The global net-zero goals set out by the Paris Agreement are still within reach — but achieving them will require a $100 trillion investment, according to a new report by BNY Mellon Investment Management and Fathom Consulting. That amount equates to around 15% of all global investment or 3% of global GDP over the next 30 years in order to achieve net zero emissions by 2050 and limit warming to 2 degrees Celsius or below, per the Paris Agreement Accord established in 2015. And the more… Source link
Read More »BNY Mellon Wealth Management CEO
Retail sales data released on Thursday showed a massive spike in purchases last month that nearly doubled economist expectations, fueling optimism about the COVID-19 recovery as widespread vaccination takes hold and businesses reopen. News of the spending boom came days after data revealed a jump in consumer prices last month, heightening inflation fears among some observers like former Treasury Secretary Larry Summers, who warned that the U.S. is “doing roughly everything you can do to… Source link
Read More »