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Will New 2020 Climate Change Policies Affect the Market?
(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)
In 2015, more than 190 countries adopted the first accord that asked all countries to join in on the battle against climate change. The long-term objective was to make sure global warming stayed well below 2 degrees Celsius and to lower overall greenhouse gas emissions. To achieve these goals, the countries agreed to set national targets every five years and more than 180 countries have already submitted theirs for the first cycle of 2020.