Raphael Stevens

Everyone told me not to travel solo during a pandemic.
Especially not to learn snowboarding, a sport that not all travel insurance policies cover. It didn’t help that I wanted to visit a country where I don’t speak the language.

Administrative matters — such as Covid tests, vaccination certificates and health declarations — would be painful for a solo traveler, I was told. I could also catch Covid or injure myself while snowboarding overseas.
It made sense, but I didn’t know anyone who could go with me. So I joined a Singapore tour group to South Korea.
I didn’t know it when I booked my trip, but I was part of a trend of solo women travelers who are joining group tours as tourism finds its feet again.

The Singapore-based agency I traveled with, EU Holidays, said many more solo travelers have joined its trips since it restarted international tours in September.
The numbers are small, but there has been a noticeable increase, according to Wong Yew Hoong, director at EU Holidays.

Before the pandemic, he said, solo travelers rarely joined their tours “because they normally plan and travel on their own,” he told CNBC Travel. Now they are, and most solo travelers are women, he said.

Global trend

In other parts of the world, this trend started before the pandemic.
The Canadian-based travel agency G Adventures said solo travelers made up 51% of its bookings this year — and 70% of them are female, up slightly from 2019.
The solo travel trend has grown exponentially over the past four years, according to Melissa DaSilva, North America president of The Travel Corporation’s tour division, TTC Tour Brands. TTC owns travel agencies such as Trafalgar and Contiki.
“The pandemic has certainly spurred interest even further,” she told CNBC, adding that TTC Tour Brands has made more single rooms available and reduced or waived extra fees for single travelers in response to solo travel demand.

The SoFe Traveler Network, which organizes tours for solo female travelers, said bookings have reached about 60% of pre-pandemic levels.
Even married people are traveling solo because they have different interests from their spouses, said Bruce Poon Tip, owner of Just You, a solo traveler specialist that organizes adult-only tours.
The pandemic made people more determined to tick off their “bucket list” destinations, said Tip, who also founded G Adventures.
“[But] couples don’t necessarily have the same lists, and so they’re traveling separately,” he told CNBC.
According to Just You’s website, women usually make up around three-quarters of travelers in a solo travel group.

‘Don’t wait’ attitude

Solo travel is typically associated with flexibility, and group tours are seen as rigid. So why are female solo travelers signing up for this style of travel?
In my case, I wasn’t alone by choice or because I wanted more freedom. I spent weeks trying to find friends who would agree to come with me.
G Adventures’ Tip said people who travel now are “early adopters,” but their friends may not have the same appetite for risk. That was the case for me — many of my friends said they were still concerned about Covid.
But it was also difficult to find someone whose goals and schedule matched mine. I realized that, even if Covid subsides in the coming year, I might still end up without travel buddies, so now was as good a time as any.

Don’t wait to tick off your ‘bucket list.’ … Nothing is promised.

Melissa DaSilva
North America president of TTC Tour Brands

DaSilva of TTC Tour Brands described that as the “don’t wait” attitude that many solo tourists have, which she said the pandemic reinforced.
“Don’t wait for a travel companion to want to go to the same destination, at the same time. Don’t wait to tick off your ‘bucket list.’ Don’t wait – nothing is promised,” she said.
I didn’t want to wait, but I also didn’t want to navigate pandemic travel alone. So I joined a tour.

CNBC’s Abigail Ng (6th from left) joined a small group tour from Singapore to South Korea in March 2022.
Courtesy of Shawn Koh

Border regulations, Covid testing and flight cancellations have made it challenging for solo travelers to plan their own trips, said Megan Arzbaecher, a tour manager with SoFe Travel.
“Confidence in travel dropped dramatically, and until it rebounds, joining a solo group tour takes away all of the mystery and worry, because we are on top of all the changing restrictions,” she said.

Safety in numbers

Singaporean Nicole Lim will be going on her first group tour as a solo traveler in May. She said safety was a big consideration.
She wanted to go hiking, but felt it might be dangerous to do it alone.
“Being in Singapore for so long, I haven’t done a lot of hiking and camping. I think it’s better for me to go and find a guide and join a group, so that we can all help one another out,” she said.
Before the pandemic, she said she probably would have asked friends to join her. But after two years without travel, she didn’t want her plans to be determined by whether she had someone to go with.
“If that’s the case, then I’ll be delaying my travels and planning according to another person’s schedule rather than mine,” she told CNBC.

