DJ ESG Roundup: Market Talk
The latest Market Talks covering ESG Impact Investing. Published exclusively on Dow Jones Newswires at 10:00 ET and 17:00 ET.
0800 ET - Shares in wind-turbine makers Siemens Gamesa Renewable Energy and Vestas Wind Systems rise after French President Emmanuel Macron announced an investment program centered on green energy worth billions of dollars. Mr. Macron put forward a EUR30 billion plan aimed to revitalize the country's energy, transport and technology sectors that would decarbonize much of its industry. Plans included a EUR500 million investment in onshore and offshore wind and solar power, business news channel BFM reported. The French leader added that he wanted France to become a global leader in green hydrogen and to have a low-carbon airplane by 2030. Siemens Gamesa and Vestas trade up 3.7% and 4.4% respectively. (edward.frankl@dowjones.com)
1228 ET - A circular plastics economy could be attainable by 2050 if investment is shifted toward advanced recycling methods, IHS Markit says. The firm estimates more than $300B of the total capital spending earmarked for new plastics production capacity globally could be redirected to mechanical and chemical recycling processing capacity, which would speed up the timeline for the transition and still meet demand for consumer plastics. (mary.dewet@dowjones.com)
1203 ET - Brazil's diversification away from hydro power into solar, wind and other renewable sources also has a social appeal, says Rui Altieri, chairman of CCEE, a private-sector organization involved in the national energy policy. "The environmental appeal is huge," he says. "But these solar and wind farms are usually installed in poverty-stricken areas and have a fantastic effect on household incomes." (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
October 12, 2021 10:00 ET (14:00 GMT)
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