New UN rules would give local communities more power to object to carbon credit projects. The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets. The agreement reached at the COP29 climate summit was hailed as a breakthrough after nearly a decade of complex negotiations over the rules for trading carbon credits. UN climate chief Simon Stiell said carbon markets would be a “game-changing tool” for poorer countries, but opponents say the use of credits does not change the behavior of…
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Insurance company Aviva (LSE: AV) looks like a potential bargain at the moment. The Aviva share price-to-earnings (P/E) ratio is just 9. When I see a blue-chip company that has a P/E ratio in single digits, it can grab my attention. But that is only one valuation metric, so as an investor it is important to take a rounded view of a company’s valuation. Earnings are inconsistent For starters, what is that P/E ratio based on? Last year, Aviva’s basic earnings per share came in at 37.7p. But the prior year, the company recorded negative basic earnings per share of…
The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets. The agreement reached at the COP29 climate summit was hailed as a breakthrough after nearly a decade of complex negotiations over the rules for trading carbon credits. UN climate chief Simon Stiell said carbon markets would be a “game-changing tool” for poorer countries, but opponents say the use of credits does not change the behaviour of big polluters. – Carbon trading – In carbon markets, one credit equals a tonne of…
The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets. Source link
The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets.The agreement reached at the COP29 climate summit was hailed as a breakthrough after nearly a decade of complex negotiations over the rules for trading carbon credits.UN climate chief Simon Stiell said carbon markets would be a “game-changing tool” for poorer countries, but opponents say the use of credits does not change the behaviour of big polluters. – Carbon trading -In carbon markets, one credit equals a tonne of planet-heating carbon dioxide…
Saba Capital Management, L.P., a prominent investment firm, has sold 72,769 shares of Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP), according to a recent SEC filing. The transaction, which took place on November 8, 2024, was executed at a price of $11.84 per share, totaling approximately $861,584. Following this sale, Saba Capital Management holds 5,024,639 shares in the fund. The transaction was signed off by Boaz Weinstein and Zachary Gindes on behalf of Saba Capital Management. InvestingPro Insights While Saba Capital Management has reduced its position in Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP), individual investors might find the fund’s…
Deutsche Bank anticipates more tailwinds ahead for Tesla under the incoming Trump administration. Shares of the electric vehicle behemoth have rallied nearly 37% in November and topped $1 trillion in market value last week for the first time in two years as investors bet that CEO Elon’s Musk close relationship with President-elect Donald Trump will bode well for the company. TSLA YTD mountain Shares this year Musk is already making strides in his alliance with Trump. Deutsche Bank analyst Edison Yu said in a Tuesday report that if Vice President-elect JD Vance were to “take the reins” after Trump, Musk…
Image source: Getty Images Shopify (NYSE: SHOP) has been a fabulous growth stock to own recently. Today, it has risen a whopping 25% on the back of its Q3 earnings. Is it too late to buy after this monumental gain? Let’s discuss. This stock is volatile I bought this stock for my own portfolio back in early 2021. And since then, it has been a wild ride. By late 2021, I was up about 50%. However, the stock then tanked in 2022, leaving me sitting on a loss of about 75%. I was pretty confident in the long-term story associated…
It’s easy to match the overall market return by buying an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. Investors in Bonterra Energy Corp. (TSE:BNE) have tasted that bitter downside in the last year, as the share price dropped 50%. That’s disappointing when you consider the market returned 28%. We note that it has not been easy for shareholders over three years, either; the share price is down 47% in that time. Shareholders have had an even rougher run lately, with the share price down 29% in the last 90 days. So…
Apple investors were treated to unwelcome news by the company’s management. Source link