CRBN News and Press, iShares MSCI ACWI Low Carbon Target From 09/21/22

Summary The California legislature recently passed a series of bills, signed into law by Governor Gavin Newsom on 16 September, that should have meaningful effects on environmental policies and the green energy transition. While this legislative package is meaningful for many indu...

Summary Globalization has meant that consumers can get goods more cheaply from countries with low labor costs or high technology usage. Today, many companies are willing to pay a little more for a shorter, safer supply chain. The Federal Reserve and other central banks around ...

Summary It is not clear what a new market design would look like, but many politicians have called for price caps, albeit in many different forms. The merit order ensures that the cheapest technologies enter the market first but implies that the price is set by the most expensive ...

Summary The U.S. CPI report is still the most important economic report of the month. The violent sell-off in response to what was a small upside surprise to U.S. core inflation in August is all you need to know. Markets would like to see a sustained roll-over in inflation and an ...

Summary Recent U.S. legislation alters the trajectory of GHG emissions and expands the opportunity set for midstream issuers. The bill enhances and expands the incentives for a diverse array of investments, enabling decarbonization across the U.S. economy. The strength of IRA ...

Summary With inflation at the highest level in decades and volatility continuing to surge, equity investors are questioning their next moves. At the beginning of the year, financial conditions were very loose by any means historically, and we've very rapidly moved from loose finan...

Summary On August 16, 2022, President Biden signed the Inflation Reduction Act (“the Act”) into law. The ramifications of the Act’s duration are substantive. There is still much room to grow if the U.S. wants to decarbonize and spur investments to truly ma...

Summary The world has always relied on the Saudis for decades to calm the oil markets by producing more oil when prices rise, something they are not capable of doing as the truth of their capabilities is now being questioned. We have liquidated our strategic oil reserves, pulled b...

Summary Today, every major part of the world economy is seemingly prone to a serious economic crisis. The European economy is perhaps the most immediate cause for concern. All of these world economic problems have to raise serious questions about the wisdom of the Federal Rese...

Summary Global inflation was generally moderating when the pandemic began, and the downward trend continued into the early months of the crisis. Food and energy are the main drivers of this inflation, as our Chart of the Week shows. Inflation continued to climb through July, a...