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Carbon capture is the way of the future

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The U.S. government is betting on carbon capture technology to help reduce planet-warming emissions

 
The U.S. government may soon require natural gas-fired power plants to install technology to capture planet-warming carbon emissions.

That’s according to sources who spoke to Reuters, ahead of an announcement that could come this week as part of President Joe Biden push to decarbonize the power sector in the next 12 years.

The sources said the Environmental Protection Agency or EPA is expected to unveil standards for new and existing power plants, which belch roughly a quarter of U.S. greenhouse gas emissions.

Utility companies may need to decide whether they want to build new natural gas plants with what’s known as carbon capture and storage or CSS technology, or zero-emission renewable energy.

Biden has pledged that the power business will decarbonize by 2035. According to the Clean Air Act, the standards must be based on “best system of emission reduction,” technologies deemed affordable and technically feasible.

And the rules will likely be written expecting a major legal battle. Republican-led states and the energy industry will almost certainly push back.

But two recent developments could bolster the EPA’s expected regulations. The Supreme Court ruled last July that while the EPA could not force a system-wide shift in electric power generation, it could issue plant-specific rules.

And the Inflation Reduction Act, which Biden signed into law last summer, created tax credits making carbon capture more affordable, including more than $100 billion in clean electricity tax incentives.

A narrowly-written requirement for new plant technology paired with credits to make the upgrades could blunt arguments that the new rules are onerous or represent federal overreach.

Data from the U.S. Energy Information Administration show fossil fuels accounted for more than 60 per cent of U.S. electricity generation in 2022, with 60 per cent of that coming from gas and 40 per cent from coal.

Renewables accounted for a bit over 20 per cent, with nuclear energy making up the rest. #trending #featured

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Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

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Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.


Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights


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U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

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U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.


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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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