Good COP, bad COP? Takeaways from the new UN climate deal
3 years, 1 month ago

Good COP, bad COP? Takeaways from the new UN climate deal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Side deals brokered by host country Britain covered issues such as reversing deforestation, boosting electric vehicles, phasing out coal, clamping down on methane emissions and unlocking investor cash for the fight against climate change. Experts and vulnerable countries have long advocated that threshold, but some nations previously held onto the option of aiming for “well below 2 C.” They also agreed to explicitly target coal use and fossil fuel subsidies, though the original proposals were greatly watered down. NO REPARATIONS Wealthy nations such as the United States and European Union members rejected demands to establish a fund to compensate poor countries for the destruction wrought by climate change, which developed countries are significantly responsible for because of their past emissions. While a compromise was found that proponents say could add trillions of dollars to the battle against climate change, some countries and environmental groups fear the deal left significant loopholes which could undermine the integrity of the system by allowing certain emissions cuts to be counted twice.

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History of this topic

Climate myopia: This year’s CoP was a big disappointment but small surprise
2 weeks, 5 days ago

Climate myopia: This year’s CoP was a big disappointment but small surprise

Live Mint  

The 29th Conference of the Parties to Climate Change came to an end on 24 November 2024 with deep disappointment on the outcomes—not just on finance, but on most other aspects of the agenda. With grossly inadequate mitigation of the crisis, the climate finance that developing countries can legitimately asl for will increase exponentially, leading to continued disappointment from a …

UN climate summits turning dubious deepen crisis
3 weeks, 3 days ago

UN climate summits turning dubious deepen crisis

New Indian Express  

CHENNAI: The COP29 climate conference, hosted in Baku, concluded with palpable disappointment as developed nations committed to mobilising only $300 billion annually for climate action in developing countries. This disappointing outcome exemplifies a larger pattern that has emerged over the past several years with the annual climate summits consistently failing to deliver on their ambitious goals. According to the United …

COP29 in Baku: Oil and money stain climate talks
3 weeks, 3 days ago

COP29 in Baku: Oil and money stain climate talks

New Indian Express  

It is indeed ironical the UN Climate Conference, also known as the Conference of Parties, chooses to hold their jamborees in capitals that are the hub of fossil fuel interests. The World, desperately fighting Climate Change and global warming, held its 200-nation gathering in December 2023 in Dubai; and now COP29 has just concluded in Baku, Azerbaijan – the oldest …

Inside the Frantic Maneuvers That Saved COP29 Talks at a Cost
Trending News
1 month ago

Inside the Frantic Maneuvers That Saved COP29 Talks at a Cost

Live Mint  

-- Negotiations over hundreds of billions of dollars in new climate funding for developing countries had staggered into overtime at COP29 in Azerbaijan. Saudi Arabia’s representative, Albara Tawfiq, said the kingdom opposed bids to “shift” the responsibility for providing climate finance beyond developed countries, shutting down a bid by the EU and US to expand the pool of contributors. Rich …

Cop29 climate deal worth £240BILLION is finally struck but excludes China - as developing countries say the sum is 'too little, too late'
1 month ago

Cop29 climate deal worth £240BILLION is finally struck but excludes China - as developing countries say the sum is 'too little, too late'

Daily Mail  

Wealthy countries yesterday agreed to triple the amount of aid they pay to developing nations to tackle climate change in a last-minute deal at the Cop29 summit. But climate groups labelled the funding agreement, designed to help developing nations combat global warming and to modernise their economies, a ‘drop in the ocean’ of rising seawaters. Yalchin Rafiyev, Azerbaijan's COP29 lead …

The climate deal brokered at Cop29 is disappointing – but it is a start
1 month ago

The climate deal brokered at Cop29 is disappointing – but it is a start

The Independent  

Although the last-minute agreement on climate finance reached at the Cop29 summit in Baku was branded a “betrayal” of developing countries by campaigners, it was much better than no deal. It was less than they wanted, but the agreement called on all parties to mobilise “all public and private sources” to get closer to the poor nations’ demand for $1.3 …

Cop29 climate deal criticised as a ‘death sentence for millions’
1 month ago

Cop29 climate deal criticised as a ‘death sentence for millions’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Campaigners have hit out at a “woefully inadequate” financial package for …

Cop29 secures last minute $300bn climate finance deal as talks saved from collapse
1 month ago

Cop29 secures last minute $300bn climate finance deal as talks saved from collapse

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Activists participated in demonstrations for climate finance at the Cop29 summit “This deal will keep …

