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☆ We're concerned there won't be enough metal to meet energy transition targets: Wood Mackenzie
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're concerned there won't be enough metal to meet energy transition targets: Wood MackenzieJulian Kettle, vice chair of metals and mining and senior vice president at Wood Mackenzie, says steel remains the biggest challenge in "greening" the metals and mining industry. He adds that "we are way behind target" when it comes to the delivery of metals for the energy transition.

Persons: Wood Mackenzie Julian Kettle, Wood Mackenzie

☆ Many single parents who drive for apps like Uber and Lyft say it's their best option — but they still can't pay their bills
▼ + stars: | 2024-03-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

AdvertisementFlexibility can be an illusionMost single parents with whom BI spoke said they valued the flexibility gig work gives them. Some single parents with disabilities said being able to take days off has helped them stay healthier and avoid burnout. This means that a higher percentage of single parents' earnings goes toward childcare costs, pushing some away from using childcare entirely. "These fluctuations and discrepancies can be devastating to individuals who don't have other mechanisms to make money, including single parents who are often operating on a single income," Greening said. AdvertisementIt's not easy for parents with older childrenThe issues single parents face still linger for those with older children.

Persons: Bri, Uber, Dara Khosrowshahi, Lyft, Uber hasn't, Susan, she's, Lindsey Cameron, Cameron, Cindy Lehnhoff, Lehnhoff, Bryant Greening, Greening, Starla, She's, Genesis, Paul, he's, It's humbling Organizations: Service, DoorDash, Walmart, Business, Wharton School, National Child Care Association, BI, Uber, Security Disability Insurance, Arizona State University Locations: Fort Worth , Texas, Grubhub, bam, Ohio, Jacksonville , Florida, Atlanta, Las Vegas

☆ This startup is 'greening' homebuilding
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis startup is 'greening' homebuildingCNBC’s Diana Olick joins 'Power Lunch' to discuss how a startup company is helping American's make their homes greener.

Persons: Diana Olick, American's

☆ Mexico City may be just months away from running of out water
▼ + stars: | 2024-02-25 | by ( Laura Paddison | Jack Guy | ) edition.cnn.com time to read: +11 min

Mexico City CNN —Alejandro Gomez has been without proper running water for more than three months. Historic lowsDensely populated Mexico City stretches out across a high-altitude lake bed, around 7,300 feet above sea level. The Cutzamala water system, a network of reservoirs, pumping stations, canals and tunnels, supplies about 25% of the water used by the Valley of Mexico, which includes Mexico City. She and her family often have to pay more than $100 for a tank of water from one of the city’s water trucks. “I don’t think anyone is prepared.”CNN’s Laura Paddison and Jack Guy reported from London, and Fidel Gutiérrez reported from Mexico City.

Persons: Mexico City CNN — Alejandro Gomez, Gomez, ”, Christian Domínguez Sarmiento, Jose Alfredo Ramirez, Cesar Rodriguez, it’s, It’s, Fabiola Sosa, ” Germán Arturo Martínez Santoyo, Raquel Cunha, Garcia, Becerra, La Niña, El Niño, UNAM’s Sarmiento, Conagua, Andrés Manuel López Obrador, Martí Batres Guadarrama, Sosa, Rodríguez, “, Henry Romero, Márquez, doesn’t, ‘, ” Sosa, Amanda Martínez, Laura Paddison, Jack Guy, Fidel Gutiérrez Organizations: Mexico City CNN, CNN, Authorities, National Autonomous University of Mexico, Bloomberg, Getty, Metropolitan Autonomous University, Reuters, University of Northern, Local, Mexico City’s, Cape Town, Advisory, Mexico City Locations: Mexico, Mexico City’s Tlalpan, doesn’t, Mexico City, UNAM, Tenochtitlan, Spanish, Conagua, Cutzamala, Villa, Villa Victoria, University of Northern British Columbia, Iztapalapa, South Africa, Tlalpan, London

