Adopted after nearly two weeks of hectic negotiations, the first Global Stocktake deal, being termed the UAE consensus, urges countries to accelerate efforts toward the phase-down of unabated coal power, which is a climb down after India and China strongly resisted the singling out of coal.
The fiscal crisis brought about an increased burden on monetary policy and different countries met it in different ways.
Globalisation with small government has not been a successful pairing.
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