By Manuela Andreoni and Ricardo BritoSAO PAULO -Brazilian prosecutors are seeking to annul a $180 million carbon offset scheme to support the conservation of the Amazon rainforest that the state of Para signed last year with a coalition of major corporations and wealthy governments, according to a complaint filed on Tuesday.The lawsuit is a powerful blow to the government of Para, the host of the next global climate summit, known as COP30, as well as the carbon credit industry as a whole, which had been trying to reposition itself after years of facing accusations of abuse and fraud.The state of…
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Brazilian prosecutors are seeking to annul a $180 million carbon offset scheme to support the conservation of the Amazon rainforest that the state of Para signed last year with a coalition of major corporations and wealthy governments, according to a complaint filed on Tuesday. Source link
Brazilian prosecutors are seeking to annul a $180 million carbon offset scheme to support the conservation of the Amazon rainforest that the state of Para signed last year with a coalition of major corporations and wealthy governments, according to a complaint filed on Tuesday.The lawsuit is a powerful blow to the government of Para, the host of the next global climate summit, known as COP30, as well as the carbon credit industry as a whole, which had been trying to reposition itself after years of facing accusations of abuse and fraud.The state of Para holds one of the most vulnerable…
Spain has launched an ambitious €700 million (around $796 million) program to increase its energy storage capacity. This plan will add 2.5 to 3.5 gigawatts (GW) of storage. It includes pumped hydro, thermal energy storage, and battery systems. The goal is to improve how Spain uses renewable energy and to make its electricity grid more reliable and flexible. This article explains what the program involves, how energy storage benefits the grid and environment, the market opportunities it creates, and who will benefit from this major investment. Inside Spain’s €700M Storage Surge The European Commission approved a new support scheme. It…
“Now would be a very good time for Washington to bring back its debt obsession,” said Rogé Karma in The Atlantic. That’s because the perfect storm for turning the federal deficit into a “genuine crisis” has arrived. In recent years, the Federal Reserve has “raised interest rates dramatically in an effort to tame inflation.” Since that means the federal government has to pay higher interest on its bonds, “government payments on debt interest soared to $881 billion in 2024.” That’s more than the U.S. spent last year on national defense. At the same time, President Trump’s tariff policies have led…
Understanding personal finance rules is crucial for anyone looking to secure their financial future, and these principles often intersect with investment strategies in volatile markets like cryptocurrency and stocks. Today, we’re diving into how the foundational ‘7 Personal Finance Rules’—budgeting, emergency funds, debt management, saving, investing, insurance, and retirement planning—can influence trading decisions and correlate with market movements in crypto and stock markets as of October 2023. While personal finance focuses on individual stability, its principles can guide risk management and capital allocation in trading. Let’s analyze how these rules impact trading behavior, market sentiment, and cross-market opportunities, especially with…
The bond market is caught in a tug-of-war between the prospects of pro-growth stimulus from President Trump’s sweeping tax bill and inflationary pressures from tariffs, leaving investors with few clear signals of where the economy is headed and rising long-term yields. “We have policies that on the one hand will boost growth like expansive fiscal stimulus,” Kathy Jones, chief fixed income strategist at Charles Schwab, told Yahoo Finance. “Then we have some that will slow growth, like tariffs. … So the bond market is just caught in the middle.” As of Tuesday, the 30-year Treasury yield (^TYX) hovered near a…
Europe’s top publicly traded companies are stepping up in their climate commitments. They are making strong promises to offset a large part of their greenhouse gas emissions. A new study from the Berlin climate platform goodcarbon shows that 29 of the 50 companies in the EURO STOXX 50 index will buy 81.8 million tonnes of carbon offset credits by 2030. This will help them reach their net-zero goals. This trend shows a change in how companies tackle climate action. They are not just cutting direct emissions. They are also investing in voluntary carbon markets (VCMs) to balance their carbon footprint.…
Parents have been borrowing more to pay for independent school fees as they look to spread the cost of private school fees. Parents were borrowing even before the introduction of VAT this year, which has put more pressure on household finances.The average for parents through School Fee Plan – a finance provider for school fees – rose 11% last year to £21,735. This is 19% higher than two years ago.The total lent last year was around 15% higher than in 2022 and 5% higher compared to 2023. Subscribe to MoneyWeek Subscribe to MoneyWeek today and get your first six magazine…
NuScale Power has won design approval from the U.S. Nuclear Regulatory Commission (NRC) for its upgraded 77 megawatt-electric (MWe) small modular reactor (SMR). This marks a key moment for the U.S. nuclear energy industry. NuScale first submitted its Design Certification Application (DCA) for its 160 MWt (50 MWe) small modular reactor (SMR) design in March 2017. The NRC later approved, making it the first SMR design to earn NRC certification. Thus, this second NRC-approved SMR design builds on NuScale’s previous 50 MWe model. This announcement boosts the push for reliable, low-carbon energy as demand for cleaner electricity grows. NuScale, now…