Cows, like all living mammals, produce greenhouse gases that could endanger their existence.
According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet European Union climate targets.
Not everyone is a fan of this method.
“Reports like this only reinforce the view that the government is working behind the scenes to undermine our dairy and livestock sector,” said Tim Cullinan, President of the Irish Farmers' Union.
It also caught the attention of Elon Musk, CEO of Tesla Inc.
“This really has to stop. “Killing some cows doesn't matter for climate change,” he wrote in a tweet.
Climate change is a pressing global issue that requires immediate attention. But instead of killing cattle, there are alternative approaches to meet this challenge. Here's a look at three green stocks that are actively addressing the issue.
Do not miss:
Tesla Inc (NASDAQ: TSLA)
According to the US Environmental Protection Agency (EPA), 28% of America's greenhouse gas emissions in 2021 came from the transportation sector — and specifically from burning fossil fuels for cars, trucks, ships, trains, and planes.
The EPA estimates that a typical passenger vehicle emits about 4.6 tons of carbon dioxide per year.
Tesla is helping to solve the problem by making electric vehicles (EVs) that have zero exhaust emissions.
The company is making a significant impact. 422,875 vehicles were delivered in the first quarter of 2023, a 36% increase over the previous year.
Tesla has been one of the more volatile names on the stock market. Stocks fell a whopping 65% in 2022 but are up 104% in 2023.
First Solar Inc. (NASDAQ:FSLR)
Solar energy can make a significant contribution to reducing greenhouse gas emissions. One reason for this is that there are no emissions when generating electricity. And according to the United Nations, life cycle assessments of solar energy “conclusively show that it has a lower cradle-to-grave carbon footprint than fossil fuels.”
First Solar's solutions help people harness the power of the sun. The Company produces solar modules, including those used in utility-scale solar power plants.
The company had net sales of $548 million in the first quarter of 2023. Full-year net sales are forecast to be between $3.4 billion and $3.6 billion.
The stock market has been a choppy one over the past year, but First Solar investors are unlikely to be complaining. Over the past 12 months, shares are up more than 170%.
Nextera Energy Partners LP (NYSE:NEP)
NextEra Energy Partners was formed by energy company NextEra Energy Inc. (NYSE:NEE) to own, manage and acquire clean energy projects that generate consistent cash flows.
Today, the NextEra Energy Partners portfolio holds interests in wind, solar and energy storage projects in the United States and natural gas infrastructure assets in Texas and Pennsylvania.
Because natural gas is not considered a renewable energy source, NextEra Energy Partners is not a pure-play renewable energy company. But it recently announced plans to become one.
“To expedite this transition, we are beginning a process to sell our natural gas pipeline assets and are suspending distribution rights incentive fees to NextEra Energy through 2026,” said John Ketchum, chairman and CEO of NextEra Energy Partners, in a press release.
The partnership is also characterized by the cash payment to the investors.
NextEra Energy Partners currently pays quarterly payouts of 84.25 cents per share, giving the stock a 5.4% annualized return. Management expects to grow its payout per share by 12% to 15% per year through at least 2026, but noted that given the current capital markets environment, the growth rate will likely be “at or near the lower end of that range.”
NextEra Energy Partners stock is down about 19% over the past 12 months. If you like inflated dividends but aren't a fan of the volatility that comes with publicly traded companies, you might want to look for reliable non-stock income opportunities.
Image: Generated with AI using MidJourney
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This article “This Really Needs to Stop”: Elon Musk just slammed Ireland's plans to slaughter 200,000 cows for climate change – 3 top green stocks that are actually making a difference originally appeared on Benzinga.com
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