[ad_1] Carbon markets continued to evolve and face criticism in 2024.Mongabay produced a five-part series early in the year that examined the opinions and evidence as to whether the trade of carbon credits is a viable tool to address climate change and halt deforestation.The series examined the players involved, how carbon credit projects affect communities, and the methodologies for determining if efforts have kept the equivalent of a metric ton of carbon dioxide out of the atmosphere.The 2024 U.N. climate conference, COP29, saw several key decisions that affect important provisions for trading credits between countries and on the voluntary carbon…
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[ad_1] Image source: Getty Images 2024 has been quite rough for BP (LSE:BP.) investors, with the share price dropping by nearly a third since April. Year-to-date, the stock is down almost 20%, which seems to be a fairly consistent trend across British energy companies, given the recent softness in oil & gas prices. However, a falling share price also potentially creates a solid jumping-off point for a comeback. And the latest 12-month share price forecasts from analysts suggest that might just happen next year. In fact, one analyst predicts the stock could rise by as much as 70% by this…
[ad_1] Copley Acquisition, a special purpose acquisition company (SPAC) backed by Hong Kong-based investment firms Pacific Aegis Capital Management (PACM), Gobi Partners and Hermitage Capital, plans to raise US$150 million on the New York Stock Exchange (NYSE). The SPAC priced its initial public offering (IPO) of 15 million units at US$10 each, according to its filing to the US Securities and Exchange Commission on Friday. The listing of the SPAC could be in February 2025, subject to regulatory approval. The proceeds will be used to combine with merger targets in the technology and lifestyle sectors in North America and Asia-Pacific,…
[ad_1] BEIJING (Reuters) – China’s domestic demand is gathering pace as cautious consumers increasingly choose to rent items from cameras to handbags rather than buying them, the official People’s Daily said, though government data tell a different story. The rise of the “rent, not buy” model has injected new impetus into the world’s second-largest economy, the paper said in an upbeat commentary on Monday, flagging a trend that provides businesses with a “new perspective”. As China’s domestic demand weakened this year, reluctance to spend has fed a boom in rentals, with internet platforms letting consumers hire a drone, for example,…
[ad_1] Image source: Getty Images JD Sports Fashion (LSE:JD.), the FTSE 100 leisure retailer, looks to be a bit of a bargain to me. For the year ending 1 February 2025 (FY25), analysts are expecting earnings per share of 13.1p. If their predictions prove to be correct, it means the stock’s currently (18 December) trading on a forward price-to-earnings (P/E) ratio of just 7.4. Critics will point out that this earnings figure is only marginally higher than the one reported for FY22 (12.84p). However, at one point in November 2021, the company’s shares were changing hands for 233p. At that…
[ad_1] Brazil is gearing up to kickstart a new “green” industry. The carbon market, which allows companies and countries to offset greenhouse gas (GHG) emissions through the purchase of credits tied to environmental initiatives, is bringing together government, private sector, and academic stakeholders with the common goal of preserving the planet. The new market will come into effect for sectors required to reduce emissions starting from the production of 10,000 tonnes of carbon dioxide (CO2) annually, covering 15% of Brazil’s emissions. It’s estimated that 5,000 companies, with this volume of pollutants, will participate, spanning sectors such as energy and cement…
[ad_1] Investing.com — The U.S. narrowly avoided a government shutdown after Congress passed a spending extension until March 14, 2025, with $100 billion allocated for disaster relief and $30 billion for agricultural aid. But while this measure prevents an immediate crisis, Goldman Sachs warns that larger fiscal issues loom on the horizon. One of the major points of contention – raising the debt limit – was left out of the recent bill. However, Goldman notes that “Republican leaders committed to raise the debt limit by $1.5 trillion next year in a ‘reconciliation’ bill,” which can pass without bipartisan support. This…
[ad_1] LONDON – Lift Global Ventures Plc (AQSE:LFT), an investment company with interests in financial media, technology, and energy sectors, has announced an extension of the New Redemption Date for its portfolio company, Trans-Africa Energy Limited (“TAE”). TAE, which focuses on energy infrastructure projects in Sub-Saharan Africa, is currently in discussions with a Southern African state investor regarding a potential investment. The New Redemption Date, previously set for December 31, 2024, has been pushed back to January 31, 2025. This extension is treated as a related party transaction under AQSE Growth Market Rules due to the involvement of Roy Kelly,…
[ad_1] Many investors are eagerly waiting for Donald Trump to take over as the 47th President of the United States on January 20, 2025 as it is likely to cause a spike in the benchmark indices of US markets. While regulatory roadblocks make investing directly in US stocks seem cumbersome for domestic investors, there’s one easy route i.e., mutual funds.With the availability of a number of exchange-traded funds (ETFs) or fund of funds, one could ride the wave of an eventful bull run by participating in the US market. So, let’s discuss some of these choices and explore how it…
[ad_1] Image source: Getty Images A Santa rally is a phenomenon where stock markets often rise in December as investor optimism increases towards year-end. However, it seems this December has bucked the trend, with most FTSE indexes down by around 3%. The troubles didn’t start there though. A brief rally in late November failed to recover losses after the October budget. Then, a perfect storm of mitigating factors stopped any further growth in its tracks. Supply chain issues, takeover bids and rising energy costs strangled any hopes of recovery. Last week’s hawkish tone from the US Federal Reserve didn’t help…