After ‘paltry’ funding offers, day of chaos, fury at COP29
1 month ago

After ‘paltry’ funding offers, day of chaos, fury at COP29

Hindustan Times  

Negotiators returned to the table late on Saturday in a last-ditch effort to salvage the COP29 climate talks, hours after dramatic walkouts by developing nations and heated protests threatened to derail the conference entirely. The draft also controversially “encourages” developing country contributions through South-South cooperation while affirming that voluntary contributions won’t affect any party’s development status - language that many …

Cop29 draft deal on verge of collapse as small island nations walk out
1 month ago

Cop29 draft deal on verge of collapse as small island nations walk out

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The latest Cop29 draft deal on climate finance is thought to have been firmly rejected …

COP29: EU and US want to give $300 billion in climate finance
1 month ago

COP29: EU and US want to give $300 billion in climate finance

NL Times  

Rich countries negotiating support for developing countries at the climate summit in Baku are prepared to pay 300 billion dollars a year in climate aid from 2035, sources told Reuters news agency. European Commissioner Wopke Hoekstra says it is "doubtful" whether the climate summit in Azerbaijan will have a successful outcome. COP29 actually ended on Friday, but on Saturday the …

With talks teetering, climate negotiators struck a controversial $300 billion deal
Trending News
1 month ago

With talks teetering, climate negotiators struck a controversial $300 billion deal

NPR  

With talks teetering, climate negotiators struck a controversial $300 billion deal toggle caption Sean Gallup/Getty Images/Getty Images Europe Negotiators at a global climate conference in Baku, Azerbaijan, struck a last-minute deal for wealthy countries to help their poorer neighbors deal with global warming, saving the annual meeting as it verged on collapse. Cedric Schuster, Samoa's minister of natural resources and …

$300-billion-a-year deal for climate cash at U.N. summit sparks outrage for some and hope for others
1 month ago

$300-billion-a-year deal for climate cash at U.N. summit sparks outrage for some and hope for others

LA Times  

Activists call for more spending to fight climate change on Saturday at the COP29 climate summit in Baku, Azerbaijan. “It’s a paltry sum,” said Indian negotiator Chandni Raina, drawing rousing cheers as she repeatedly added that India objected to the deal. Climate Change Executive Secretary Simon Stiell called the deal an “insurance policy for humanity,” adding that, like insurance, “it …

A proposed deal on climate cash at UN summit highlights split between rich and poor nations
1 month ago

A proposed deal on climate cash at UN summit highlights split between rich and poor nations

Associated Press  

BAKU, Azerbaijan — A new draft of a deal on cash to curb and adapt to climate change released Friday at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones. AP AUDIO: A proposed deal on climate cash at UN summit highlights split between rich and poor nations AP correspondent Melina Walling …

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report
1 month, 1 week ago

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report

India Today  

Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on climate finance that had eluded UN talks in Azerbaijan. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. …

Negotiations over climate finance remain deadlocked at UN summit
1 month, 1 week ago

Negotiations over climate finance remain deadlocked at UN summit

Hindustan Times  

With just days remaining at the COP29 climate talks in Baku, negotiations over climate finance remain deadlocked, with developed and developing nations still far apart on both the scale of funding and its fundamental structure, even as Argentina’s withdrawal from the talks casts a shadow over global climate cooperation. Experts say Harjeet Singh, Climate Activist and Global Engagement Director for …

COP29 talks struggle in a year of climate stress and global bickering
1 month, 1 week ago

COP29 talks struggle in a year of climate stress and global bickering

The Hindu  

This year’s U.N. climate summit is struggling to focus minds on the health of the planet, with turbulent geopolitics, a confrontational host and the reelection of U.S. climate skeptic Donald Trump stealing the limelight. On Friday, midway through the two-week summit, a group of former leaders, climate experts and scientists published an open letter calling for the COP process to …

Protesters gather at U.N. climate talks in global day of action as progress on a deal slows
1 month, 1 week ago

Protesters gather at U.N. climate talks in global day of action as progress on a deal slows

LA Times  

Activists demonstrate against fossil fuels at the COP29 U.N. climate summit in Baku, Azerbaijan, on Saturday. “We are dragging our feet as a planet.” A letter signed by former United Nations Secretary-General Ban Ki-moon, former U.N. climate secretary Christiana Figueres and former Irish President Mary Robinson called for “a fundamental overhaul of the COP.” “We need a shift from negotiation …

UN climate talks no longer fit for purpose, say experts
1 month, 1 week ago

UN climate talks no longer fit for purpose, say experts

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Former high-ranking UN officials have written an open letter calling for a complete overhaul of …

Earth’s projected warming hasn’t improved for 3 years. UN climate talks are still pushing
1 month, 1 week ago

Earth’s projected warming hasn’t improved for 3 years. UN climate talks are still pushing

Associated Press  

BAKU, Azerbaijan — For the third straight year, efforts to fight climate change haven’t lowered projections for how hot the world is likely to get — even as countries gather for another round of talks to curb warming, according to an analysis Thursday. “Fossil fuels and emissions are not peaking,” said Sherry Rehman, chair of climate and environment committee in …

Why are countries fighting over climate finance at COP29?
1 month, 1 week ago

Why are countries fighting over climate finance at COP29?