☆ Greenland has lost ice 36 times the size of New York. That’s a huge problem for the planet
▼ + stars: | 2024-02-13 | by ( Angela Dewan | ) edition.cnn.com time to read: +3 min

CNN —The area of Greenland’s ice loss in the past three decades is roughly 36 times the size of New York City — land that is rapidly giving way to wetlands and shrubs, a study published Tuesday shows. Ice loss has exposed barren rock in parts of the country. Mark Smith/University of LeedsWarmer air temperatures have driven ice loss, which has in turn raised land temperatures. Snow and ice typically reflect the sun’s energy back into space, preventing excessive heating in parts of the Earth. Ice melt also increases the amount of water in lakes, where water absorbs more heat than snow, which increases land surface temperatures.

Persons: Jonathan Carrivick, Mark Smith, ‘, Michael Grimes, “, ” Organizations: CNN, University of Leeds, “ Locations: New York City, Greenland, Kangerlussuaq, Bowdoin, Qaanaaq, Kingdom of Denmark

☆ Economic models buckle under strain of climate reality
▼ + stars: | 2023-11-22 | by ( Mark John | ) www.reuters.com time to read: +6 min

But detractors say those numbers are the product of economic models that are not fit to capture the full extent of climate damage. A year earlier, the Trump administration cited similar models to justify replacing the Obama-era Clean Power Plan with one allowing higher emissions from coal-burning plants. At issue are the "integrated assessment models" (IAMs) economists use to draw conclusions on anything from output losses to financial risk or the pricing of carbon markets. Line chart with data from Climate Tracker shows varying predictions of global warming damage as percentage of GDP. "Our main message is: 'Economists, speak to climate scientists and come up with results that make sense'," he said.

Persons: William Nordhaus, Trump, Obama, Isabel Schnabel, Leon Walras, doesn't, Thierry Philipponnat, Steve Keen, Nordhaus, Rupert Thorne, Livio Stracca, Jean Boissinot, Nicholas Stern, Stern, Watch's Philipponnat, Mark John, Barbara Lewis Organizations: Central Bank, Finance Watch, Reuters, Network, Greening, " University College of London, ECB, NGFS, LSE, Grantham Research Institute, European Union, Thomson Locations: Dubai, Paris, Brussels

☆ What orange juice futures tell us about the state of our world
▼ + stars: | 2023-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Cocoa and orange juice futures have hit multi-decade highs as climate change and harsh weather takes their toll on crops in warmer climates. Here’s the latest in the commodities market:Orange juiceOrange juice futures have soared to their highest levels since the commodity began trading in 1966. The January contract for frozen concentrated orange juice is currently sitting around $3.95, up nearly 94% so far this year. The rally has led to a rise in speculative betting, leading some analysts to call orange juice futures the new GameStop. But “the eventual crash in the price of orange juice will be one for the record books,” he quipped.

Persons: Nicole, it’s, they’re, ”, Dave Reiter, It’s, Brent, David Morrison, stoking, That’s, WeWork, Nathaniel Meyersohn, Ermengarde Jabir, Alicia Wallace, “, Ted Rossman Organizations: CNN Business, Bell, New York CNN, OJ, Sunshine State, Futures, GameStop, Reiter Capital Investments, Cocoa, West Texas Intermediate, “ Traders, Trade Nation . Energy, Wheat, Organisation for Economic Co, Federal Reserve Bank of New, New York Fed Locations: New York, Ukraine, Orange, US, Brazil, Mexico, Florida, Ghana, Ivory Coast, Ivory, Chicago, Southeast Asia, Europe, China, Russia, America, United States

The January contract of frozen concentrated orange juice (FCOJ) on the Intercontinental Exchange (ICE) hit an all-time high of $4.17 per pound during the session, before falling back to $3.83 per pound. Did anyone predict $4.00 orange juice? As a comparison, the most traded contract among the soft commodities, ICE's raw sugar, had over 435,000 lots in open interest. Ibiapaba Netto, executive director at CitrusBR, the association representing Brazilian juice producers, said that a reversal of the current tight supply situation would take time, and is not certain to happen. Brazil has a 75% share of the global orange juice trade.

