1029 days ago
China is performing outstandingly well, with a 0.4% GDP growth on average for 2020 and 18.3% for the first quarter of 2021. Ireland is also bouncing back this year, followed by Hong Kong and Turkey.
1030 days ago
If tropical deforestation was a country, it would be the third biggest polluter in the world, producing an average of 5.3 gigaton of CO2 per year on average between the year of 2001 and 2019. David Antonioli, CEO of Verified Carbon Standard warned: "Programs to stop deforestation need to be drastically scaled up. The current decline in tropical forest cover needs to be quickly turned around if we are to reach the Paris Agreement’s goal of keeping global warming to below 1.5°C. The emission pathways set out by the IPCC for this goal are already challenging enough: meeting the 1.5°C target requires reducing deforestation by 77%."
1030 days ago
While oil closing above $70 grabbed the attention of many headlines, the most interesting move might just have been the drop in inflation expectations. The 10-year US breakeven rate fell by 3bps yesterday, the lowest point since April. This could be a sign markets are in phase with the view that the rise in inflation this year will be transitory.
1031 days ago
What drives energy investments are largely state policies, and we can now see the difference in many countries. These plans offer the opportunity to boost investment in both infrastructure and clean energy solutions. The chart below shows the investment rise over the past 4 years.
1031 days ago
South Africa's economy grew by an annualized 4.6% in Q1 of 2021, following a downwardly revised 5.8% advance in the early year period. Eighty of ten industries reported positive growth figures in the first quarter with the coutry's strongest sector, mining, taking an 18.1% boost. Year over year, the economy shrank 3.2% after an upwardly revised 4.2% contraction in the previous period.
