Displaying items by tag: carbon
A New Coordinated Initiative to Fight Climate Change
The COP26 summit was last week, and the United Nations climate change conference drew leaders from around the globe to address rising global temperatures and greenhouse gas emissions. On Tuesday the conference pivoted to the role of science and innovation in greenhouse gas reduction. The 23 countries came together to announce four ‘innovation missions’. These missions would undertake projects for new clean technologies, c02 removal and new renewable fuels and chemicals. Global temperatures on a projection to rise by 2.4 degrees celsius by 2030, outpaces the target set by the Paris agreement. French President Macron suggests that nuclear energy be a larger part of the energy production in Europe moving forward in order to combat climate change.
FINSUM: C02 reduction is a growing technology field in the combating climate change and plants are being built around the globe.
ESG is the talk of the town
(New York)
Environmental, social, and governance is the well-known splash in the investment world but…see the full story on Magnifi’s site
European Central Bank Takes on Climate Change
(Brussels)
In the US, the Fed has only started kicking the tires on climate change talks at its regional branches. However…see the full story on our partner Magnifi’s site.
This Solar Company is the Next ESG Powerhouse
(Las Vegas)
ESG may have started as a play from the conscience but as of late it has turned out to be just as potent of play for the wallet. Since the start of the pandemic green power exposed stocks in the S&P 500 such as First Solar, NextEra, Albemarle, LG Chem, and Samsung SDI have averaged 140% return compared to the S&P’s 41%. But the real hidden gem has been at home solar company Sunrun which posted a 212% return over the same time frame. The CEO says its wide base of customers draws in democrats and republicans and boosts demand. It also has dealt with Ford Motor Co. to cooperate on in-home charging for the new F-150 Lightning. It has risks as Tesla and Home Depot are trying to take up market share but Sunrun is the leading market contender.
FINSUM: At-home solar is one of the top plays right now, but wider ETFs could provide the exposure with less risk.
This Sector is at Huge Risk from Biden’s Tax Plan
(Washington)
Treasury Secretary Janet Yellen released bits of the Biden administration's Future Tax plan…see the full story on our partner Magnifi’s site