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Stock impact report

Surprise: Cleantech Spending May Hit Record Despite Trump's Carbon Push [Forbes]

Shinhan Financial Group Co Ltd American Depositary Shares (SHG) 
US:NYSE Investor Relations: shinhangroup.co.kr/en/invest/main.jsp
Company Research Source: Forbes
Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. resident Donald Trump is no fan of renewable energy, deriding efforts to expand wind and solar power as a “joke.” “They don't work. They're too expensive. They're not strong enough to fire up the plants that you need to make your country great,” he told the United Nations General Assembly in September. And certainly his administration has worked hard all year to eliminate incentives for clean energy and electric vehicles in favor of boosting U.S. production and consumption of fossil fuels. Nevertheless, the country's investment in those areas is on track to set an annual record in 2025 – though the pace of expansion shows signs of slowing, according to data compiled by Rhodium Group and the MIT-CEEPR Clean Investment Monitor In the third quarter, spending on clean energy and transportation jumped 8% from a year ago to $75 billion, the highest quarterly Show less Read more
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