Rachel Dobbs, Climate correspondent for The Economist, reports from COP28, where nearly 200 nations reached a historic agreement to transition away from fossil fuels but questions remain about its effectiveness. Josh Roberts, Finance correspondent, discusses strategies for young investors navigating a challenging market, emphasizing ethical investing. Meanwhile, Catherine Nixie shares the rich history and emotional resonance of cookery books, illustrating their role not just in cooking, but in connecting with personal and cultural narratives.
The COP 28 summit achieved a breakthrough agreement to transition away from fossil fuels, marking a significant milestone in combating climate change.
Young investors face challenges in managing their money, such as unrealistic expectations about investment returns and the need to allocate their portfolio wisely.
Deep dives
COP 28 Summit in Dubai reaches historic agreement to phase out fossil fuels
After almost three decades of international climate diplomacy, the COP 28 summit in Dubai achieved a breakthrough agreement to specifically address and transition away from the use of fossil fuels. This is a significant milestone, as fossil fuels, including oil, gas, and coal, have been the primary drivers of greenhouse gas emissions and global temperature rise. Despite compromises in the language and provisions of the agreement, the commitment to move away from fossil fuels in energy systems marks a critical step in combating climate change.
Young investors face challenges and pitfalls in managing their money
Young investors today face unique challenges in managing their money and achieving financial success. The historically high returns from equity and bond markets over the past 40 years are unlikely to be sustained in the long run. This poses a danger for young investors who may have unrealistic expectations about investment returns. Additionally, holding excessive amounts of cash can hinder long-term wealth growth, while neglecting to allocate enough of their portfolio to bonds can be detrimental. However, young investors also have advantages, such as better access to financial information, low-cost investment options, and user-friendly investment platforms.
The enduring appeal and fascinating history of cookery books
Cookery books have long captivated readers with their mix of practicality, magic, and social aspirations. From early recipe collections that blended culinary advice with sorcery to contemporary books that transport readers to different cultures and eras, cookery books evoke worlds through their pages. They reflect social anxieties, catering to the aspirations of the rising middle class and even offering guidance to those on the decline. Cookery books not only teach readers about food but also offer insights into society, providing comfort, order, and a sense of joy amidst life's challenges.
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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