After more than two years of living through the pandemic, some travelers are going solo because they don’t want to be dependent on other people’s schedules.
Michael Duva | Stone | Getty Images

Covid also adds another dimension to safety concerns, given that travelers could need medical care or be stuck overseas.
“The travel agency can take care of you, like help you change [flight] tickets and make some arrangements for you,” said Wong of EU Holidays.

Meeting people, making friends

The majority of women who travel independently still want a social experience, said DaSilva of TTC Tours.
Alison Allaire, a New Yorker who works in operations at an education company, first joined a group tour as a solo traveler some 10 years ago when no one was available to travel with her.
“I think it’s a great social experience, you get to meet people from literally all over the world,” she told CNBC.
She has even traveled with a friend whom she first met on a guided tour. “Being on these trips, I’ve made friends that will be [my] friends for the rest of my life,” she said.

New Yorker Alison Allaire said she prefers tour groups because it’s easier to make friends compared with traveling by herself.
Courtesy of Alison Allaire

Still, it can be daunting to join a tour group alone. Before I left for my trip to South Korea, I wondered if I would make friends and was prepared to have some meals alone.
After all, traveling with people you’ve just met isn’t the same as traveling with family or friends.
“There’s a bit of fear that like, if I don’t know anyone there personally, then there’s no one to really look out for me,” said Lim, the Singaporean who signed up to go hiking in Bali in May.
But between two options — staying home or being alone in Bali without help, should she need it — Lim said she would choose the latter.
“I’d rather have no one,” she said. More

The Modi government has announced a national green hydrogen policy with a target of producing 5 million tons per annum by 2030. It provides tax breaks and allots land to set up plants. 
Water and cheap power are the two important resources needed to become a global green hydrogen player. India has a large coastline with access to seawater and ample sunlight for solar power.
Green hydrogen industry is still in its infancy and pilot plants to study the technology and costs will take at least 5 years to show results.

Hydrogen packs a lot more punch than lithium-based batteries. India’s federal minister Nitin Gadkari (second from left) seen here launching the country’s first green hydrogen-based advanced fuel cell electric vehicle (FCEV), Toyota Mirai, at his residence in March.
Hindustan Times | Hindustan Times | Getty Images

The sun’s searing heat can be punishing on summer days and India’s enormous coastline makes it a challenge to defend. But vast amounts of water and abundant sunlight have opened a path to green energy that could slake India’s vast appetite for fuel.
Indian companies have pledged to commit billions of dollars to green hydrogen projects — but experts caution that the technology is still very new and its commercial viability unproven.  

Green hydrogen is a clean fuel that’s produced by splitting water into hydrogen and oxygen, using renewable energy such as solar power. When burnt, it emits no exhaust, only water. Environmentalists claim it can help decarbonize heavy industries like oil refining, fertilizers, steel and cement, as well as help cut emissions globally.
“At this point, the technology is not mature or cheap enough to be used widely,” Amit Bhandari, senior fellow, energy and investment at Gateway House, a Mumbai-based think tank, told CNBC. He pointed to the example of solar energy which took about a decade to become viable.
The green hydrogen industry is still in its infancy and pilot plants to study the technology and costs will take at least five years to show results, Bhandari said.
“Ten years ago, if you had asked me if solar energy is viable, I would have said ‘no,’ even though solar power potential was known and technology was available. It took off only when the cost became comparable to traditional energy sources over a long period of time,” Bhandari said, adding that he was reluctant to write off a new technology.
Renewables currently account for almost 40% of total installed capacity in India, the world’s third largest crude oil importer after China and the U.S.

But without large-scale energy storage, renewable energy cannot become a viable alternative to traditional power sources. 

Lithium batteries cannot store energy at a large scale even though they are widely used to power electric vehicles. Green hydrogen, which can be stored in large amounts, can power heavy vehicles such as trucks over long distances. 
India’s government last year announced a national green hydrogen policy with a target of producing 5 million tons of the fuel annually by 2030. In February, it provided tax breaks and allotted land to set up plants to boost the investment. 

Right now, India is vulnerable to all manner of external and geopolitical shocks. With green hydrogen, that vulnerability will reduce.

