Interest rates and the green economy: The carbon cost of higher for longer

@cityam— High interest rates have created strong headwinds for the global energy transition, according to a new report by Wood Mackenzie.

CNBC—Why the Fed keeping rates higher for longer may not be such a bad thing. It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.

Yahoo Finance—KeyCorp profit falls as higher deposit costs hurt interest income. KeyCorp reported a 33.5% drop in first-quarter profit on Thursday as its net interest income was eroded by higher deposit costs and elevated interest rates kept borrowers on the sidelines. U.S. banks have been grappling with increased funding costs as elevated interest rates prompt customers to move cash from banks to safe-haven higher-yielding alternatives like money-market funds for better returns. Net interest income (NII), or the difference between what a bank earns on loans and pays out...

Global News—EV sales in Canada rose in recent years despite higher interest rates. Why?. Electric vehicle registrations rose in recent years despite interest rates also rising. Experts caution Canada's transition to EVs could still be challenging.