As we know, the emerging countries complain because the advanced countries want to impose strict limits on their emissions, having themselves pumped countless megatonnes of CO2 into the atmosphere from the beginning of the industrial revolution until today.25 The emerging economies say that they are only willing to adopt certain standards in exchange for cash transfers from the rich countries that are insisting on imposing them.
Additional rate hikes and the reduction of its balance sheet by the US Federal Reserve, as well as political uncertainties in major countries and geopolitical risks related to North Korea, can also at times lead to increased financial market volatility and even work to limit our growth.