Carbon Pledge Lifts Wind and Solar Stocks in China

Big moves in Chinese shares are often tied to government plans and this is the latest example, as investors try to anticipate winners from whatever policies are included in the nation’s next five-year plan.

In the one month to Oct. 22, New York-listed Daqo New Energy Corp. jumped 59.9%, while Hong Kong-listed Xinyi Solar Holdings Ltd. and Xinjiang Goldwind Science & Technology Co. , have advanced 17% and 31.5%, respectively. Daqo New Energy makes polysilicon, a key raw ingredient for solar panels, while Xinyi Solar makes solar glass. Xinjiang Goldwind is China’s biggest wind-turbine maker.

A Wind index of 40 renewable and clean-energy companies whose shares trade in Shanghai or Shenzhen has gained nearly 5% over the past month, compared with a 2.2% increase in the broader CSI 300 index.China’s carbon emissions will peak in 10 years and it will strive for carbon neutrality by 2060. Going carbon neutral means China’s emissions of this key greenhouse gas will be equal to zero, once offsetting measures like planting trees are taken into account. Achieving that will require slashing emissions by using cleaner energy sources and carbon-capture technologies.

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China. Carbon neutral. The WSJ flip to the dark side these last few months is now clearly sourced. Control the media, control the people. China dropping huge $ on on the dying US newspaper industry. Psst. I follow back.

Buyer beware

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believe it when I see it

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they are dropping now.

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U.S. solar stocks rise on Biden's clean energy focus in pre-election debateU.S. solar stocks rose on Friday after U.S. Democratic presidential candidate Joe Biden said in the final pre-election debate on Thursday night that if elected he plans to transition to a more climate-friendly economy. Nice 👍 I'm pretty sure ANY republican and Trump are equally keen on economic power alternatives, so don't make this all about Biden as if he virtually invented the frigging stuff! Good.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »