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      Amazon deforestation

      Rampant Tropical Forest Loss Belies COP26 Deforestation Pledge: Report

      "Such losses are a disaster for the climate. They're a disaster for biodiversity. They're a disaster for Indigenous peoples and local communities."

      Brett Wilkins
      Apr 28, 2022

      The destruction of tens of thousands of square miles of Earth's tropical forests in 2021 underscores the challenge of fulfilling a pledge made by nations at last year's United Nations Climate Conference to halt deforestation by the end of the decade, a report published Thursday asserted.

      "We have to dramatically reduce emissions from all sources."

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      Blame US Trade Policy for Sky-High Drug Prices

      Blame US Trade Policy for Sky-High Drug Prices

      Skyrocketing drug prices were a major issue in the 2016 US presidential campaign, and the Trump administration has since announced measures to bring them down. Why, then, is the administration also pushing for intellectual-property rules that give pharmaceutical giants even more price-gouging power?

      Jayati Ghosh
      Jul 10, 2019

      Sharp price increases for essential and life-saving medicines have generated a political backlash against the pharmaceutical industry in the United States. In February, the US Senate Committee on Finance scolded industry representatives for pursuing policies that are "morally repugnant." Since then, 44 US state governments have filed a lawsuit against Israel-based Teva Pharmaceuticals and 19 other companies, alleging conspiracy to stifle competition for generic drugs and illegal profiteering from over 100 different medicines.

      For its part, US President Donald Trump's administration has also announced that it will pursue measures to reduce the prices of drugs, especially those needed to treat America's opioid epidemic. Yet the administration is also trying to export intellectual-property rules that are known to be associated with massive price increases abroad, making basic medicines unaffordable to millions of poor people in developing countries.

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      Opinion
      Citing $69 Trillion Price Tag by 2100, Moody's Warns Central Banks of Far-Reaching Economic Damage of Climate Crisis

      Citing $69 Trillion Price Tag by 2100, Moody's Warns Central Banks of Far-Reaching Economic Damage of Climate Crisis

      "There is no denying it: The longer we wait to take bold action to curb emissions, the higher the costs will be for all of us."

      Jessica Corbett
      Jul 03, 2019

      Noting previous warnings that the human-caused climate crisis could cause trillions of dollars in damage to the global economy by the end of the century, a new report from Moody's Analytics explores the economic implications of the international community's failure to curb planet-warming emissions.

      Moody's Analytics chief economist Mark Zandi told The Washington Post--which first reported on the new analysis--that this is "the first stab at trying to quantify what the macroeconomic consequences might be" of the global climate crisis, and it comes in response to European commercial banks and central banks. The climate emergency is "not a cliff event. It's not a shock to the economy. It's more like a corrosive," Zandi added. But it is "getting weightier with each passing year."

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