Nearly 200 nations agree to transition away from fossil fuels, but doubts remain. Challenges of phasing out fossil fuels discussed. Young investors face bleak financial markets. The allure and history of cookery books.
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Quick takeaways
Transitioning away from fossil fuels was agreed upon at the COP28 summit, signaling a landmark moment in global climate diplomacy.
Investors should be cautious about unrealistic expectations for future returns and consider ethical criteria while making investment choices.
Deep dives
Progress on Fossil Fuels at COP28 Conference
After almost three decades of international climate diplomacy, an agreement has finally been reached at the COP28 summit in Dubai to tackle fossil fuels. The UAE, one of the world's largest oil producers, has committed to transitioning away from fossil fuels in energy systems in this critical decade.
Investment Challenges for Young People
Young investors today face challenges in finding promising investment options. Over the past 40 years, the exceptional performance of equity and bond markets may lead to unrealistic expectations for future returns. Holding too much cash and not allocating enough to bonds are common traps. Additionally, considering ethical criteria in investment choices introduces a trade-off between returns and personal values.
The Evocative Power of Cookery Books
Cookery books serve as more than just recipes - they offer glimpses into social anxieties, aspirations, and historical contexts. From centuries-old books of secrets to modern celebrity cookbooks, these literary works conjure up worlds and provide a sense of order and joy amidst life's difficulties and uncertainties.
In a landmark agreement, nearly 200 nations have agreed to transition away from fossil fuels. However, that is not the same as phasing them out. Has the deal done enough? For the young trying to invest, the markets look bleak. But they could make better choices (10:42). And, the allure of cookery books (17:18).
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