Global carbon dioxide emissions held steady in 2014 at 32.3 billion tons even though the global economy grew by 3 percent according to the International Energy Agency (IEA). This is the first year since the IEA began tracking carbon emissions 40 years ago that emissions have decoupled from economic growth. Previous instances where CO2 emissions… Keep reading →
The International Energy announced on Friday that while the world economy grew there was no increase in CO2 emissions in 2014. “This was “the first time in 40 years in which there was a halt or reduction in emissions of the greenhouse gas that was not tied to an economic downturn,” said the agency. Indeed,… Keep reading →
U.S. stocks were down on Monday following concerns from investors about Greek debt negotiations and unsatisfactory Chinese economic data on top of uncertainty about U.S. interest rates. “After the market’s strong week last week, nine out of ten S&P sectors finished down Monday, with healthcare and utilities the worst performers. Only energy finished up slightly,… Keep reading →
As global oil prices beat a hasty retreat from the relative highs of recent years – dropping roughly $20 per barrel in weeks – market watchers have attempted to diagnose the situation. A popular view now is that Saudi Arabia is willing to take a short-term budgetary hit from lower prices in order to force… Keep reading →