Persons: Mohamed Abd El Ghany, Dave Reiter, OJ, Darin Fessler, Ibiapaba Netto, Netto, greening, Marcelo Teixeira, Nick Zieminski Organizations: REUTERS, Intercontinental Exchange, Reiter Capital Investments, CitrusBR, Thomson Locations: El Nobaria, Cairo, Egypt, New York, United States, Brazil, Mexico, U.S

Michel suggested no deal was imminent when he told reporters the two sides needed to find "mutually beneficial" solutions. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, a third source told Reuters. Michel told reporters it was a critical time for the United States and the EU to "stick together" on their shared values and commitment to democracy given the Israel-Hamas conflict. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Ursula von der Leyen, Joe Biden, Charles Michel, Michel, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: WASHINGTON, European Union, Trump, Commission, U.S, European, . Trade, EU, Washington, World Trade Organization, United, Thomson Locations: BRUSSELS, United States, Israel, Gaza, Ukraine, Europe, North America, China, Brussels, U.S, Washington, Friday's

U.S. President Joe Biden will host Michel and European Commission chief Ursula von der Leyen on Friday to show unity toward Ukraine, but with trade irritants souring ties. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, and the two countries' trade negotiators were meeting around the clock. Michel told reporters it was a critical time for the United States and the EU to "stick together" on shared values and commitment to democracy, especially given the escalating crisis in the Middle East, which threatens to overshadow the long-planned summit. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Charles Michel, Joe Biden, Michel, Ursula von der Leyen, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: European Union, EU, European Commission, Trump, . Trade, European, Washington, World Trade Organization, United, U.S, Thomson Locations: BRUSSELS, WASHINGTON, United States, Ukraine, China, Brussels, U.S, Washington, North America

☆ Clean energy fans should not expect too much from pro-EU Poland
▼ + stars: | 2023-10-17 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +7 min

Indeed, the pace of Poland's clean energy supply growth may more often undershoot expectations than exceed them over the near term, even with a significant swing in political power. POWER SYSTEM CHANGES ALREADY UNDERWAYA major reason for climate trackers to expect only modest shifts in clean energy policies and momentum going forward is that Poland's energy system has already substantially cleaned up its electricity generation mix in recent years. Between 2018 and 2022, Poland's electricity producers boosted clean electricity supply capacity by over 150% so that clean sources now account for roughly 40% of total electricity capacity, up from 20% in 2018, data from think tank Ember shows. BACKLOGS BREWINGEmerging problems linking new clean generation assets with Poland's electric grid are a key reason why clean power growth may slow going forward. Pushing power costs lower may even trump plans to further clean up the power generation system, which may only add to power generation costs over the near term despite resulting in lower emissions in the long run.

Persons: Donald Tusk, Donald Tusk's, Gavin Maguire, Sonali Paul Organizations: European Union Civic Coalition, European, Poland's Institute, Reuters, Thomson Locations: LITTLETON , Colorado, Poland, Germany, Ukraine, Europe, LSEG, Western Europe

☆ EU seeks to ease US tariff, green subsidy threats
▼ + stars: | 2023-10-16 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

Washington has asked Brussels to move against Chinese steel producers in particular in return for avoiding the re-imposition of Trump-era tariffs on EU steel and aluminium, with an end-October deadline to reach an agreement. Those subsidies, largely in the IRA, have irked EU countries because they contain local content requirements. Half of the tax break is reliant on extraction of processing of critical minerals taking place in a country with which the United States has a free trade agreement. The EU is hoping that the summit will also yield an agreement on critical minerals - cobalt, graphite, lithium, manganese and nickel - that would benefit EU suppliers. EU exports to the United States of these minerals or products principally containing them totalled 3.5 billion euros ($3.7 billion) in 2022, Eurostat data shows.

