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You can find the current article at its original source at https://www.theguardian.com/business/live/2020/jan/24/lagarde-georgieva-thunberg-mnuchin-davos-markets-uk-pmi-business-live
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| Davos 2020: Greta Thunberg blasts climate inaction; Lagarde fears Brexit cliff edge - live updates | Davos 2020: Greta Thunberg blasts climate inaction; Lagarde fears Brexit cliff edge - live updates |
| (32 minutes later) | |
| Rolling coverage of the latest economic and financial news, as climate activists speak at the World Economic Forum | Rolling coverage of the latest economic and financial news, as climate activists speak at the World Economic Forum |
| Instead of a summary, treat yourselves to Larry Elliott’s roundup of what we learned at Davos, including a rather sweet anecdote about Sajid Javid at WEF. | |
| Goodnight! | |
| Here’s our news story on the clash between Christine Lagarde and Steven Mnuchin at the final WEF session: | Here’s our news story on the clash between Christine Lagarde and Steven Mnuchin at the final WEF session: |
| WEF is over! We’re clearing out of Davos -- I’ll try to post a round-up, or more news, if I can.... | WEF is over! We’re clearing out of Davos -- I’ll try to post a round-up, or more news, if I can.... |
| If not, thanks very much for reading our coverage from the World Economic Forum. | If not, thanks very much for reading our coverage from the World Economic Forum. |
| There are some small signs of progress at least - even if things aren’t moving as fast as needed. | There are some small signs of progress at least - even if things aren’t moving as fast as needed. |
| At today’s press conference Isabelle Axelsson said climate activists had been taken more seriously this year than before | At today’s press conference Isabelle Axelsson said climate activists had been taken more seriously this year than before |
| Axelsson added that there is too much media attention on the climate strikers: | Axelsson added that there is too much media attention on the climate strikers: |
| Noted! In that spirit, here’s a new scientific study warning that the climate emergency will create a lot more weather disasters. | Noted! In that spirit, here’s a new scientific study warning that the climate emergency will create a lot more weather disasters. |
| Here are the five climate activists who spoke to reporters in Davos today about the climate emergency. | Here are the five climate activists who spoke to reporters in Davos today about the climate emergency. |
| From left to right, we have Vanessa Nakate, Luisa Neubauer, Greta Thunberg, Isabelle Axelsson and Loukina Tille: | From left to right, we have Vanessa Nakate, Luisa Neubauer, Greta Thunberg, Isabelle Axelsson and Loukina Tille: |
| Elsewhere in Davos, former US vice-president Al Gore has hit out at “cheap, destructive, extractive, exploitive business models”. | Elsewhere in Davos, former US vice-president Al Gore has hit out at “cheap, destructive, extractive, exploitive business models”. |
| In a discussion about tackling plastic waste, Gore says that some firms as using “destructive practices that take advantage of the global commons”.... | In a discussion about tackling plastic waste, Gore says that some firms as using “destructive practices that take advantage of the global commons”.... |
| Here’s a clip of Greta Thunberg criticising world and business leaders for their lack of action.... although she expected nothing less. | Here’s a clip of Greta Thunberg criticising world and business leaders for their lack of action.... although she expected nothing less. |
| And here’s a video clip of today’s climate activists marching through Davos: | And here’s a video clip of today’s climate activists marching through Davos: |
| The “Fridays For Future” protests are now taking place outside the World Economic Forum in Davos. | The “Fridays For Future” protests are now taking place outside the World Economic Forum in Davos. |
| Reminder - if you missed the press conference with Greta Thunberg and fellow activists today you can watch a recording at the top of this blog. | Reminder - if you missed the press conference with Greta Thunberg and fellow activists today you can watch a recording at the top of this blog. |
| IMF chief Kristalina Georgieva cautions that the measures needed to tackle the climate emergency means that some industries will be less profitable in the future. | IMF chief Kristalina Georgieva cautions that the measures needed to tackle the climate emergency means that some industries will be less profitable in the future. |
| Christine Lagarde says the key to mobilising action is to remember the old advertising maxim: | Christine Lagarde says the key to mobilising action is to remember the old advertising maxim: |
| She’s not going to address the first (this is a family liveblog, Christine), but the other two can drive action. | She’s not going to address the first (this is a family liveblog, Christine), but the other two can drive action. |
| Lagarde talks about need to price the cost of transitioning to a low carbon economy. | Lagarde talks about need to price the cost of transitioning to a low carbon economy. |
| If we do that, and we have pressure -- voluntary or no so -voluntary - we can get companies to move faster, she says. | If we do that, and we have pressure -- voluntary or no so -voluntary - we can get companies to move faster, she says. |
| Mnuchin, though, disputes whether green measures can really be priced. | Mnuchin, though, disputes whether green measures can really be priced. |
| We don’t know how to price the risk of climate change, so we’re over-estimating the cost, he claims. | We don’t know how to price the risk of climate change, so we’re over-estimating the cost, he claims. |
| If you want to introduce a carbon tax, then “go ahead” adds the Treasury secretary, adding that a carbon tax is “a tax on hard-working people”. | If you want to introduce a carbon tax, then “go ahead” adds the Treasury secretary, adding that a carbon tax is “a tax on hard-working people”. |
| The panel moves onto climate... and Steve Mnuchin says it is only one of several important issues. | The panel moves onto climate... and Steve Mnuchin says it is only one of several important issues. |
| He cites health (topical, given the coronavirus crisis) and the Middle East -- Iran can’t be allowed to get a nuclear weapon, he insists. | He cites health (topical, given the coronavirus crisis) and the Middle East -- Iran can’t be allowed to get a nuclear weapon, he insists. |
| Mnuchin says Donald Trump does care about clean air and water. He left the Paris Agreement because he felt it wasn’t fair. | Mnuchin says Donald Trump does care about clean air and water. He left the Paris Agreement because he felt it wasn’t fair. |