The Hindu  

The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide. Wealthy countries pledged in 2009 to contribute $100 billion a year to help developing nations cope with the costs of a transition to clean energy and adapting to the …

Why are countries fighting over money at COP29 climate summit?
1 month, 1 week ago

Why are countries fighting over money at COP29 climate summit?

India Today  

The United Nations' COP29 climate summit, currently underway in Baku, Azerbaijan, has brought together representatives from nearly 200 countries with a primary goal of brokering a landmark climate finance deal. However, the recent US election results have cast a shadow over the talks, with concerns that a potential Trump administration could halt US climate finance contributions, potentially shrinking the overall …

Action against climate change ‘robust and will endure’ Trump years, UN climate chief tells COP29
1 month, 1 week ago

Action against climate change ‘robust and will endure’ Trump years, UN climate chief tells COP29

Firstpost  

Trump’s election sweep has cast a long shadow over proceedings in Azerbaijan, with concerns that the imminent US withdrawal from the landmark 2015 Paris deal could undermine ambition around the negotiating table Participating world leaders and delegates arrive for a family photo during the United Nations Climate Change Conference in Baku. AFP Global action on climate change “is robust and …

COP29: Climate talks off to rocky start, but carbon mkts mechanism approved
Top News
1 month, 1 week ago

COP29: Climate talks off to rocky start, but carbon mkts mechanism approved

Hindustan Times  

New Delhi: The COP29 climate negotiations opened in Baku on Monday with proceedings stalled for hours over disagreements on key matters on the agenda, but countries later approved new UN standards for international carbon markets in a key step towards allowing countries to trade credits to meet climate targets. By trying to ram through loose standards for dangerous carbon crediting …

Five things to look for at the Cop29 climate summit
1 month, 1 week ago

Five things to look for at the Cop29 climate summit

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The United Nations’ Cop29 climate summit kicks off in Azerbaijan’s capital city on Monday. Department …

United Nations climate negotiations through the years to COP29: Timeline
1 month, 1 week ago

United Nations climate negotiations through the years to COP29: Timeline

The Hindu  

COP29, termed the “climate finance COP,” has one major objective: establishing a concrete financial commitment from developed countries to support climate action in developing nations. As the United Nations climate talks begin in Baku, the primary debate centers on who will provide funding and, more crucially, how much is needed. However, discussions are likely to be tense following the re-election …

Cop29: Activists look to Britain for climate leadership as Trump’s win casts long shadow over crucial UN talks
1 month, 1 week ago

Cop29: Activists look to Britain for climate leadership as Trump’s win casts long shadow over crucial UN talks

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Every year the climate summit produces a treaty agreed by all countries, and this year’s will focus on the …

UN climate talks to focus on money to help poor nations cut carbon pollution
1 month, 2 weeks ago

UN climate talks to focus on money to help poor nations cut carbon pollution

Associated Press  

BAKU, Azerbaijan — A complex international two-week-long game of climate change poker is convening. Curbing and coping with climate change’s worsening heat, floods, droughts and storms will cost trillions of dollars and poor nations just don’t have it, numerous reports and experts calculate. As United Nations climate negotiations started Monday in Baku, Azerbaijan, the chief issue is who must ante …

UN climate talks to focus on money to help poor nations cut carbon pollution
1 month, 2 weeks ago

UN climate talks to focus on money to help poor nations cut carbon pollution

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Curbing and coping with climate change's worsening heat, floods, …

COP29 begins today: What is the point of the UN climate conference?
Trending News
1 month, 2 weeks ago

COP29 begins today: What is the point of the UN climate conference?

