Pope Francis and John Kerry, right, shake hands as they pose for a photo at the Vatican, Saturday, May 15, 2021. Former U.S. Secretary of State John Kerry, currently President Biden’s envoy on the climate, met in private audience with Pope Francis on Saturday, afterward calling the pope “a compelling moral authority on the subject of the climate crisis” who has been “ahead of the curve.” Kerry told Vatican News in an interview that the pope speaks with “unique authority, compelling moral authority, that hopefull can push people to greater ambition to get the job done. (Vatican Media via AP)
VATICAN CITY (AP) — John Kerry, President Joe Biden’s climate envoy, met privately with Pope Francis on Saturday, afterward calling the pope a “compelling moral authority on the subject of the climate crisis” who has been “ahead of the curve.”
The former U.S. Secretary of State told Vatican News that the pope's embrace of climate issues “hopefully can push people to greater ambition to get the job done.”
Kerry is visiting European capitals to strengthen cooperation on climate change ahead of the next round of U.N. climate talks in Glasgow this November.
Kerry said United States, the second-largest emitter of greenhouse gases after China, must take a lead in cutting emissions and be joined by other big emitting countries.
“Everybody shares an obligation here. No one country can get this job done. If the United States was at zero emissions tomorrow, we’d still have crisis,” Kerry said.
The United States, which is responsible for 11% of the world's greenhouse gas emissions, has set a target under Biden of reducing emissions over the next decade by 50% to 52%, Kerry said.
Another 20 developed countries are responsible for 73.75% of emissions, he added.
“We need other big emitting countries to step up and also offer some reductions. You can’t just keep going along with a coal-fired power plant or with more coal coming online and really be the part of the solution that we need,’’ Kerry said.
Follow all AP stories on climate change at https://apnews.com/hub/climate.
Featured Article: What is the S&P/ASX 200 Index?7 Semiconductor Stocks Set to Gain From the Chip Shortage
Who knew that something so tiny could create such a big problem? However, that’s the case with the semiconductor industry. Chip manufacturers are facing supply chain disruptions due to the Covid-19 pandemic.
Semiconductors are in high demand for the big tech companies who need the chips to power the servers for their data centers. But they are also needed for much of the technology we take for granted including laptops, tablets, mobile phones, gaming consoles, and automobiles – a sector that seems to be at the root of the current crisis.
Any weekend mechanic knows that even traditional internal combustion cars are heavily reliant on electronics. In fact, electronic parts and components account for 40% of a new, internal combustion vehicle. That’s more than doubled since 2000.
However as it turns out, some manufacturers may have overestimated how soon consumers would be ready for an “all-electric” future. And that meant that they didn’t forecast how much demand there would be for the kind of chips needed to do the mundane, but vital tasks of steering, braking, and even powering windows up and down.
Part of the problem is that U.S. businesses are heavily reliant on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that manufacture these chips. And it comes at a good time. The semiconductor sector is notoriously cyclical and was coming down from the elevated demand for the 5G buildout.
In this special presentation, we’ll give you a list of seven semiconductor companies that you can invest in to take advantage of this opportunity.
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