Taiwan

碳交易政策大推進 掌握氣候變遷商機這檔表現最優

Liberty Times Net | Local Language | News | Nov. 21, 2024 | Climate Change

The 29th Conference of the Parties (COP29) to the United Nations Climate Change Summit has concluded in Azerbaijan, making significant strides in carbon trading. A key draft of Article 6.4 of the Paris Agreement was adopted, allowing countries, companies, and non-UN parties such as Taiwan to engage in a UN-managed central carbon trading system, potentially saving up to US$250 billion annually in carbon reduction costs.

Investment experts highlight that tackling climate change presents growing business opportunities regardless of political uncertainties. Achieving net zero by 2050 requires US$11 trillion in total investments, with US$3.5 trillion needed annually for green initiatives. Leading international companies are reiterating their commitment to emissions reduction, creating competitive advantages for investors who partner with them.

Recent performance data from "Industrial Stocks-Environment and Ecology" funds reveals mixed results based on investment strategies. The Franklin Templeton Global Climate Change Fund achieved nearly 28% returns over three years and 70.18% over five years. As the Federal Reserve adjusts interest rate policies, the impact on alternative energy stocks is expected to diminish. Experts advise focusing on fundamental research and diversifying investments to capitalize on the evolving climate business landscape.

全球股市期指突然跳水！普京批准俄羅斯更廣泛使用核武，日圓、美債短線上漲

The Storm Media | Local Language | News | Nov. 21, 2024 | Geopolitical Conflict and Disputes

At around 4:00 pm on the 19th Taiwan time, international stock market index futures fell sharply, particularly impacting Taiwan index futures during night trading. After a brief rebound, the index declined by approximately 100 points, hovering near 22,700. This market plunge coincided with Russian President Vladimir Putin approving a revised national nuclear deterrence strategy, which expands the potential use of nuclear weapons amid escalating tensions from the Ukraine conflict.

Ukrainian forces reportedly launched Army tactical missiles (ATACMS) at a facility in Russia's Bryansk Oblast, further escalating the situation. Consequently, global financial markets exhibited risk aversion, leading to declines in European stock markets, notably in the Italian FTSE Milan index. While some major European indices remained stable, both U.S. stock index futures and Taiwan index futures experienced downturns, prompting an increase in safe-haven assets like U.S. bonds, the Japanese yen, and the Swiss franc.

Putin's updated nuclear policy indicates that Russia may consider nuclear weapons in response to attacks by conventional missiles backed by nuclear powers. The Kremlin reaffirmed that nuclear arms serve as a deterrent and are an extreme measure, designed to warn adversaries of severe consequences for attacking Russia or its allies. This policy specifies threats that could prompt consideration of nuclear weapon use, including assaults with conventional missiles or drones. Ukrainian President Zelensky reiterated Ukraine's commitment to sovereignty and the need for unity in military efforts.

〈能源盤後〉普丁核武威脅 俄烏戰爭推進 油價小幅收漲

Yahoo News Taiwan | Local Language | News | Nov. 21, 2024 | Geopolitical Conflict and Disputes

Crude oil futures rose slightly on November 19 as traders assessed the Russia-Ukraine conflict and its potential impact on Russian oil supplies. The situation intensified when the U.S. authorized Ukraine to utilize American long-range missiles against Russia, prompting President Putin to adjust Russia's nuclear weapons policy to allow for broader justification of nuclear engagement.

West Texas Intermediate (WTI) crude for December delivery increased by 23 cents to $69.39 per barrel, building on a 3.2% rise on Monday. Brent crude for January delivery edged up 1 cent to close at $73.31 per barrel, while gasoline futures climbed by 1% to $2.04 per gallon. Conversely, thermal fuel futures fell by 0.5% to $2.24 per gallon, and natural gas prices rose by 0.8% to $3 per million British thermal units.

Market analysts noted that oil prices rose modestly due to ample supply stabilizing the market, despite ongoing geopolitical tensions. OPEC's spare capacity remains significant, and findings suggest the global oil market may stay in surplus until the end of 2025, contingent on OPEC+'s output decisions. Overall market sentiment leans toward low volatility and a slightly bearish outlook unless geopolitical or monetary policy conditions change.

In early trading, oil prices dipped slightly following reports of resumed production at Norway's Johan Sverdup oil field, which has a capacity of 755,000 barrels per day. Recent price increases were fueled by concerns over the conflict and a weaker dollar, while the U.S. Energy Information Administration is set to release weekly oil supply data, with anticipated declines in U.S. crude oil, gasoline, and distillate inventories.