Climate change: Virtual summit of 40 world leaders

Joe Biden to reveal US emissions pledge

Joe Biden faces a key test of his commitment to climate action this week, when he sets out his core plans for tackling the climate crisis and calls on all of the world’s major economies to join him in bold action to slash greenhouse gas emissions in the next ten years. The US president has made the climate emergency one of his administration’s top priorities, and stated that clean growth must be the route for the US to rebound from the coronavirus crisis.

Biden and his climate envoy, John Kerry, will host a virtual summit of 40 world leaders to discuss the climate crisis and seek new commitments from the world’s biggest carbon emitters to fulfil the 2015 Paris agreement. At the meeting, or shortly before, the US is expected to unveil its national plan for cutting greenhouse gas emissions over the next 10 years. If the plan – which the Paris accord refers to as a nationally determined contribution or NDC – is bold enough, and other countries follow suit, the world has a chance of meeting the Paris goals and avoiding dangerous levels of heating. If not, it will face a deepening climate crisis as carbon emissions rebound from their lull during the pandemic.

https://www.theguardian.com/

Solar Energy Is Likely to Get a Boost This Year

Not All Stocks Will Benefit

Solar energy should get a boost this year with a new administration focused on encouraging renewable energy. But not all solar firm stocks will benefit. Goldman Sachs cut First Solar (FSLR) to Sell with an $81 price target, seeing a 16% drop from Monday’s closing price after rising 61% over one year.

At the same time, Goldman raised Enphase Energy (ENPH) to Buy with a $232 price target, a 32% gain from Monday’s close after rising 513% over one year. It’s a tale of two growth stories, the bank said.

First Solar’s earnings and revenue have already peaked for this cycle, Goldman analyst Brian Lee said in a note on Monday night. Margins are expected to peak in the first half of this year. First Solar is expected to report year-end 2020 profit of $3.62 a share, but the estimate for year-end 2021 is $3.44, according to FactSet. Year-end revenue is estimated to be $2.8 billion, which is running slightly below the $3 billion forecast for year-end 2021.

https://www.barrons.com/

Global finance

 

Nouriel Roubini on Threats to the Global Economy. By Peter Coy … I see a world that is very interconnected in many ways, and it's not just the economic and financial and the trading lanes, but it is also policy, political and geopolitical. On the …
http://kiranresources.com/new/ — Mon, 13 Aug 2012 23:00:26 -0700

 

MBMG is a global financial advisory service. Speaking to The Nation in an exclusive interview, Gambles said it was not possible to predict the exact time of the global economic collapse, as it would depend on what financial event triggers it, …
http://www.nationmultimedia.com/business/ — Mon, 13 Aug 2012 22:53:19 -0700

 

An article in the Telegraph reported that Gordon Brown would want “to see the IMF reformed to become a 'global central bank' closely monitoring the international economy and financial system.”[2]. On October 17, 2008, Prime Minister Gordon …
http://eniaiometopopaideias.wordpress.com/ — Mon, 13 Aug 2012 22:31:13 -0700

 

The insurance industry performs two distinct roles in the global economy—risk management and investment—making it both subject to the impacts of climate change and an essential driver of climate action. As risk experts, insurers have special … Engaging Ceres constituents (including investors, NGOs and Ceres companies) by highlighting the financial risks and opportunities related to climate change and insurance/risk management; • Advocating for comprehensive insurance …

 

time, complacent Englishman probably did not expect the global economic environment, within the next few years have seen dramatic changes. Financial crisis, the European debt crisis has erupted, with the UK economy and the global …
http://www.king4game.com/ — Mon, 13 Aug 2012 20:31:44 -0700

 

20120814 1051 Global Economy Related News. … The G20 countries will try and co-ordinate a response to surging food prices after droughts wilted crops in the world's top farm exporter, the Financial Times said, citing unidentified officials.
http://futurescorner.blogspot.com/ — Mon, 13 Aug 2012 19:51:00 -0700

 

Australian and global Financial News. Just another WordPress site … UK economy can't get out of the blocks. August 14, 2012 By News Leave a Comment. UK economy can't get out of the blocksThe UK does not have a globally competitive and large-scale sector that can take a lead and drive a recovery unlike say mining in Australia or Canada, manufacturing in Germany or China or technology and finance in the US. The recovery will need to be … Read more at Business Spectator.
http://www.ichoice.com.au/news/ — Mon, 13 Aug 2012 19:40:28 -0700