India Today  

Tens of thousands of people from around the globe will gather next week for COP29, the annual U.N. climate summit, in Azerbaijan's capital of Baku. Country representatives meet year round to build support for new climate action proposals ahead of the COP, where they can be agreed by consensus of all countries. While each summit is meant to advance global …

Climate action will continue despite Trump’s return, US envoy tells COP29
1 month, 2 weeks ago

Climate action will continue despite Trump’s return, US envoy tells COP29

Al Jazeera  

John Podesta seeks to reassure, countries agree to carbon market rules, and the Taliban is in attendance on first day of climate summit. US climate envoy John Podesta has called on governments to believe in the United States’ clean energy economy, saying President-elect Donald Trump can slow but not stop its climate change pledges. On Monday, during the first day …

The world is “miles short” of its target to limit climate change, UN reports
1 month, 3 weeks ago

The world is “miles short” of its target to limit climate change, UN reports

Salon  

For the world to achieve net-zero carbon emissions by 2050, the 200 countries who signed the Paris climate agreement must hit a target of 43% reduction by 2030. Yet according to a recent report by the United Nations agency tasked with tackling global warming, the planet is currently on track to just hit a measly 2.6% reduction in carbon emissions. …

Climate Crisis: World Paying a Terrifying Price for Inaction, UN Warns
2 months ago

Climate Crisis: World Paying a Terrifying Price for Inaction, UN Warns

Al Jazeera  

UN Secretary-General Antonio Guterres has warned that current climate policies will result in global warming of more than 3 degrees Celsius (5.4 degrees Fahrenheit) by the end of the century. The report also finds that the world faces as much as 3.1C (5.6F) of warming above pre-industrial levels by 2100 if governments do not take greater action on slashing planet-warming …

Why are NDCs important in global climate talks?
2 months, 4 weeks ago

Why are NDCs important in global climate talks?

The Hindu  

In the world’s struggle to halt and reverse climate change, countries periodically report on their plans and progress in bringing down national levels of planet-warming carbon emissions. A country’s NDC describes its national policies or decisions toward reaching net-zero emissions, and was updated every five years until delegates at the 2021 U.N. climate summit, COP26, in Glasgow called for more …

The long road ahead in the battle against global warming
6 months, 4 weeks ago

The long road ahead in the battle against global warming

Hindustan Times  

As record-high temperatures and unprecedented heat waves sweep across Asia, the urgency of addressing global warming has never been clearer. This article explores the impacts of rising temperatures, evaluates the current efforts to combat global warming, and considers the need for enhanced adaptability. Global warming {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Countries across Asia are experiencing record-breaking temperatures and severe heat waves, …

Next UN climate talks are critical to plot aid for poorer nations, says incoming president
8 months ago

Next UN climate talks are critical to plot aid for poorer nations, says incoming president

Associated Press  

WASHINGTON — The man who will run United Nations climate talks this November views the negotiations as a key link in international efforts to curb global warming. The conference in Baku, Azerbaijan, must build on last year’s successful agreement to transition away from fossil fuels, said Mukhtar Babayev, Azerbaijan’s environment minister who will serve as conference president of the talks …

UN climate chief presses for faster action, says humans have 2 years left 'to save the world'
8 months, 2 weeks ago

UN climate chief presses for faster action, says humans have 2 years left 'to save the world'

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

UN climate chief presses for faster action, says humans have 2 years left ‘to save the world’
8 months, 2 weeks ago

UN climate chief presses for faster action, says humans have 2 years left ‘to save the world’

Associated Press  

OXFORD, England — Humanity has only two years left “to save the world” by making dramatic changes in the way it spews heat-trapping emissions and it has even less time to act to get the finances behind such a massive shift, the head of the United Nations climate agency said. With governments of the world facing a 2025 deadline for …

COP hosts call on countries to align NDCs with 1.5 degree C goal
9 months ago

COP hosts call on countries to align NDCs with 1.5 degree C goal

Hindustan Times  

New Delhi: The hosts of the United Nations climate conferences – the United Arab Emirates, Azerbaijan and Brazil – on Wednesday announced to cut emissions in line with limiting global warming to 1.5 degrees Celsius-aligned nationally-determined contributions under the Paris Agreement by early 2025. The Troika in this regard issued a letter to all 198 United Nations Framework Convention on …

Experts at odds over result of UN climate talks in Dubai; ‘Historic,’ ‘pipsqueak’ or something else?
1 year ago

Experts at odds over result of UN climate talks in Dubai; ‘Historic,’ ‘pipsqueak’ or something else?