Amit Bhandari
Senior fellow, energy and investment, Gateway House, Mumbai

“Two important resources are required to become a large global player: water and cheap power,” the chairman of Celeris Technologies, Venkat Sumantran, told CNBC. “India has a large coastline with access to seawater and ample sunlight.” 
Several states in India get good sunlight most of the year and this allows solar panel farms to be optimally deployed, said Sumantran, whose Chennai-based consultancy firm provides new energy alternatives to fossil fuels in the auto sector.
But becoming a global player also depends on how cheaply photovoltaic cells — which convert sunlight into energy — are produced. “There are many signs that policies to allow this to happen are being implemented,” he added.
Indian companies investing in hydrogen
In recent months, several Indian companies have announced green hydrogen plans:

In January, India’s largest company by market capitalization Reliance Industries announced it would commit $75 billion to green energy, including an undisclosed amount  toward green hydrogen projects. 

In early April, Hyderabad-based Greenko group and Belgium-based John Cockerill to build a two-gigawatt hydrogen electrolyzer gigafactory in India, the largest outside of China.

In March, state-owned Indian Oil Corporation, which accounts for nearly half the market share of India’s petroleum products, teamed up with two private companies to launch a joint venture to develop green hydrogen. There are also plans to manufacture and sell electrolyzers, used in the production of green hydrogen.

In November 2021, the world’s largest solar power developer Adani Group announced it would invest $70 billion by 2030 into renewable energy infrastructure, including in green hydrogen. 

Reliance Industries and Adani Group have both pledged to make the world’s cheapest green hydrogen at $1 per kilogram, or about a quarter of a gallon — that’s down from the current cost of $5-$6. When contacted by CNBC, neither company provided details on how they were going to bring down the costs so drastically. 
Green hydrogen fuels India’s geostrategic ambitions too.
Reliance Industries Chairman Mukesh Ambani predicted that green energy has the potential to be a gamechanger. 

“When wood was replaced with coal, Europe overtook India and China to emerge the world leader. With the emergence of oil, the U.S. and West Asia outgrew others,” he said at a conference on renewables in February in Pune, a western Indian city.  
“When India becomes not only self-sufficient in green and clean energy, but also a large exporter, it will help India emerge as a global power,” he said at that time.
Acknowledging there has been a lot of hype around green hydrogen, Bhandari from Gateway House said it was not necessarily a bad thing.
“A key thing is that hype can create its own reality. If there is the right amount of capital, human intelligence is thrown at a problem. And technology evolves. Costs start to fall and that creates demand,” he said.
“Momentum is on the side of innovation and costs are declining. Also, there is already demand for green hydrogen, which can be absorbed right away in the petroleum refining, fertilizer and steel industries,” he added.
Pilot projects needed
Green hydrogen will become commercially viable only when it becomes cheaper, Bhandari noted. 
“You cannot start with a 500 megawatt plant,” he said, adding that even a company like Reliance, which has had long experience handling hydrogen gas at its oil refineries, would not invest in a huge plant without pilot projects. “We are several years away from large-scale capacity,” he said.

Tapping India’s 7,500 kilometer long coastline is also complicated, Bhandari said.
“There are other claims on the coastline. It is not uninhabited. There are several large cities and ports. And, it must be weighed against the need to protect mangroves and other fragile ecosystems too,” he said. 
Still, he conceded that if successful, the green hydrogen push would make India less vulnerable to price shocks in natural gas and oil.
“Right now, India is vulnerable to all manner of external and geopolitical shocks. With green hydrogen, that vulnerability will reduce,” he said.

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CNBC’s Jim Cramer said investors should take a chance on buying the dip during trading days like Monday — even if it means accepting some short-term losses.
“This is my eighth tightening cycle and I know from experience that if you wait until the [Federal Reserve] is done and inflation’s broken, it’ll be too late to buy,” the “Mad Money” host said.

CNBC’s Jim Cramer said investors should take a chance on buying the dip during trading days like Monday — even if it means accepting some short-term losses.
“This is my eighth tightening cycle and I know from experience that if you wait until the [Federal Reserve] is done and inflation’s broken, it’ll be too late to buy,” the “Mad Money” host said, referring to the Fed’s plan to implement several interest rate hikes this year to control soaring inflation.

“You have to anticipate the peak in inflation, just like [Monday] where the market looked so treacherous and then turned placid. You have to accept some short-term losses. … If you can’t take the pain, though, go ahead and swap into Treasurys now that they’re yielding near 3%,” Cramer said.
The S&P 500 and Nasdaq Composite dropped to new lows for the year on Monday but made a comeback before the session’s end. The Nasdaq gained 1.63% while the S&P 500 climbed 0.57%. The Dow Jones Industrial Average, which was down more than 500 points at its low, edged up 0.26%. 

