Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg UK

Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Bloomberg Markets European Open

    Bloomberg Markets European Open

    Bloomberg Markets European Open kick starts the trading day, breaking down what's moving markets and why. Francine Lacqua and Tom Mackenzie live from London bring you an action-packed hour of news no investor in Europe can afford to miss.

    Bloomberg Radio

    Bloomberg Daybreak Europe

    Bloomberg Daybreak Europe

    Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.

    Listen

    Quicktake

    Township Yogi

    Township Yogi

    In South African townships oppressed because of unemployment, crime, drugs and violence, and where many of the population are suffering from HIV and Aids, this inspiring feature-length documentary follows the journey of six people who transform themselves through yoga, and documents the impact that yoga has on their families, and communities.

    Also streaming on your TV:

    • Markets
      Markets
      • Economics
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      The Uniper SE Power-to-Gas Falkenhagen Pilot Plant as Energy Giant Posts Loss

      Markets

      European Gas Falls as Buyers Indicate Russian Flows to Continue

      Laboratory Research On Covid-19

      City of London

      UK Regulators Battling Post-Brexit Shortages of Staff and Data

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors

      Follow Bloomberg Markets

      View More Markets
    • Technology
      Technology
      • Work Shifting
      • Code Wars
      • Checkout
      • Prognosis
      General Views of Shanghai As China's Stable Economy Clouded by Property and Export Outlook

      Technology

      China Stocks Pare Declines as Tech Recovers, Automakers Rally

      Inside The SpaceX Headquarters

      Technology

      Twitter Board Says It Plans to Enforce Musk Merger Agreement

      Twitter Races To Unravel How Cyber-Attack Came From Inside

      Deals

      Goldman, JPMorgan Could Get $133 Million for Advising Twitter on Musk Deal

      Follow Bloomberg Technology

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      U.S. President Trump Speaks At NATO Summit

      Politics

      Finland, Sweden Formally Apply to Join NATO in Blow to Russia

      Labor Leader Anthony Albanese Speaks At National Press Club Ahead Of Federal Election

      Politics

      Australian PM’s Rival Wants Closer Ties With ‘Giant’ Indonesia

      Featured

      • Next China

      Follow Bloomberg Politics

      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      Mike Krzyzewski

      Investing

      Duke’s Coach K Was Paid Nearly $14 Million in 2020

      Walmart Stores Ahead Of Earnings Figures

      Wealth

      World’s Richest Family Loses $19 Billion in Walmart Wipeout

      Featured

      • How to Invest

      Follow Bloomberg Wealth

      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      Sotheby's Exhibition of New York Auction Highlights

      Pursuits

      Monet’s Le Grand Canal Sells for Record $56.6 Million

      Butler Scores 41, Heat Take Game 1 From Celtics 118-107

      Pursuits

      Butler Scores 41, Heat Take Game 1 From Celtics 118-107

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022

      Follow Bloomberg Pursuits

      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      FINLAND-NATO-UKRAINE-RUSSIA-CONFLICT

      Andreas Kluth

      Turkey and NATO Prove the Anna Karenina Principle of Alliances

      BRITAIN-RETAIL

      Andrea Felsted

      British Consumers Are Finally Starting to Crack

      GERMANY-HEALTH-VIRUS

      John Authers

      History Says Buying the Dips Is a Dangerous Game

      Follow Bloomberg Opinion

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      UK Fans Worry American Owners Will Tarnish Their Football

      Business

      UK Fans Worry American Owners Will Tarnish Their Football

      Tech’s High-Flying Startup Scene Gets a Crushing Reality Check

      The Big Take

      Tech’s High-Flying Startup Scene Gets a Crushing Reality Check

      China’s Pullback on Lending Stalls Dreams of Rebuilding Nigeria

      Economics

      China’s Pullback on Lending Stalls Dreams of Rebuilding Nigeria

      Follow Bloomberg Businessweek

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      Aspen Pharmacare Holdings Ltd. Anaesthetics & Covid-19 Vaccine Plant

