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Those 1.47 trillion dollars in reverse repos are there for the banks to hold low-risk assets on their balance sheets, giving them the ability to increase the risky assets. Since the repos are rolled over every night, they probably don't have to put up any margin.
The oil, gas, and coal production plans of some of the world's biggest oil, gas, and coal producers far exceed the emissions targets set in the Paris Agreement on Climate Change, a UN report has warned.
The report by the United Nations Environmental Program found that 15 big fossil fuel producers intended to produce 110 percent more oil, coal, and gas in 2030 than is consistent with the Paris Agreement's scenario for limiting rising temperatures to 1.5 degrees from the pre-industrial era, and 45 percent more than is consistent with the 2-degree scenario.
What's more, the world's big fossil fuel producers plan to continue raising oil and gas production over the next twenty years. On top of that, coal production is seen declining only marginally, according to the authors of the report. This is even more out of sync with Paris Agreement targets, the report warned.