The Federal Reserve Chairman, Jerome Powell, (click here) has recently stated the economy is not going back to the way it was. The new economy into the future is being welcome within the financial markets.
By Steven Mufson
Greenhouse gases generated by the U.S. economy (click here) will slide 9.2 percent this year, tumbling to the lowest level in at least three decades, a new BloombergNEF study says.
Battered by the coronavirus pandemic, the stalled economy is projected to have generated 5.9 billion metric tons of emissions, about the same level as 1983, according to the private research organization.
As a result, the United States has been inadvertently pushed back on track to meet the commitments the Obama administration made at the Paris climate agreement in December 2015, despite the fact the Trump administration pulled the country out of the pact. Before 2020, the United States had fallen badly behind its targets under the accord....
