In March 2024, Yale School of Management students had the opportunity to learn about an emerging product category at the cutting edge of sustainability and finance – carbon insurance. Social Impact Lab hosted James Kench, Head of Insurance at Kita, for a lunch-and-learn session about the opportunities and challenges present in the carbon insurance market.As James explained, insurance is essential to unlock financing for decarbonization projects. Achieving net-zero goals requires massive investment and these investments are typically in the form of carbon credits. But without suitable insurance products to manage risks, investors are more reluctant to buy carbon credits. James…
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Desia has raised $3.3 million in pre-seed funding to fund the development and growth of its artificial intelligence (AI) applications for productivity, automation and analytics in the financial investment industry. The company’s product employs AI to help investment professionals use data and information in an automated manner, Desia said in a Tuesday (Sept. 24) press release. “I recall sifting through data and information until the early hours during my time at Goldman Sachs in order to make fully informed decisions and strategies,” Raffaele Terrone, co-founder and CEO of Desia, said in the release. “With Desia the whole process would have been more…
BNP Paribas head of sustainability research Trevor Allen joins Julie Hyman on Market Domination Overtime to discuss the state of sustainability-focused investing and how investors can approach solar energy and electric vehicle (EV) plays.Allen tells Yahoo Finance he is “absolutely seeing as much interest in the market” with investors considering sustainability. He says, “We really need to start to depoliticize the issue [of sustainable energy], and the reason that solar and wind have really become attractive, particularly for utilities, is that they’re economically competitive with natural gas or with nuclear” in China, Europe, and the US.Allen says that a diversified…
Indian steel and metal companies are reportedly increasingly securing renewable energy deals to reduce carbon emissions and avoid penalties under the European Carbon Border Adjustment Mechanism (CBAM). There is growing pressure within India’s large steel and aluminum producers to adopt renewable energy and sustainable methods to help lower carbon emissions and the demand is now extending throughout the industry’s supply chain segment. Leading stainless-steel manufacturers in India are reportedly experimenting with alternative fuels, including green hydrogen and biochar, to lower their carbon emissions. Businesses in India estimate that the earliest that new solar and wind projects can be delivered is…
The US Justice Department went after Visa (V) on Tuesday in a federal antitrust lawsuit alleging that the company illegally used the scale of its vast card processing network to block competition.Visa owns and controls the largest debit card processing network in the US, which processes more than 60% of the nation’s debit card transactions.According to the DOJ, Visa leveraged its ecosystem of consumers, banks, and merchants to penalize merchants for choosing an alternate debit network.“Collectively … Visa’s systematic efforts to limit competition for debit transactions have resulted in significant additional fees imposed on American consumers and businesses and slowed…
Image source: The Motley Fool People tell us how great billionaire investor Warren Buffett is. But we don’t hear many going on about the things he’s done wrong in his career. “Just think of the money we could have today if we hadn’t fallen into all those Warren Buffett traps“, we never hear. To be fair, he has achieved an average annual return of 19.8% from shares in his Berkshire Hathaway investing company. And it’s not a one-off, or just for a few years. No, that’s his average from 1964 to 2023. Cracking return In that time, the US S&P…
As artificial intelligence (AI) is taking over industries, its impact on global copper demand is becoming increasingly evident. BHP, the world’s largest mining company, has warned that AI’s growth and clean energy transition could aggravate an already looming copper shortage. With copper’s critical role in powering data centers, EVs, and renewable energy systems, the metal’s future availability is a growing global concern. BHP Predicts Soaring Copper Demand in The Future BHP’s chief financial officer Vandita Pant has reported to Financial Times that the company predicts the global demand for copper to soar by 72% by 2050. This clearly shows a…
POPLAR BLUFF, Mo. (KFVS) – The Economic Development Administration is awarding a $1 million grant to Three Rivers College.“The Biden-Harris Administration’s Investing in America agenda is focused on providing all communities with the opportunities and resources they need to thrive in today’s economy while preparing them for success in the future,” Secretary of Commerce Gina Raimondo said in a news release.New Bootheel Technical Training CenterThe grant will provide equipment for the new Bootheel Technical Training Center to support hands-on workforce training in electrical, HVAC, manufacturing, and welding trades.This EDA investment will be matched with $250,000 in local funds.“This EDA investment…
The Fed’s aggressive September rate cut could prove a boon to small-cap businesses in the months ahead, should a soft landing be achieved. Source link
Eagle Point Credit Management LLC and its affiliate Eagle Point DIF GP I LLC have recently sold a significant amount of preferred stock in ACRES Commercial Realty Corp. (NYSE:ACR), according to the latest filings. The transactions, which took place on September 20 and September 23, 2024, resulted in the sale of two different series of preferred stock, totaling over $540,000. The sales included 8.625% Series C Preferred Stock and 7.875% Series D Preferred Stock. On September 20, Eagle Point entities sold 6,675 shares of the Series C Preferred Stock at an average price of $25.21 per share and 10,400 shares…