Paris Climate Agreement Won’t Change the Climate

The Paris Climate Agreement will cost at least $1 trillion per year, and climate activists say it will save the planet. The truth? It won’t do anything for the planet, but it will make everyone poorer–except politicians and environmentalists. Bjorn Lomborg explains.

G20 Finance Leaders Don’t Dwell on Germany’s Trade Surpluses

WASHINGTON — Group of 20 finance officials didn’t dwell on Germany’s large current-account surpluses at their meeting in the U.S. capitol on Thursday, German Finance-Minister Wolfgang Schaeuble said Friday.

Germany’s persistent trade surpluses have become a hot topic in top economic circles after they were criticized by the new Trump administration.

But Mr. Schaeuble said at a news conference that the topic didn’t come up at a gathering of G20 finance officials, although he said it was discussed in bilateral meetings.

Bundesbank President Jens Weidmann warned at the same press event against any measures that could harm global trade.