      Equality

      Aspen’s Covid Flop Bodes Ill for Africa Vaccine Making Drive

      Pacific Investment Management Company LLC Advertisement

      Equality

      Pimco Sued Over ‘Fraternity’ Culture by Minority Ex-Workers

      SPAIN-POLITICS-PODEMOS

      Equality

      Plan to Grant Paid Leave for Period Pain Stirs Tensions in Spain

      Follow Bloomberg Equality

      View More Equality
    • Green
      Green
      • Science & Energy
      • Climate Adaptation
      • Finance
      • Politics
      • Culture & Design
      Enagas SA Gas Storage Facility Tour

      Green

      EU Targets Clean Power, LNG in Plan to Slash Russia Dependence

      The $300 Billion Plan to Bring Clean Power to China's Megacities

      Green

      China Is Ready to Make Electricity Out of (Not So) Thin Air

      Featured

      • Data Dash
      • Hyperdrive

      Follow Bloomberg Green

      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      Time zones abstract concept vector illustration.

      Design

      Architects Draft a New Blueprint for a Labor Movement

      Police protest Corky Lee

      Culture

      A Photographer’s Mission to Write Asian Americans Back Into History

      Lincoln Covered Bridge Is Repaired

      Government

      Here’s How to Get Infrastructure Funds to Smaller Cities

      Follow Bloomberg CityLab

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      DAI coin

      Crypto

      DAI Is King Of Decentralized Stablecoins After Terra Collapse

      Bank Of England Sees Fallout on House Prices, Pound From No-Deal Brexit

      Crypto

      Crypto Assets Poorly Understood by Retail Investors, BOE Says

      Inside Bitmain Technologies Ltd.'s Bitcoin Mine

      Crypto

      China Makes a Comeback in Bitcoin Mining Despite Government Ban

      Follow Bloomberg Crypto

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00BIG LANDMARK. THIS WAS BY FAR THE MOST GLOBAL -- AMBITIOUS GLOBAL DEAL EVER. FROM THE EUROPEAN UNION, CHINA, THE U.S.. THIS IS QUITE SERIOUS. THE IMPACT ON ECONOMIES AND BUSINESSES WILL BE REAL, EVEN IF THERE IS SOME BACKSLIDING DOWN THE ROAD. FRANCINE: WHAT DOES IT MEAN FOR BUSINESSES? I LOVE THE WAY YOU PUT IT ON THE HEADLINE ON BLOOMBERG.COM. MA TT: THERE WILL BE A PREMIUM CHARGED IF YOU WANT TO BE IN THE FOSSIL FUEL BUSINESS, AND ENVIRONMENT A PREMIUM. WE HAVE A CARBON PRICE IN THE EU THAT IS A VERY FLAWED SYSTEM. LARGE PARTS OF NORTH AMERICA ARE GOING TO A CARBON PRICE. THERE WERE MORE OF THAT -- THERE WILL BE MORE OF THAT IN CHINA. WHAT THIS MEANS IS THAT INVESTMENT FLOWS TO WHERE THEY WANTED TO FLOW, RENEWABLES. IF YOU LOOK AT THE POWER SECTOR, 65% OF INVESTMENTS WILL GO INTO RENEWABLES OVER THE NEXT 40 YEARS. NO ONE IS TURNING OUT THE LIGHTS AT EXXON MOBIL, BP ANYTIME SOON. YOU'LL PROBABLY GOING TO SEE A PROGRESSIVE SHIFT OF THE CAPITAL , THOSE INVESTOR DOLLARS TOWARD RENEWABLE. FRANCINE: CHINA IS GOING SEVER THE ABOUT THIS AND SETTING ITS OWN TARGETS FOR 2017. HOW WILL CHINA DIFFER FROM BENEFITS WE WILL SEE FROM THIS? MATT: IN CHINA, THERE IS A DIFFERENT SITUATION IN THAT THIS IS STILL A DEVELOPING COUNTRY TO SOME EXTENT. A VERY LARGE