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Cramer also advised investors that if a company’s stock performed poorly on Monday despite reporting an upbeat quarter earlier this earnings season, it’s a reflection of the current market, not the firm. He cited American Express, Coca-Cola and UnitedHealth Group as some examples of companies whose stocks teetered.
“The market’s simply not willing to pay as much for those future earnings in this new environment — whenever interest rates rise rapidly, price-to-earnings multiples start shrinking,” he said.

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The owner of a Greenwich estate is willing to accept cryptocurrency as payment for its $6.5 million asking price.
The sales agent said it is the first such listing of its kind in that wealthy Connecticut town.
The unidentified owner’s background explains the unusual offer and their comfort level in taking bitcoin or Ethereum crypto for the 187-year-old farmhouse compound.
“Not only does my client hold a lot of cryptocurrency,” the agent Kevin Sneddon said, “she actively trades a fair amount of it on a daily basis.” 

Main residence at 241 Bedford Rd in Greenwich, CT
Anthony Acocella / Modern Angles

The Gold Coast of Connecticut soon might become the Crypto Coast if this real estate listing is any indication.
The owner of a Greenwich estate is willing to accept cryptocurrency as payment for its $6.5 million asking price, in what an agent says is the first such listing of its kind in the wealthy town.

The unidentified owner’s background explains the unusual offer, and their comfort level in taking bitcoin or Ethereum crypto for the 4.3-acre farmhouse compound on Bedford Road, which dates to the early 1800s.
“It’s not like a gimmick,” the property’s listing agent, Kevin Sneddon of Compass told CNBC in an interview.
“Not only does my client hold a lot of cryptocurrency,” Sneddon said, “she actively trades a fair amount of it on a daily basis.” 

Dining room
Anthony Acocella / Modern Angles

The prices of bitcoin and Ethereum are highly volatile and have declined by more than 19% apiece since the beginning of 2022.
If a buyer of the property uses cryptocurrency to pay for the estate as opposed to cash — which remains an option for payment — the seller would be accepting a risk of further significant decline in the price if she did not immediately sell off the crypto for cash.

In recognition of that risk, a number of prior real-estate listings that have entailed cryptocurrency have required the buyer to convert the crypto to cash before the sale closes.
But the listing for this property makes crystal clear, in all-capital-letters type at the end of the description of the estate: “SELLER WILL ACCEPT CRYPTOCURRENCY.”

Main residence on the left with one bedroom guest-cottage in the foreground.
Anthony Acocella / Modern Angles

Sneddon said the seller intends to hold the payment in cryptocurrency.
“She’s not going to turn it over and convert it to anything else,” Sneddon said. “She’s going to add it to her crypto portfolio.”
Sneddon is counting on state-of-the-art amenities on the property to attract a buyer, and he hopes his seller’s willingness to accept payment in digital currency will score his listing the attention of newly minted crypto millionaires.
“They’d want to come up and consider this house because we take their currency,” he said.
“Someone’s already asked me what kind of crypto she would take,” Sneddon noted.
The fact that the seller in the Greenwich property will accept crypto at closing has brought more attention to the old home in the form of press and inquiries from intrigued potential buyers. 
But Sneddon said his “private-minded” seller isn’t interested in any of that extra attention focusing on her.  
“They wouldn’t want their names out there,” he said of the buyer.

Aerial view of the farmhouse compound in Greenwhich, CT
Anthony Acocella / Modern Angles

Public records don’t shed light on the identity of the homeowner.
The property last changed hands in 2009 for $5.68 million, according to the Multiple Listings Network.
Records showed it was bought by a limited liability corporation called Bedford Road Holdings. LLCs often are created to hide the true owners of real estate.

Kitchen in main residence
Anthony Acocella / Modern Angles

Then, the property’s seller was Anson McCook Beard Jr., a retired Wall Street bigwig, who is the brother of the late photographer and artist Peter Beard.
Beard spent many years at Morgan Stanley. According to the investment bank’s website, he was hired in 1977 to launch its private client services division.
The compound up for sale sits in the northwestern-most part of Greenwich, only about 200 feet from Connecticut’s border with New York state.
Sneddon described the area as the equestrian countryside, an area of town where neighbors tend to have their third, fourth, or even fifth home set aside for weekend retreats. 
The residence at 241 Bedford Road was built in 1835 and is a Greenwich-designated landmark known as the Levi Ireland House, the agent said.

