The Indicator from Planet Money A fraught climate change conference, how are US home builders doing, and more
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Nov 18, 2024 Economic news is buzzing everywhere! The urgent discussions around funding for climate change at COP29 are heating up, with wealthier nations facing tough commitments. Meanwhile, home builders are showing signs of confidence, spurred by trends that hint at a sector recovery. Plus, U.S. manufacturing is experiencing a fascinating resurgence after years of decline, with automation changing the landscape of jobs. Dive into these critical topics and discover the connections that shape our economy!
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Climate Finance at COP29
- Wealthy nations pledged $100 billion yearly by 2020 for climate aid, but missed the mark.
- Now at COP29, they're debating new funding goals and "solidarity levies" on industries like fossil fuels.
COP29 and Paris Agreement Uncertainty
- COP29, the UN climate conference, faces tension as Trump plans to exit the Paris Agreement again.
- Argentina might follow suit, with their president leaving COP29 early for a conservative summit.
Home Builders Confidence Index
- The Home Builders Confidence Index, out this morning, gauges builder sentiment on sales and future prospects.
- Factors like supply chain woes, inflation, and rising borrowing costs have impacted confidence.