Financing climate change... an air-conditioned nightmare

... voluntary goals of reducing carbon emissions the result of which, some experts say will, ostensibly, save the planet for future generations. But we no longer live in the economic and geopolitical reality that existed two years ago, when then-president Barack Obama said his administration's support for the voluntary accord makes the United States “the world leader in fighting climate change.” The annualized price for a barrel of OPEC crude had just lost nearly half its value, tumbling from $96.29 in 2014 to $49.49 in 2015. Earning less revenue from its own oil exports Moscow attempted to calibrate its economic strategy based ...