The best quote of the Summit so far is from Lord Nicholas Stern, of the London School of Economics “You don’t create jobs for the 21st century by trying to whistle up jobs from the 19th century.”

Nations that cling to fossil fuel economies will get destroyed economically in the near future:

Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said...

Investment firm Schroders said there could be $23tn of global economic losses a year in the long term without rapid action. This permanent economic damage would be almost four times the scale of the impact of the 2008 global financial crisis. Standard and Poor’s rating agency also warned leaders: “Climate change has already started to alter the functioning of our world.”

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