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2 Top Renewables Plays to Consider Today

Image source: Getty Images Renewable plays are red hot these days. Indeed, the ESG revolution is only just beginning. And investors are looking for ways to get in on the action. Accordingly, I think these top two renewables plays are among the best to consider right now. Let’s dive into why. Northland Power Northland Power (TSX:NPI) is an exceptional investment pick for the long term. The company’s prospects of expanding global offshore renewable power generation in combination with a brilliantly diverse portfolio gives this stock significant momentum in the market. Recently, the company managed to acquire $1.6 billion of renewable projects in Spain and raised equity worth nearly $990 million. Indeed, many investors expect this deal will serve as the perfect launchpad for Northland in the European market. In fact, I think the acquisition is likely to prove fruitful for Northland in more than one way. In particular, the long-term revenue and cash flow grow

Carbon trading could come to New York City under Local Law 97

(Photo illustration by The Real Deal) The year is 2030. New York City landlords, struggling to comply with city-mandated greenhouse gas emission caps, are on the hook for millions of dollars in fines penalties that will only multiply in the coming years. This is the daunting reality that building owners face under Local Law 97. But there is a possible workaround. The city is considering a program that will allow building owners to trade carbon emissions. If implemented, landlords who own buildings with high greenhouse gas emissions will be able to buy credits from lower-emitting building owners to reduce overall emissions. It could also give rise to a market for Wall Street to tap into.

Carbon trading could come to New York City under Local Law 97

Carbon trading could come to New York City under Local Law 97
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