Associated Press  

DUBAI, United Arab Emirates — The climate negotiations that just finished in Dubai hit upon the essence of compromise, finding common language that nearly 200 countries accepted, at times grudgingly. For the first time in nearly three decades of such talks, the final agreement mentioned fossil fuels — coal, oil and natural gas — as the cause of climate change …

COP28 leaders call for ‘transitioning away’ from fossil fuels in final push at climate talks
1 year ago

COP28 leaders call for ‘transitioning away’ from fossil fuels in final push at climate talks

Live Mint  

DUBAI—Officials from the United Arab Emirates leading talks at the United Nations climate conference proposed a compromise agreement on Wednesday that calls for the world to transition away from fossil fuels, seeking to bridge differences between big energy-producing nations and countries that want to completely phase out coal, oil and natural gas. The proposed deal, circulated after all-night talks, calls …

Will declaration on fossil fuels at UN climate talks lead to action? Consider 5 previous decisions
1 year ago

Will declaration on fossil fuels at UN climate talks lead to action? Consider 5 previous decisions

Associated Press  

DUBAI, United Arab Emirates — United Nations climate negotiators on Wednesday declared the world must transition away from oil, gas and coal, a significant decision by nearly 200 countries in nearly 30 years of climate talks. THE PARIS AGREEMENT It wasn’t until 2015 that a global pact to fight climate change was adopted by nearly 200 nations, which called on …

Agreeing to agree: Everyone must come to consensus at COP28 climate talks, toughening the process
1 year ago

Agreeing to agree: Everyone must come to consensus at COP28 climate talks, toughening the process

Associated Press  

DUBAI, United Arab Emirates — It’s the killer detail in international climate talks: Consensus. “And we’ve seen that over the years.” U.S. Sen. Sheldon Whitehouse, a Democrat from Rhode Island, said the practice of requiring near-unanimity could be fatal: “A small, self-interested minority of states cannot be allowed to block the progress necessary to put our entire planet on a …

Climate negotiators urged to reach agreement on reducing Global warming as COP28 talks near end
1 year ago

Climate negotiators urged to reach agreement on reducing Global warming as COP28 talks near end

Firstpost  

The draft text expresses concern over the gap between the money needed for adaptation and how much countries are getting, but it doesn’t say exactly how much money is needed for the world to adapt to climate change Negotiators have been urged to narrow down their options and agree on how to save Earth from disastrous levels of warming as …

At COP28, pageantry is over and negotiations get intense to save a planet in peril
1 year ago

At COP28, pageantry is over and negotiations get intense to save a planet in peril

Associated Press  

DUBAI, United Arab Emirates — Teams of veteran negotiators fanned out Friday at the United Nations climate conference with orders to get the strongest, most ambitious agreements possible, especially on the central issue of the fading future of fossil fuels for a dangerously warming planet. COP28 President Sultan al-Jaber said he was “quite positive, hopeful and optimistic” that the summit …

After a fast start, COP28 climate talks now in murky middle of hope, roadblocks
1 year ago

After a fast start, COP28 climate talks now in murky middle of hope, roadblocks

The Hindu  

After a first-day blur of rare quick action and agreement, negotiators at a critical United Nations climate summit on December 6 finished up their first week in a more familiar place for them: the murky middle where momentum and roadblocks intertwine. We see big differences between individual states in some areas,” German climate envoy Jennifer Morgan said, “but there is …

5 reasons why COP28, the UN climate talks, are worth your attention
1 year ago

5 reasons why COP28, the UN climate talks, are worth your attention

Associated Press  

DUBAI, United Arab Emirates — Ask most people what the annual U.N. climate talks are and the likely answer will be: “Huh?” Ask those who do know and the answer may be: “Why should I care?” The negotiations, called Conference of Parties, are nearly two weeks long and in their 28th iteration in Dubai. The Paris agreement established a defining …

5 reasons why COP28, the U.N. climate conference, is worth your attention
1 year ago

5 reasons why COP28, the U.N. climate conference, is worth your attention

LA Times  

People walk through the venue at the COP28 U.N. These are plans by individual countries to reduce their use of oil, gas and coal, which produce greenhouse gas emissions that cause climate change, and lay out how they plan to adapt to impacts of extreme weather events. The Paris agreement established a defining goal that has guided climate discussions ever …

COP28 Dubai: What were the gains of past five UN climate summits?
1 year ago

COP28 Dubai: What were the gains of past five UN climate summits?

Al Jazeera  

As COP28 commences in Dubai, here is a look at the major outcomes of the UN’s last five COPs and where they stand. Here is all to know about what happened at the last five climate summits and their impact: COP27 in 2022 Where: Sharm el-Sheikh, Egypt Presidency: Egyptian Foreign Affairs Minister Sameh Shoukry Main outcome: Loss and damages fund …

FAQ: Annual climate negotiations are about to start. Do they matter?
1 year ago

FAQ: Annual climate negotiations are about to start. Do they matter?

NPR  

FAQ: Annual climate negotiations are about to start. "One of the big values of the U.N. process, actually, is that everybody's at the table," says David Waskow, director of the International Climate Initiative at the World Resources Institute. "The needs for climate finance are much, much higher — more on the order of a trillion dollars per year," says Laura …

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