New research from BeZero Carbon has found that over 200 million carbon credits could be eligible for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), but their quality varies widely.The study projects that between 2024 and 2026, the market value of airline-purchased credits under CORSIA could surpass $2 billion—nearly triple the annual transacted value of the voluntary carbon market (VCM), BeZero said in a statement on Tuesday.Aviation currently contributes 2.5% of global greenhouse gas emissions, a share expected to grow as air travel increases and fossil fuel alternatives remain limited.To address this, the International Civil Aviation Organization (ICAO)…
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Andy’s Mall is the result of the first payment made by Guyana’s government to the Indigenous people of the Kako area, who are proud to say that they were the last to give in and sign the contract with the government that determined the conversion of their forests into carbon credits, sold to the Hess Corporation, an American oil company. Source link
(Bloomberg) — Interest rate hikes from the Bank of Japan should help cut currency protection costs for Japanese investors, spurring their appetite for US investment-grade corporate bonds, according to Bank of America Corp. Most Read from Bloomberg The BOJ raised its key policy rate last month to the highest level since 2008 amid projections for higher inflation, fueling expectations for further rate hikes and a flatter yield curve for Japanese government bonds. That ought to lower foreign exchange hedging costs and improve the relative value of US high-grade bonds, stimulating Japanese demand for them, BofA strategists including Yuri Seliger wrote…
Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024.Gabby Jones | Bloomberg | Getty ImagesWalmart is known for its low prices and no frills approach.So it may come as a surprise that wealthier shoppers are helping to fuel the retailer’s growth.For more than two years, the discounter has noticed more customers with six-figure incomes shopping on its website and in its stores. Households earning more than $100,000 made up 75% of the company’s market share gains in the fiscal third quarter, Walmart CEO Doug McMillon said on the company’s earnings call in November.Those newer and more…
Saudi Arabia is making history with the world’s largest grid-scale battery energy storage project. BYD Energy Storage has signed a 12.5 GWh contract with the Saudi Electricity Company (SEC), bringing their total collaboration to 15.1 GWh. This big project will help Saudi Arabia reach its Vision 2030 goals. It will boost renewable energy use and ensure a steady power supply. What Is a Battery Energy Storage System? A Battery Energy Storage System (BESS) is a technology that stores electricity for later use. It helps balance the power grid by storing excess energy when production is high and releasing it when…
BHP reported strong financial results for the half-year ending December 31, 2024. Demand for copper is rising due to renewables and electric vehicles (EVs). Thus, the company is focused on boosting copper production. Notably, BHP aims for sustainable mining that balances growth with environmental care and low emissions. BHP Reports Strong Half-Year Financial Results The financial report showcased strong margins and steady cash flow led to an interim dividend of 50 US cents per share, totaling $2.5 billion. BHP Chief Executive Officer, Mike Henry explained, “BHP reported a strong financial performance for the half-year, underpinned by safe and reliable operations…
If national governments across the globe are prepared to put minimising the climate threat ahead of protecting the fossil fuel industry, they will have to make major changes to how the net zero concept is being applied. This will require carbon offsetting to be brought in line with its intended application, and a consequential major reduction in its use. The Paris Agreement calls for a balance between sinks and sources of emissions in order to achieve global net zero. The aim of net zero emissions is to reduce greenhouse gases going into the atmosphere as close to zero as possible,…
As climate change intensifies, nations and industries are seeking innovative ways to cut carbon footprints. Carbon credits have emerged as a key tool in this effort. Planting new trees also generates carbon credits. Apart from this, trees reduce carbon dioxide, restore ecosystems and biodiversity, and combat desertification. MIT’s Climate Portal studied that in 2021, the U.S. released 5.6 billion tons of CO2. To absorb that, over 30 million hectares of trees—about the size of New Mexico are need. It estimated: A hectare of trees can absorb 50 tons of carbon, which equals about 180 tons of CO2 in the atmosphere.…
There’s a new scorecard by which to measure President Donald Trump ‘s economic prowess, according to Gavekal Research. Roughly one month into Trump’s return to the White House, the president’s economic goals are taking shape, notably across three key measures that have been elevated: long-dated Treasury yields, the U.S. dollar and oil prices. Theoretically, a suppression across those three measures should drive a surge in U.S. economic growth, which is what Trump is seeking, but that could be more challenging than anticipated, wrote Louis-Vincent Gave, CEO at Gavekal Research. “These three goals are understandable. An environment of low yields, low…
Image source: Getty Images The country’s biggest dividend payers, by dint of their size, are FTSE 100 firms. But that does not mean that FTSE 250 firms do not spend a fair bit of cash on paying dividends to shareholders. Some FTSE 250 shares have attractive dividend yields. For example, one that has a well-known and well-established business currently yields 9.5%. Investing £1,000 today and compounding it at 9.5% annually for a decade, it would already have grown to £2,478. That sort of (potential) dividend gold mine is tempting for me – but is this the right share for me…