Persons: Joe Biden, Ursula von der Leyen, Charles Michel, Philip Blenkinsop, Lisa Shumaker Organizations: European Union, Trump, U.S, European Commission, European Council, Washington, WTO, Thomson Locations: BRUSSELS, Ukraine, Brussels, China, United States, U.S, North America, EU

☆ Orange juice prices are up 270% since the pandemic hit, as crop diseases and hurricanes hammer supply
▼ + stars: | 2023-10-03 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Orange juice prices have skyrocketed 270% since January 2020, per data from Refinitiv. The rapid spread of the citrus greening crop disease has led to supplies cratering. The rapidly spreading citrus greening crop disease and multiple hurricanes in Florida have hammered the supply of oranges in recent years, driving up the cost of the breakfast staple. But orange juice futures' rapid rise has been driven by two factors that even the Federal Reserve can't control: disease and hurricanes. Nvidia and Tesla are the only two "Magnificent Seven" stocks that have delivered higher returns than orange juice futures over the same period.

Persons: —, St Louis, Ian, Nicole Organizations: Service, St Louis Fed, Federal, Florida cratering, Big Tech, New York, Nvidia, Tesla Locations: Florida, Louisiana , Texas , California, Brazil

☆ Stevie Nicks, Fleetwood Mac icon, now has her own Barbie
▼ + stars: | 2023-10-02 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —The likeness of Stevie Nicks, former member of rock band Fleetwood Mac, has been immortalized in a new Barbie doll – and the singer-songwriter is made up. The 75-year-old presented her Barbie doll to fans at her Madison Square Garden show in New York City on Sunday, calling it “Stevie Barbie,” a video posted on Instagram on Monday by entertainment company Live Nation showed. The doll, which forms part of Mattel’s Barbie Music Series, has smoky eyes and bangs and holds Nicks’ signature ribboned tambourine. Jamie McCarthy/Getty Images“We wanted to wish Stevie Nicks a happy 75th birthday in the best way possible. #Barbie #YouCanBeAnything.”Nicks' Barbie doll carries some of the artist's signature items, including her tambourine, platform boots and golden moon necklace.

Persons: Stevie Nicks, Fleetwood Mac, Barbie, Stevie Barbie, ”, Mattel’s, Nicks, Jamie McCarthy, ” Mattel, “ Stevie Nicks, Bill Greening, that’s, @StevieNicks, ” Nicks, Mattel, ‘ Organizations: CNN, Toy, Mattel, Madison Locations: Madison, New York City

☆ ADB approves $300 million loan to fund greening of Chinese coal city
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Sept 30 (Reuters) - The Asian Development Bank (ADB) said on Saturday it had approved a $300 million loan to an industrial city in a major Chinese coal-producing province to help "catalyse green" transformation of the city of 3 million people. The loan for Changzhi in the northern province of Shanxi will help fund a $665 million project, partly financed by the Chinese government, to reduce poverty, cut carbon emissions and improve urban liveability in a city that has long depended on coal, the ADB said. "Knowledge gained from the project will serve as a model for replication in other heavy-industry regions," ADB Principal Urban Development Specialist Stefan Rau said in a statement. As part of the project, Changzhi will build treated wastewater reuse facilities, put electric buses on roads and create bicycle-paths made from construction waste. Reporting by Ryan Woo; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Rau, Ryan Woo, William Mallard Organizations: Asian Development Bank, Changzhi, ADB, Urban, Thomson Locations: BEIJING, Shanxi, Manila

☆ Guest view: Bank balance sheets hide climate risks
▼ + stars: | 2023-09-15 | by ( Natasha Landell-Mills | ) www.reuters.com time to read: +7 min

First, banks’ financial statements appear to be ignoring climate risks, which means financial institutions are probably also leaving those dangers out of their capital calculations. Second, a regulatory regime that understates the expected consequences of climate change is allowing the banks’ blind spot to persist. The few banks that refer to climate risks in their accounts tend to conclude that it is not material. Second, banks need to take a prudent view of climate risks in their financial statements. The sooner the banking sector internalises climate risks in its accounting, the better the chance of building a sustainable future.

