(Bloomberg) — Just 5% of more than 4,000 projects in the global carbon-credit market are considered high quality, according to an analysis by MSCI Inc.The findings are the latest blow to the voluntary carbon-credit market, which has struggled amid revelations of offerings that fail to deliver promised emission reductions. In July, the Science Based Targets initiative, the world’s top arbiter of corporate climate goals, said a review that it conducted found most credits “ineffective.”In its research, MSCI said it looked at more than 10,000 documents and one million data points, and applied to each project a variety of criteria to…
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By David ShepardsonWASHINGTON (Reuters) -The U.S. Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security concerns, two sources told Reuters.The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure as well as the potential foreign manipulation of vehicles connected to the internet and navigation systems.The proposed regulation would ban the import and sale of vehicles from China with key communications or automated driving system software or hardware, said the two sources, who declined to…
Image source: Getty Images UK stocks have largely had a terrific run so far this year. But despite the British stock market’s upward trajectory, plenty of cheap shares are still being left behind. Some even pay attractive yields, which opens the door to potentially ample passive income. Take Bioventix (LSE:BVXP) as an example. Year-to-date, shares are actually down almost 13%, raising the biotech group’s yield to 4.2% while dragging the price-to-earnings (P/E) ratio down to 23. The latter may not scream bargain. However, considering that this UK stock has historically traded at a much higher premium, it looks like a…
(Reuters) – Southwest Airlines (NYSE:) has warned employees that it will soon make tough decisions as part of a strategy to restore profits and counter demands from activist investor Elliott Investment Management, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to increase revenue, the report added, citing the transcript of a video message to employees by Chief Operating Officer Andrew Watterson. “I apologize in advance if you as an individual are affected by it,” Watterson said, according to the report, adding that he didn’t offer any details on the pending moves.…
Leaders of Australia, India, Japan and the United States expanded joint security steps in Asia’s trade-rich waters as outgoing U.S. President Joe Biden hosted counterparts from the Quad grouping established due to shared concerns about China. Biden, meeting Japanese Prime Minister Fumio Kishida, Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese near his Delaware hometown on Saturday, stressed the importance of maintaining the Quad, which he sees as a signature foreign policy achievement. He will leave office after the Nov. 5 U.S. presidential election. The leaders announced joint coast guard operations next year that will include Australian,…
Facebook owner Meta (META.O) agreed to buy up to 3.9 million carbon offset credits from Brazilian investment bank BTG Pactual’s forestry arm through 2038, the companies said this week in a statement. They did not disclose the value of the deal. The average price for forestry carbon offsets last week… Source link
It wasn’t long ago that nearly every electric vehicle (EV) stock was soaring in value. In 2021, for example, industry hype was at a fever pitch. Several EV companies — including Rivian Automotive and Lucid Group — debuted on the public markets with great fanfare, while conventional automakers were boasting about plans to aggressively expand their EV lineups.A lot has changed since then. And after a steep industry sell-off, it’s time to go bargain shopping. One iconic EV stock in particular should be capturing your attention right now.Is this famous EV stock finally a bargain?Tesla (NASDAQ: TSLA), the automaker led…
By Timour Azhari and Muhammad Al Gebaly BEIRUT/CAIRO (Reuters) – Israel and Lebanon exchanged heavy fire into Sunday, with Israeli warplanes carrying out the most intense bombardment in almost a year of war across Lebanon’s south, while Hezbollah claimed rocket attacks on military targets in Israel’s north. The Israeli military said it struck around 290 targets on Saturday including thousands of Hezbollah rocket launcher barrels and said it would continue to strike targets of the Iran-backed movement. Israel closed schools and restricted gatherings in many northern areas of the country and the Israeli-occupied Golan Heights early on Sunday. Sirens sounded…
By Sarah Marsh BERLIN (Reuters) – The far-right Alternative for Germany (AfD) is predicted to come first in an election in Brandenburg on Sunday, seeking to build on gains in other eastern states this month and beat Chancellor Olaf Scholz’s Social Democrats in a traditional stronghold. The AfD became the first far-right party to win a state election in Germany since World War Two, in Thuringia, on Sept. 1 and just missed first place in Saxony. It is one of several far-right groups in Europe capitalising on worries over an economic slowdown, immigration and the Ukraine war – concerns that…
Dr. Karma Zuraiqi from RMIT University holds a vial of copper, a key component of the team’s new catalyst. Credit: Michael Quin, RMIT A new way of making ammonia, by harnessing the unique power of liquid metal, could lead to significant cuts in carbon emissions caused by production of the widely-used chemical. Ammonia is used in fertilizer to grow much of our food, but also plays a role in clean energy as a carrier to safely transport hydrogen. The global production of ammonia, however, comes at a high environmental cost: It consumes over 2% of global energy and produces up…