Disney is building on its Renewable Energy Plans for its Theme Parks around the world, and it’s not the only multinational ramping up company targets in order to achieve net zero emissions by 2030.
The most magical place on earth is about to get a lot more green…by powering the magic using the sun.
Walt Disney World, is the size of San Francisco city, approximately 30,500 acres.
In a bold move towards fighting the climate crisis, Disney is adding two new solar plants at Walt Disney World, Florida, alongside the solar farm already in operation (that is Mickey mouse shaped of course)
The facilities will produce almost half of the resort’s annual needs to power its four theme parks, 25 hotels and 2 water parks.
It’s expected to open in two years.
The Mickey Mouse shaped solar farm is one of four facilities that will provide renewable energy to the Walt Disney World resort in Florida.
Mickey Mouse isn’t the only guy powering the magic of Disney… sunny days before the fireworks, will bring more than just happy energy, it will power solar energy so the magic can go on.
Disney is revamping its renewable energy efforts, to reduce the carbon footprint of its theme parks, around the world.
“Through the innovative use of space, and with a touch of Disney magic, we are using the sun to conserve energy and power up in a responsible manner,” said Mark Penning, Disney’s vice president for Animals, Science and Environment at its theme parks division.
“Our new set of ambitious goals commit us to achieve net zero emissions for our direct operations by 2030.”
There are also new solar canopies being installed at Disneyland Paris that will provide shelter for 9,500 guest vehicles, as well as a solar facility that will provide about 70 per cent of the power used on Disney Cruise Line’s private island Castaway Cay in The Bahamas
The company’s total solar portfolio, can provide enough energy for 65,000 homes, or eight Magic Kingdom parks, for one year.
“Since 2009, Disney has operated under a long-term vision to reach net zero greenhouse gas emissions, and we’re just getting started,” Penning wrote in a blog post.
walt disney company unveils updated renewable energy targets
Greener Apple
Disney isn’t the only major company aiming to achieve net zero emissions by 2030
Apple is investing in clean energy projects and tech in the US and around the world.
Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to be 100 percent carbon neutral for its entire supply chain and products by 2030. (SOURCE: APPLE)
Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world.
Just last month, Apple announced a massive new US energy storage project in California’s Monterey CountY.
This joins other energy storage projects the company has invested in, including its microgrid at Apple Park.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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