon emissions. ...you're a budding flexitarian. Health-conscious consumers in Asia are ditching burger analogs for new plant-based protein options, so we went to Singapore's biggest innovation lab where the culinary magic begins. Episodes to binge watch nowOne question, answeredWhat's next for Derek Chauvin? Following his murder conviction in the death of George Floyd, the ex-Minneapolis officer was sent to an isolated wing of Minnesota's only maximum-security prison where he's being held in solitary confinement for 23 hours a day. He'll be sentenced in June. In the meantime, the Justice Department is investigating whether the Minneapolis Police Department engages in a pattern of excessive force and discriminatory conduct. We want to knowDoes WFH make you more productive? Yes, it does, according to a new study, which found remote work will lift productivity in the U.S. economy by 5%, mostly because there's no commute. It also found that 20% of full workdays will be from home after the pandemic. Are you getting more done from your home office? Tell us here. Our favorites of the weekWe launched a 24/7 streaming network to reinvent news with live global coverage and original shows on business, tech, politics and culture. Make sense of the biggest stories changing your business and your world. Stream now for free. |
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