Joe Biden and Boris Johnson agree on one key point. Solar, wind power and other renewable energies will play a vital role in the battle against climate change.
With other world leaders, the pair are pledging to move towards net zero – the cherished goal of a balance between the amount of carbon emitted into the atmosphere by the fossil fuels we burn – coal, gas and oil – and the amount that can be removed from it.
For investors, it has gained added urgency after Big Oil this week suffered a big backlash. A court in the Netherlands ordered Shell to slash its carbon emissions at a faster rate than it planned and Exxon shareholders defied the management and elected two new board members from a hedge fund who have warned against its dependence on fossil fuels.
VERBUND AG: Results for quarter 1/2021: earnings down slightly due to lower water supply
DGAP-News: VERBUND AG / Key word(s): Quarter Results
12.05.2021 / 07:58
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The energy market environment, which is vitally important for our business, continued to improve in recent months in spite of the COVID-19 crisis. Wholesale electricity prices, one of the main value drivers of VERBUND s business performance, increased on the back of rising prices for CO
2 emission rights, which are being pushed up by the strong commitment of the EU member states to achieving comprehensive decarbonisation of the energy system. This favourable development underpins VERBUND s business model and will allow us to implement an ambitious and sustainable investment programme over the next three years. The investments will focus on further strengthening the Austrian high-voltage grid - a key prerequisite for decarbonisation of the energy s
US Listed Semiconductor 25 Index and PHLX SOX Semiconductor Sector Index have an overlap of 77% when comparing constituents. These two comparative indexes have performed similarly over the past ten years, largely due to an abundance of companies in the sectors that allow for a similar investing strategy while diversifying a minority of holdings.
Legacy Theme: Oil Services Exhibit Similar Performance
7/14/2006 – 3/31/2021
Source: Morningstar Direct as of 3/31/2021.
Legacy Theme: Semiconductors Exhibit Similar Performance
12/22/2009 – 3/31/2021
Source: Morningstar Direct as of 3/31/2021.
Newer Thematic Strategies Demonstrate Less Overlap and Correlation
Newer themes such as clean energy and robotics have a much more varied approach to strategies with performance widely diverging based on the focus of their holdings. Clean energy indexes have overlap ranging from 10-25%, and the positive outlier in the peer group (MAC Global Solar Energy Index) has differentiated itself wit
Global climate change stimulus could fuel a green investment bubble
Jeff Kleintop is the Chief Global Investment Strategist at Charles Schwab
LONDON, ENGLAND - MAY 04: Dominic Raab, Secretary of State for Foreign Affairs welcomes British Prime Minister Boris Johnson to the G7 foreign ministers meeting on May 11, 2021 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)
Hundreds of years of history shows us that investment bubbles are a regular feature of the financial markets. For as long as humans have been trading investments, there have been periods of time when the prices of assets have become disconnected from their underlying value. Although bubbles typically are identified after they have popped, there is a well-trodden and identifiable path to help us predict them. The conditions appear ripe for the latest investment bubble – the green industry.