The landmark climate deal forged in Paris just days ago to curb global warming is already making an impact in the world. All around the stock exchange, numerous renewable energy companies saw their stocks rise significantly. The MAC Global Solar Energy Index, a exchange-traded fund holding in investments in the solar energy industry, went up 4.5%. Other companies like SunPower and First Solar Inc shot up 8.7% and 5% respectively, and analysts believe wind turbine makers, electric car companies and other renewable energy companies should expect significant boosts as a result of the deal. And as the renewables climb up the stock market, the fossil fuel companies are tumbling down. The U.S. Oil & Gas Index fell 0.8%, but the biggest losses came for the companies that produce coal such as Peabody Energy Corp, which dropped 12.6%.
Paris climate pact sinks coal stocks, lifts renewable energy
More of Today's Solutions
The power of “solar balconies”: Germany’s solar revolution ...
In Germany's busiest cities, a quiet shift is taking place on apartment balconies. While rooftop solar has long been seen as a key component of ...
Read MoreThe science behind laughter in babies and children
Children's laughter is frequently interpreted as a simple display of joy, but scientific research reveals a deeper meaning lies beyond the surface. Contrary to ...
Read MoreStudy suggests an underripe banana a day lowers risk of a range of cancers
A new longitudinal study spanning almost two decades has produced some intriguing results regarding resistant starch. What you ask, is 'resistant starch'? It is ...
Read MoreOpting out: 4 alternative movements to redefine Black Friday
Right now, the Black Friday shopping festivities are undoubtedly engulfing our screens and storefronts. It's easy for consumerism to take center stage, but nonetheless, ...
Read More
