1 Word for COP28’s Massive Energy Deal

There’s still a long road ahead… [Turn Your Images On] [1 Word for COP28’s Massive Energy Deal]( [Turn Your Images On] [Matt Clark, Chief Research Analyst]( Meh. That was my first reaction when I saw the news from the United Nations COP28 Climate Change Conference on Wednesday morning. After two weeks of tense negotiations, more than 190 countries agreed on a landmark deal to transition away from fossil fuels, like coal, oil and natural gas. On the surface, that seems like great news. Until you read the fine print… That’s what I’m going to dive into today. I’ll show you what this deal actually entails and why it's still good news for both sides of the energy market. --------------------------------------------------------------- [Turn Your Images On]( [$5 Million. 24 Years of Data. Beating the Market 300-to-1.]( Adam O’Dell has pulled out all the stops. In his most ambitious project ever, he has finally brought together the powerhouse force of AI … and fused it with his legendary ratings system. The result is a technology with the power to crush the market by 300 to 1 … turning $5,000 into $6.6 million. And Adam wants to put it in your hands. [Click here for the full details.]( --------------------------------------------------------------- Net-Zero Emissions by 2050 … Kind Of The aim of most any climate deal you come across today is to achieve net-zero emissions. This new agreement capitalizes on the Paris Agreement that calls for governments to limit global warming by 1.5 degrees Celsius to help with that. The idea of net-zero emissions is to cut greenhouse gas emissions to as close to zero as possible and reabsorb anything that couldn’t be cut. To do that, countries have to stop using high-emission fuels such as oil, natural gas and coal. But, as Chief Investment Strategist Adam O’Dell has mentioned in the past, [it doesn’t happen overnight](. Building solar farms, hydroelectric plants and wind turbines takes time … and money. We aren’t going to stop using fossil fuels tomorrow. Oil, gas and coal account for 80% of our global energy use now, and that’s after decades of renewable energy sources chipping away at market share. But over time, it can be done. The problem with the COP28 agreement is that it’s soft. Oil-producing nations like Saudi Arabia managed to push back on an initial deal. Instead, the new agreement has no strict timeline for transitioning and promotes carbon capture — the innovative process where fossil fuels are still burned, but the carbon dioxide emissions are captured and stored. In simple terms, countries can still burn fossil fuels at today’s levels, so long as they capture and store more of the emissions. So it’s not a deal that stops anyone from using fossil fuels … more of a deal to capture those emissions. --------------------------------------------------------------- [Turn Your Images On]( [Silicon Valley Billionaires Are Quietly Buying Into What We Call the “Imperium” Boom]( See why Bill Gates, Mark Zuckerberg and Peter Theil are making huge bets on this breakthrough now. [Details here.]( --------------------------------------------------------------- Energy War Has Big Winners From Both Sides In a sense, the new agreement is a win for big oil. But as I mentioned in an essay earlier this week, the same U.N. conference [got 118 countries to pledge]( to triple global renewable energy capacity by 2030. My research found that more than 17,000 megawatts of wind power production in the U.S. will be commissioned next year, adding to the 10.3 gigawatts of solar projects already being developed. It’s a massive upscale of renewable energy in the U.S. alone. Couple that with the agreement to “capture” carbon emissions from fossil fuels rather than halt using those fuels altogether, and you can see billions being spent on both renewables alongside oil and gas generation. To put a finer point on just how “meh” I think this climate deal was… The deal should be a big tailwind for renewable energy stocks, but the initial reaction has been pretty tepid. On Wednesday, after the deal was made public, the Invesco Solar Energy ETF (NYSE: TAN) was down 1.3%, while the iShares Global Clean Energy ETF (Nasdaq: ICLN) was down 0.76% ... in the first two hours of trading. During that same time, West Texas Intermediate crude oil jumped 1% along with Brent crude oil (the international benchmark). This tells me that investors found the UN deal to be “meh” just as I did. But with billions of investments on the horizon, we believe there is positive momentum in store for renewables and oil and gas. It’s why Adam and the rest of our team are constantly looking for new ways to invest across both sides of the Energy War. If you want to see the exact recommendations he’s making for his Green Zone Fortunes subscribers, [click here](. Until next time… [Matt Clark signature] Matt Clark, CMSA® Chief Research Analyst, Money & Markets --------------------------------------------------------------- Check Out More From Stock Power Daily: - [LIKE CHOCOLATE AND PEANUT BUTTER…]( - [2023 WAS THE YEAR OF THE MAGNIFICENT 7]( - [SOLAR VS. WIND IN 2024’S RACE FOR RENEWABLES]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. 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