AMOUNT OF COAL IS COMES -- CONSUMED THERE EVERY YEAR. THE CHINESE LEADERSHIP HAS SIGNALED THEY DO WANT TO BE AMBITIOUS ON THIS. PART OF THAT IS SIMPLY POPULAR DEMAND. CHINA IS NOT A DEMOCRACY, BUT THERE IS SOME DEMAND A PUBLIC PRESSURE. WHAT WE HAVE SEEN IN BEIJING IN TERMS OF SMOG AND POLLUTION, SMOG AND CLIMATE CHANGE ARE NOT THE SAME THING, BUT THERE IS A REAL ENVIRONMENTAL CONSCIOUSNESS. MORE IMPORTANT, THE CHINESE HAVE FIGURED OUT THIS IS AN AREA OF COMPETITIVE ADVANTAGE FOR THEM, POTENTIALLY. THEY COULD CREATE A WORLD LEADING INDUSTRY IN SOLAR, WIND, ENERGY EFFICIENCY. AS WE HAVE SEEN IN SO MANY OTHER INDUSTRIES, WHEN THE CHINESE GOVERNMENT THINKS THERE IS AN INDUSTRIAL POSITION TO BE CARVED OUT, THEY CAN ACT DECISIVELY TO DO SO. MIKE: IS THIS AN EFFORT THAT HAS TO BE COMPELLED? IF I'M AN AMERICAN CEO, I AM THINKING THE PRESIDENT BRINGS BACK THIS TREATY BUT CONGRESS IS CONTROLLED BY REPUBLICANS WHO DON'T BELIEVE IN IT AND THEY MAY NOT PASS ANYTHING THAT WILL FORCE ME AS A CORPORATE LEADER TO ACT. AM I GOING TO ACT? IS THERE A PAYOFF TO ME? MATT: THERE WERE A COUPLE OF THINGS TO NOTE THERE. ONE IS THAT PRESIDENT OBAMA WAS CAREFUL TO STRUCTURE THE U.S. COMMITMENT IN A WAY THAT HE ARGUES DOES NOT REQUIRE CONGRESSIONAL RATIFICATION. THAT IS THE FIRST THING. THE SECOND THING IS THAT IT WAS AMAZING TO SEE AT THE SUMMIT IN PARIS THE PRESENCE FROM BIG BUSINESS. NOT JUST EUROPEAN OR ASIAN BUSINESS, BUT AMERICAN BUSINESSES. DUPONT, MONSANTO, KELLOGG. DOZENS OF OTHER LARGE AMERICAN COMPANIES ALL THEIR, ALL SAYING THEY WANT TO DO WHAT IS NECESSARY AND IN SOME CASES, THEY SEE OPPORTUNITIES TO MAKE MONEY. DUPONT MAKES TEMPLES WERE SOLAR PANELS. THERE ARE LOTS OF OTHER EXAMPLES -- THEY MAKE CHEMICALS FOR SOLAR PANELS. THE OPINION IS NOT AS MONOLITHIC AS SOME PEOPLE THINK. FRANCINE: HOW MUCH WILL IT CATALYZE IN TERMS OF INVESTMENTS? MY QUESTION FOR GEORGIA'S WITH THE PRICE OF DOLLAR -- OIL AT $34 IS DOES THIS NOT DELAY INVESTMENT CATALYSTS? MATT: IT IS NOT EASY AND CHEAP ALSO FEELS DON'T HELP. THEY WERE COUNTING ON THE PRICE OF OIL WOULD TURN PEOPLE OFF OF FOSSIL FEELS. WE WON'T GET THAT. YOU NEED THE INCENTIVE TO COME FROM THE REGULATORY SIDE. FRANCINE: OIL IS NOT GOING ANYWHERE? GEORGE: FIRST OF ALL, THERE IS AN ISSUE WITH WHAT IS NOT TO LIKE. THE FIRST ISSUE IS THIS ADDRESSES A PROBLEM THAT HUMANITY HAS TO BE CONCERNED ABOUT. THE SECOND IS THAT THIS WILL TAKE A LONG TIME, AS YOU SAY, BUT OVER 20 YEARS, 25 YEARS, DEVELOPING A NEW ENERGY INFRASTRUCTURE, RENEWABLES IS A POWERFUL CATALYST FOR SUSTAINABLE GROWTH. THE HEADWIND INCLUDES CHEAP FOSSIL FUEL. THAT COULD BE A PROBLEM. IT WOULD BE A PROBLEM IN TERMS OF DELAYING OR LEADING TO A MORE PROTRACTED CHANGE. THE PRESSURE THAT YOU ALLUDE TO , INTERNALIZED PRESSURE FROM THE CORPORATE SIDE, IN PARTICULAR, COULD BE QUITE STRONG REGARDLESS. FRANCINE: THANK YOU SO MUCH. MATT CAMPBELL, A REPORTER AT LARGE, AND GEORGE MAGNUS STAYS WITH US. COMING UP NEXT, WE HEAR FROM THE PRESIDENT OF THE WORLD BANK. WE WILL ASK HIM ABOUT HOW MUCH MORE FINANCING THE WORLD BANK WILL DO IN GREEN ENERGY PROJECTS GOOD THAT IS AT 6 P.M. IN NEW YORK, 11:00 A.M. IN LONDON. -- 6:00 A.M. IN NEW YORK.
  • NOW PLAYING

