The European Union (EU) is considering a new plan to help meet its 2040 climate goal. According to sources, the European Commission may allow countries to use international carbon credits under Article 6 of the Paris Agreement. This would be a big change from the EU’s current rule, which says climate targets must be met using domestic actions only. Countdown to 2040: Can the EU Hit Its Green Target in Time? The European Commission has proposed a target to cut EU greenhouse gas emissions by 90% by 2040 compared to 1990 levels. This goal is part of the EU’s plan…
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China’s Ministry of Finance (MoF) issued its first sovereign green bond, denominated in Chinese currency to the value of USD824m, on the London Stock Exchange. This is China’s first green sovereign bond and also its first sovereign bond issued overseas. The move shows China’s rising role in global green finance. This plan started taking shape in early 2024. In January, officials from China and the UK met to discuss green finance. Then, in February, China’s Ministry of Finance released a detailed green bond framework. It explained how the funds raised will contribute to mitigation and adaptation, natural resource protection, pollution…
Akinwumi Adesina, the outgoing president of the African Development Bank, has raised alarms about foreign firms underpaying for carbon credits sourced from African forests.Speaking to The Financial Times, Adesina compared the situation to past land grabs, warning that Africa is being exploited in what he calls “carbon grabs,” Yale Environment 360 reported on Monday.During the U.N. climate summit in Azerbaijan last year, Adesina pointed out the stark price differences for carbon credits.While carbon can fetch as high as $200 per ton in Europe, it can drop to just $3 per ton in Africa.This significant disparity, he argued, results in African…
Open this photo in gallery:The Circle K store on Parliament St. in Toronto’s Cabbagetown neighbourhood,on May 21, 2020.Fred Lum/The Globe and MailCircle K customers can now apply for personal loans at select locations in Ontario, the latest in what experts say is a growing effort by online lenders to make borrowing as convenient as possible.The loans are provided by Canadian fintech company iFinance, part of the Iceberg Finance Group, and currently available at several Circle K stores in Ontario. Customers can scan a QR code to access a digital-only application for loans of $750 to $3,000 with interest rates starting…
A pedestrian passes the seal of the Office of the Comptroller of the Currency (OCC) displayed outside the organization’s headquarters in Washington, D.C., U.S., on Wednesday, March 20, 2019.Andrew Harrer | Bloomberg | Getty ImagesThe Office of the Comptroller of the Currency on Tuesday said that a February hack of its email systems qualified as a “major incident” and exposed “highly sensitive information.”The breach, first disclosed and resolved in February, involved information related to the “financial condition of federally regulated financial institutions used in its examinations and supervisory oversight processes.”The OCC, an agency that regulates and supervises national banks, said that…
SHANGHAI, April 8, 2025 /PRNewswire/ — U Power Limited (NASDAQ:UCAR), a next-generation green smart energy grid innovator, marked a significant milestone in Southeast Asian expansion with a successful outdoor exhibition of its UOTTA battery swap station during the 2025 Bangkok International Motor Show. The cutting-edge infrastructure demonstration attracted widespread industry attention, drawing participation from key partners including SUSCO (Susco Public Company Limited), industry leaders, and over 80 accredited Thai media organizations. The demonstration unit will transition to full commercial service through a joint implementation with SUSCO soon, establishing Southeast Asia’s inaugural operational battery swap infrastructure — a launchpad for rapid…
By Davide Barbuscia NEW YORK (Reuters) – The yield on the benchmark U.S. Treasury bond has fallen dramatically since President Donald Trump took office in January. But one measure of risk embedded in that number has remained positive, in a sign of investor nervousness. The term premium, a component of yields, is a measure of the compensation investors want for the risk of lending money for the life of a 10-year Treasury bond. It has stayed positive even as the yield on the 10-year has fallen about 50 basis points since Trump’s inauguration. A theoretical measure, the term premium captures…
Image source: Getty Images With the FTSE 100 around 11% lower over the past month or so, on this side of the pond at least we are in the territory of a stock market correction (a drop of over 10% in short order) rather than a full-blown crash (20% or more). Even a stock market correction can be unnerving, as many investors see thousands of pounds wiped off the value of their holdings in days. But a crash can be a lot scarier, as we have seen in the past. Still, a stock market crash can actually provide many people…
The U.S. needs more coal to meet growing electricity demand from artificial intelligence data centers and other industries, Energy Secretary Chris Wright said Tuesday.”If we want to grow America’s electricity production meaningfully over the next five or ten years, we [have] got to stop closing coal plants,” Wright told CNBC’s “Money Movers.”The energy secretary’s comments come as President Donald Trump is poised to sign an order Tuesday that will direct the National Energy Dominance Council to classify coal as a critical mineral. The order aims to permit federal agencies to find coal on federal lands and prioritize leases for extraction.The…
Image source: Getty Images The Lloyds Banking Group (LSE: LLOY) share price rising in 2025 seemed like the reward long-suffering shareholders had been waiting for. Except for those of us who were thinking of maybe buying more in the future, that is. We’d hope to buy them as cheaply as possible and offering the best dividend yield. Well, maybe we just got our wish and a renewed buying opportunity. By market close on 7 April, the Lloyds share price had fallen 14% from its 52-week high. And that pushed the forecast dividend yield up close to 5% again. It’s at…