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Viewsroom

Is Trump's dealmaking already working?

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 1 December 2016

⏱️ 20 minutes

🧾️ Download transcript

Summary

The president-elect brought in a rare bipartisan player as Treasury secretary, Steven Mnuchin and saved 1,000 jobs in Indiana. But bigger economic challenges await. And he has yet to solve his business conflicts. Elsewhere, Dallas' pension woes put a $4 trillion industry on notice. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:08.0

Welcome to the Views Room, a podcast from Reuters' Breaking Views.

0:12.2

This week, we're devoting the entire show to climate change.

0:15.8

And joining me to discuss the issue is Anthony Curry and Ed Crockley. Both of them are editors at the

0:22.1

commentary division of Reuters and write frequently about climate change and the companies that

0:26.4

are affected. Anthony, let me start with you. We've just had a really alarming warning from

0:32.7

the United Nations. Talk us through what they're telling us. Yeah, sure. Thanks, Svaha. So I would start by saying

0:38.4

we've seen plenty of these warnings before what's come out with this report. It's in the intergovernmental

0:42.5

panel on climate change. It's like 260-odd scientists and 66 different countries who've gone through

0:49.0

all of the various reports over the past six, seven years. I think it's eight years since the last

0:52.8

big report came out from on this particular basis. And they've synthesized the daughter and said this is what we think

0:58.5

is happening and they're attaching a degree of probability to various scenarios. And they've come up with,

1:03.6

well, they've posited five scenarios of how much climate change will impact the world over the next

1:09.4

80 years. And they split it up into the first 20, 30, 40, 50, 60, 70 years.

1:13.5

And they have five different scenarios within that.

1:16.1

And they're saying that the worst the temperature rise gets, and let's not forget that in Paris in 2015 at the climate change conference,

1:22.0

that the so-called conference of parties or COP conference that they had there, there was a commitment from all participants,

1:30.3

or allegedly all participants, to try and limit the average temperature increase from the

1:35.9

pre-industrial period in the 18th century to 2 degrees Celsius, if not indeed, to 1.5 degrees.

1:42.0

And what they've done is said, look, this is what's going to happen under the various scenarios. At what point will we get above 1.5 degrees? And essentially, what

1:47.9

they're saying is there's a very strong likelihood. It's going to breach 1.5 degrees within 20 years

1:54.2

in all the five scenarios they've got if things aren't done properly, as in we don't mitigate

...

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