    COP21 Climate Deal: What Does It Mean for Business?

  • 06:39

    Gulf Bank Set for MSCI Inclusion

  • 50:04

    'Bloomberg Daybreak: Middle East' Full Show (05/18/2022)

  • 05:12

    Rizk: We Prefer IG over HY

  • 07:29

    JPMorgan’s Kwang Aims to Double Assets Under Management In Next Few Years

  • 02:27

    UniCredit's Orcel on Russia Exposure

  • 02:58

    UniCredit's Orcel: ‘Inflation Is Biting’

  • 03:38

    Andrea Orcel on ‘Emotional Roller Coaster’ of Santander

  • 01:37:50

    'Bloomberg Daybreak: Asia' Full Show (05/18/2022)

  • 02:37

    China Tech Stocks Slide as Liu He’s Pledges Underwhelm

  • 10:32

    JPMorgan’s Leung Says Business as Usual in China

  • 46:15

    'Bloomberg Markets: China Open' Full Show (05/18/2022)

  • 06:27

    India's Deal Activity May Slow Down: KPMG

  • 06:13

    Trivium Linghao Bao on China's Tech

  • 04:13

    Credit Suisse's Woods on Global Market

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

COP21 Climate Deal: What Does It Mean for Business?

  • TV Shows

  • Bloomberg Surveillance

December 14th, 2015, 10:57 AM GMT+0000


  • More From Bloomberg Surveillance

    • 02:13:34

      'Bloomberg Surveillance Simulcast' Full Show 5/17/2022

      14 hours ago
    • 04:36

      Retail Sales Rise in April Despite Record Inflation

      15 hours ago
    • 04:45

      New Chapter in the Bill Hwang Saga

      16 hours ago
    • 00:50

      Creditsights' Cisar Says Bond Spreads Approaching 'Danger Zone'

      17 hours ago
    All episodes and clips
  • Bloomberg Markets

    "Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens.
    More episodes and clips
    • 07:29

      JPMorgan’s Kwang Aims to Double Assets Under Management In Next Few Years

    • 02:37

      China Tech Stocks Slide as Liu He’s Pledges Underwhelm

    • 10:32

      JPMorgan’s Leung Says Business as Usual in China

  • QuickTake

    Explaining the world with Bloomberg News
    More episodes and clips
    • 01:42

      Ikea to Start Selling Renewable Energy to Homes in Sweden

    • 02:17

      Power of TikTok Shown to Boost Sales

    • 03:03

      Grocery-Store Boom to Outlive Pandemic?

    • 02:45

      Inside the History of Montreal’s Plex Homes

See all shows
Terms of Service Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help