Persons: Wells Fargo’s, Banks, Natasha Landell, Mills, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, HSBC, HK, “ Management, prudential, The, Greening, Central, Institute, Faculty of Actuaries, University of Exeter, Institutional, Sarasin, Partners, Thomson

☆ Expect some pretty rough economic times for a while, asset manager says
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect some pretty rough economic times for a while, asset manager saysDough Greening, CEO and CIO at Florin Court Capital, says the EU and U.S. are showing signs of economic contraction.

Persons: Dough Greening Organizations: Florin Court, EU

☆ Africa Climate Summit: Billions pledged to green projects but leaders warn of need ‘to act with urgency’
▼ + stars: | 2023-09-07 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

CNN —The inaugural Africa Climate Summit drew to a close on Wednesday, with the host, Kenya’s president William Ruto, saying that a total of $23 billion had been pledged to green projects by governments, investors, development banks and philanthropists. Among the most eye-catching finance announcements, the United Arab Emirates pledged $4.5 billion to clean energy initiatives in Africa. “It is our ambition that this will launch a new transformative partnership to jumpstart a pipeline of bankable clean energy projects in this important continent,” Al-Jaber said, adding that the investment could lead to the generation of 15 gigawatts of clean energy by 2030. At the Africa Climate Summit, UN Secretary General Antonio Guterres noted that the continent was responsible for less than four per cent of global carbon emissions. LUIS TATO/AFP/AFP via Getty ImagesGermany announced 450 million euros (about $481 million) of climate finance pledges, and and the US pledged $30 million to support climate resilient food security efforts across Africa.

Persons: William Ruto, Sultan Al, Jaber, ” Al, Yemi Osinbajo, ”, General Antonio Guterres, LUIS TATO, “, Osinbajo, greening Organizations: CNN, Africa Climate Summit, United Arab Emirates, COP28, Global Energy Alliance for People, UN, Getty Images Locations: Africa, Nairobi, Dubai, “, jumpstart, Nigeria, AFP, Copenhagen

☆ Amazon built a data center empire in northern Virginia. Exclusive filings reveal it's using as much energy as a major city.
▼ + stars: | 2023-08-16 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +16 min

Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.

Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, –, Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE

☆ Factbox: Resistance to green policies around Europe
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Kuba Stezycki/File PhotoAug 10 (Reuters) - Europe faces growing pushback against policies to address climate change and protect the environment, causing its green agenda to start to fray as severe heatwaves and wildfires rage. Prime Minister Rishi Sunak last month warned of climate policies that "unnecessarily give people more hassle and more costs", days after his ailing Conservatives unexpectedly clinched a local election after opposing charges for the most polluting vehicles. Riding a wave of protests against the government's environmental policies, it unexpectedly beat the conservative VVD party in regional elections in March. POLANDPoland's government, long conservative on environmental policies at home and facing elections in October, has gone a step further by suing Brussels. The row has helped propel the far-right Alternative for Germany to second place in the polls.

Persons: Kuba, Rishi Sunak, Sunak, Mark Rutte, Kate Abnett, Sarah Marsh, Gloria Dickie, Anthony Deutsch, Angelo Amante, Pawel, Susanna Twidale, William James Organizations: REUTERS, Union, EU, BRITAIN, Conservatives, Farmer, Movement, Justice, Greens, Thomson Locations: Gryfino, Poland, Europe, ITALY, Italy, BRITAIN Britain, Britain, NETHERLANDS, POLAND, Brussels, GERMANY, Germany, Berlin, Bremen, London, Amsterdam, Rome, Warsaw

☆ Why orange juice futures are spiking
▼ + stars: | 2023-08-09 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Orange juice futures are hitting record highs because of bad weather and a nasty citrus disease. “Record-high orange juice prices in 2023 are a consequence of a very tight market, with smaller-than-expected production and low inventories,” he added. Spiking futures prices could mean higher prices at the grocery store, he said. On Walmart’s website, a 52-ounce bottle of Tropicana Original orange juice currently goes for about $4. Shoppers may not tolerate prices getting any higher, especially when they don’t see orange juice as a staple.

