Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Carbon capture is the way of the future

Published

on

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

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

on

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.


U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker


Download the Ticker app

Continue Reading

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

on

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.


Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews


Download the Ticker app

Continue Reading

Money

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

on

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.


All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#StockMarket #FinanceNews #TreasuryYields #FederalReserve #TechStocks #SmallCaps #InvestingTips #MarketUpdate


Download the Ticker app

Continue Reading

Trending Now