“It is unequivocal that human influence has warmed the atmosphere, oceans, and land.” That is the clear conclusion from the Intergovernmental Panel on Climate Change. The news follows the first major review of the science surrounding climate change since 2013. The timing of the news release is clear as a major Glasgow, Scotland climate change summit called COP26 nears. It’s also a wake-up call for clean energy stocks.
The UN chief called the report a “code red for humanity” and several of its findings point to reasons for serious concern. According to the report, the last five years have been the hottest on record since 1850 and recent rates of sea level rise have nearly tripled compared to 1901-1971.
The report concludes that it is very likely, 90% certain, that human influence is the main driver of retreating glaciers since 1990 and decreasing arctic sea ice.
The alarming conclusions of the report were tempered by news that it isn’t too late to reverse the damage. UN Secretary General Antonio Guterres was clear: “If we combine forces now, we can avert climate catastrophe. But, as today’s report makes clear, there is no time for delay and no room for excuses.”
Best Clean Energy Stocks To Invest In Right Now: Snap-On Incorporated(SNA)
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. It offers hand tools, such as wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools comprising impact wrenches, ratchets, screwdrivers, drills, sanders, grinders, and related products; and tool storage products comprising tool chests, roll cabinets, and other products. The company also provides handheld and PC-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics. In addition, it offers solutions for diagnosis and service of vehicles and industrial equipment for various products, such as wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane systems, collision repair equipment, air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers, and hoists. Further, the company provides financing programs to facilitate the sales of its products. It serves aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education industries, as well as vehicle dealerships and repair centers. The company was founded in 1920 and is headquartered in Kenosha, Wisconsin.