Persons: ”, Billy Roberts, Hurricanes Ian, Nicole, Chandan Khanna, Citrus, Mathew Joyner, Roberts, “, Andrés Padilla, Jack Scoville Organizations: New, New York CNN, OJ, Hurricanes, Getty, US Department of Agriculture, Citrus Mutual, Rabobank, Price Futures Group, Bureau of Labor Statistics Locations: New York, Florida, America, Brazil, Mexico, United States

☆ Greening heavy industry: Batteries deliver zero-carbon power
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreening heavy industry: Batteries deliver zero-carbon powerCNBC’s Diana Olick joins 'Power Lunch' to report on plans to green the heavy industry with batteries.

Persons: Diana Olick

☆ Orange juice has never been this expensive
▼ + stars: | 2023-07-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Brazil, the world's biggest juice exporter, will export 1.7% less orange juice to the US compared to last year. Orange juice has never been this expensive, with Bloomberg data showing futures hitting a record high Monday due to rising concerns about global supply from citrus greening, a crop disease, in Florida and Brazil. Orange juice futures climbed 1.8% to $3.052 per pound around midday in New York. Brazil, the world's largest juice exporter, is set to ship 1.7% less orange juice to the US this year, according to a July 20 report from the Department of Agriculture. Disease concerns there as well as in Florida, the US' biggest orange hub, have put a damper on produce expectations.

Persons: Judy Ganes, J, Nielson Organizations: Bloomberg, Service, Department of Agriculture, US, Ganes Consulting, Florida Department, Citrus, Federal Locations: Brazil, Florida, Wall, Silicon, Orange, New York

[1/8] Palestinian refugee students attend an activity as part of "Fun Weeks" summer camps run by the United Nations Relief and Works Agency in a school in Beach refugee camp in Gaza City, July 11, 2023. The Palestine children, including those with disabilities, will over four weeks participate in a series of activities including greening, recycling, sports, drawing, handicrafts, and language learning, the agency said. UNRWA runs 284 schools in Gaza, serving at least 290,000 students. The activity creates around 3,000 short-term jobs for Gaza youth, UNRWA said. Established in 1949 following the first Arab-Israeli war, the agency provides public services including schools, primary healthcare, and humanitarian aid in Gaza, the West Bank, Jordan, Syria, and Lebanon.

Persons: Mohammed Salem, Thomas White, Joanna El, Halabi, Nidal Almughrabi, Devika Organizations: United Nations Relief, Works Agency, REUTERS, United Nations, Works Agency for Palestine Refugees, UNRWA Affairs, Reuters, Gaza, UNRWA, West Bank, Thomson Locations: Beach, Gaza City, Mohammed Salem GAZA, Gaza, Israel, Palestine, East, Egypt, Jabalia, Jordan, Syria, Lebanon

LONDON, June 13 (Reuters) - BlackRock (BLK.N) on Tuesday launched the "Brown to Green Materials Fund" targeting undervalued carbon-intensive companies that produce the raw materials and products driving the energy transition. Those companies that produce the materials and have a quality plan to decarbonise - and their suppliers - should re-rate as their margins get a boost and sustainability risks decrease, it said. "This broad materials universe is trading at such (a) large discount relative to the broader market and growth opportunity," based on how they have historically been viewed, he told Reuters. "Once people understand that these businesses are becoming increasingly green in their production processes, it is likely that the discount that is applied to them is going to reduce." Editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Brown, BlackRock, Evy Hambro, BlackRock's, David Evans Organizations: Tuesday, Green Materials, Reuters, Thomson Locations: BlackRock

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