About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “Covid Vaccines and Climate Change Take Center Stage at G-7 Summit” – below is their description.
The world’s richest governments are under mounting pressure to help poor countries fight climate change. At the Group of Seven summit in the U.K., they’ll get a fresh chance to do something about it.
Leaders of the G-7, including U.S. President Joe Biden and German Chancellor Angela Merkel, are meeting in Cornwall, England through Sunday. On the agenda is a discussion of how to help finance a shift to cleaner energy in low-income countries.
Observers are looking for a pledge from the group to steer the recovery from the pandemic in a greener, fairer direction. A draft document seen by Bloomberg News ahead of the summit includes a commitment for each G-7 member to increase its financial contributions to help the poorest countries decarbonize. Specifics are still under discussion. Canadian Prime Minister Justin Trudeau is expected to announce new funding, according to a person familiar with the matter.
In 2009, developed countries pledged to collectively devote $100 billion annually to climate transition in poorer countries by 2020. The latest data show they’ve so far failed to make good on that promise.
Concrete action this week could rally other countries to step up their ambition at this year’s U.N. climate change conference, scheduled to be held in Glasgow in November. The aim, affirmed in the 2015 Paris Agreement on climate change, is to put the world on a path to limiting global temperature increases to less than 2-degrees Celsius, striving for 1.5 degrees if possible.
“Ahead of COP26 in Glasgow, it is important that the most advanced economies send an ambitious message on climate and energy issues,” said European Union Energy Commissioner Kadri Simson. “I expect to see a clear signal from the G-7 summit on the commitment to net zero and a push for accelerated action towards decarbonizing our power systems.”Bloomberg Quicktake: Now YouTube Channel
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In This Story: Climate Change
Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.
Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.
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Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
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The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
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Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
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The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
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In This Story: Joe Biden
Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.