Green Lights Dec. 13: Top stories this week
Don't miss a single story from the best of Callaway Climate Insights.
. . . . Welcome back to Green Lights. Here’s our weekly roundup of the best of Callaway Climate Insights. This week, David Callaway examines the drop in solar stocks and looming trade wars through the lens of China. Mark Hulbert has met the enemy and he is us. Take a look. We hope you have a good weekend. Please support our great climate finance journalism by subscribing.
. . . . The dramatic decline in U.S. solar stocks in the past three years — even more than wind companies — is creating a fractured market with Europe and China leading the way. David Callaway says the short-term outlook may be dire but solar capacity continues to rise, so a turnaround is inevitable.
. . . . Available data from one of the largest mutual fund’s shareholder voting programs shows more than three-quarters of fundholders asked to vote on corporate proxy resolutions tick the boxes that are against environmental, social and governance (ESG) directives, writes Mark Hulbert. Does that mean shareholders as a group have become less concerned about climate and diversity issues?
. . . . China has wasted no time preparing for a trade war with President-elect Donald Trump. No doubt global trade politics are at play here, but China plays hardball. Could TikTok become an extraordinary bargaining chip?
. . . . Goldman Sachs Group’s departure this week from the Net-Zero Banking Alliance is more than just another defection of a top-tier bank from another alliance, writes David Callaway. It’s a symbol of the end of the era of climate bravado and hype on Wall Street.
. . . . Lockheed Martin makes high-priced, high-tech equipment to fight wildfires. But it’s turning to a simpler, more cost-effective and much more low-tech solution to prevent fires near its Colorado facility. It calls it the “latest and greatest in wildfire mitigation innovation.” Goats. Yes, it partnered with Goat Green to bring in 1,200 goats to do what they do best — eat weeds.
More greenery . . . .
Save the sushi: Bluefin tuna threatened by climate change (BBC)
Landmark climate case: Top UN court hears climate change testimony (DW)
Oh, great: Climate Change Is Driving Dangerous Bacteria Farther North (EOS)
On our minds: Americans split over the economic impact of climate policies (Pew)
Trump 2.0: Climate change and the energy transition (Morningstar)