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
Elevate your tea experience: 5 innovative ways to improve your daily brew
While the classic simplicity of tea is always comforting, there's a world of flavors waiting to be explored. If you want to add some ...
Read MoreTransforming Tylenol: a sustainable path without coal tar or crude oil
Paracetamol, the omnipresent pain reliever found in countless households worldwide, may soon radically adjust its manufacturing method. For more than a century, this medicine, ...
Read MoreSuccessful gene-hacked pig kidney transplant shows promise in xenotransplanta...
A team at Massachusetts General Hospital in Boston performed a breakthrough surgical accomplishment, transplanting a kidney from a gene-hacked pig into a 62-year-old man. ...
Read MoreUSDA implements new school meal standards to reduce added sugars
The United States Department of Agriculture (USDA) announced significant changes to school meal laws, including the first time added sugars will be banned on ...
Read More
