Greta Thunberg kicks off renewed youth climate protests


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Teenage environmental activist Greta Thunberg is back. She joined fellow demonstrators outside the Swedish Parliament on Friday to kick off a day of socially distanced global climate protests.

“The main hope is, as always, to try to have an impact on the level of awareness and public opinion so that people will start becoming more aware,” the 17-year-old told reporters.

The coronavirus pandemic has prevented the Fridays for Future movement that Ms Thunberg inspired from holding its mass rallies in recent months, lowering its public profile.

Ms Thunberg started her solo protests outside Sweden’s parliament in Stockholm on August 20, 2018. Students around the world soon began following her lead, staging large protests regularly, and she was invited to speak to political and business leaders at UN conferences and the annual World Economic Forum in Davos.

Ms Thunberg’s blunt words to presidents and prime ministers, peppered with scientific facts about the need to urgently cut greenhouse gas emissions, have won her praise and awards, but also occasional criticism and even death threats.

They demand that lawmakers stick to the 2015 landmark Paris climate deal that asks both rich and poor countries to take action to curb the rise in global temperatures that is melting glaciers, raising sea levels and shifting rainfall patterns. It requires governments to present national plans to reduce emissions in order to limit global temperature rise to well below 2℃.

Thousands of primarily young protesters took to the streets of cities across Germany as part of the Friday for Future protests demanding for more to be done to fight climate change.

In the German capital, thousands rallied outside the landmark Brandenburg Gate despite heavy rain. Many, including local activist Luisa Neubauer, wore masks printed with the words “not another degree.” Elsewhere in Berlin, cyclists rode past the main train station and through downtown in a separate protest.

Outside Frankfurt City Hall, demonstrators held signs with slogans like “Environmental protection, not capitalism,” and “If you breathe air, you should care”.

One young woman held a poster of an ostrich with its head stuck in the ground and its posterior on fire. The poster’s slogan read, “Burying your head in the sand won’t help, your butt will still get hot”.

Thousands more took part in demonstrations in Bonn, Aachen, Cologne and elsewhere as part of some 450 registered protests across Germany.

During an earlier protest in the Arctic, British climate activist and ornithologist Mya-Rose Craig, stood on a piece of ice broken off from the ice cap.

The 18-year-old bird lover and founder of the non-profit Black2Nature said she believes it’s the most northerly climate strike ever. Her group encourages inner-city children from black and ethnic minority backgrounds to explore nature.

“Being on a tiny ice floe like this and just floating in the middle of a sea of slush has really just reminded me how delicate the Arctic is,” she said Sunday from north of the Norwegian archipelago of Svalbard.

“I think the youth strike movement is amazing because it’s brought so much energy to the anti-climate change movement where suddenly hundreds of thousands of young people around the world have a voice and they’re using it.”

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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 May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members

May 20 2020: PM and Carrie attend 'bring your own booze'
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Nov 27 2020: PM gives speech at leaving do for his staff

Dec 10 2020: Staff party held by then-education secretary
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Dec 13 2020: PM and Carrie throw a flat party

Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
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