Interior view of the compound’s “party barn”
Stephanie Loda – Greenwhich Photo

The main house spans over 4,200 square feet with five bedrooms, three baths, and a powder room.
Elsewhere on the property is a carriage house that boasts three bedrooms, a one-bedroom guest cottage and an old barn. 
That “party barn,” as it is called in the listing, is wired for electricity, but otherwise has an unfinished interior. 

Primary bedroom in main residence with Porsche lighting in the ceiling.
Anthony Acocella / Modern Angles

While it is a great space for throwing a bash, Sneddon said the new owner might want to convert it into stables for horses. 
“Not many 187-year-old farmhouses are packed with as many modern comforts as the Levi Ireland House,” said Sneddon.
In other words, a lot has changed on the estate since Andrew Jackson was president.

“It’s got Lutron lighting, and you press a button and it’s got automatic shades, and it has Porsche pinhole recessed lighting.”
Sneddon said that his client told him the German carmaker-designed fixtures cost her $2,800 per light and that many of her high-tech splurges were inspired by the Covid-19 outbreak.
Prior to the pandemic, his crypto-trading client and her family spent most of their time in Manhattan, but when New York went into lockdown they retreated to their Greenwich estate. 
When weeks turned into months his client decided to turn the home, which was mostly just used as a weekend getaway, into a full-week residence where she and her family could live and work from home.  

One of the main residence’s four guest bedrooms.
Anthony Acocella – Modern Angles

Sneddon said it was important for the owner to be able to trade crypto in real-time from anywhere on the property including the poolside lounge chairs, so she equipped the residence with a top-shelf Wi-Fi system that delivers high-speed internet to every corner of the sprawling estate.
The homeowner also installed a Covid-inspired heating and cooling system that includes a virus-killing infrared air purifier.

Pool and an outdoor dining area.
Anthony Acocella / Modern Angles

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Space company Rocket Lab briefly caught its Electron rocket using a helicopter after a launch for the first time on Monday.
“After the catch the helicopter pilot noticed different load characteristics than we’ve experienced in testing … at his discretion, the pilot offloaded the [booster] for a successful splashdown where it has been recovered by our [ship] for transport back to our factory,” Rocket Lab senior communications advisor Murielle Baker said on the company’s webcast.
Catching the rocket booster with Rocket Lab’s Sikorsky S-92 helicopter and returning it was the secondary goal of the mission.

The Electron booster comes into view of the company’s helicopter for the catch.
Rocket Lab

Space company Rocket Lab briefly caught its Electron rocket using a helicopter after a launch for the first time on Monday, but released the booster and dropped it into the ocean before recovering it.
“After the catch the helicopter pilot noticed different load characteristics than we’ve experienced in testing … at his discretion, the pilot offloaded the [booster] for a successful splashdown where it has been recovered by our [ship] for transport back to our factory,” Rocket Lab senior communications advisor Murielle Baker said on the company’s webcast.

“The [Electron booster] is in great condition though, and we look forward to assessing it in detail when it’s back here in the factory,” Baker added. “This is a monumental step forward in our program to make electron a reusable launch vehicle.”
The company’s Electron rocket launched from Rocket Lab’s private launch facility in New Zealand. Catching the rocket booster with Rocket Lab’s Sikorsky S-92 helicopter and returning it was the secondary goal of the mission.
The primary goal of the mission was achieved, with the rocket deploying 34 small satellites into low Earth orbit for a collection of customers, including Alba Orbital, Astrix Astronautics, Aurora Propulsion Technologies, E-Space, Spaceflight Inc. and Unseenlabs.

The company’s Electron rocket stands on its launchpad in New Zealand
Rocket Lab

Rocket Lab wants to make its rocket boosters reusable, like those of Elon Musk’s SpaceX, but with a very different approach. While SpaceX uses the rocket’s engines to slow down during reentry and deploys wide legs to land on large pads, Rocket Lab uses the atmosphere to slow the rocket before deploying a parachute and attempt to grab it with a helicopter.
The company conducted a variety of tests over the last couple years as it worked on the midair recovery concept. Rocket Lab has successfully returned two rocket boosters after its most recent launches, navigating them back through the intense reentry of the Earth’s atmosphere and splashing them down in the Pacific Ocean.

By adding reusability to its boosters, Rocket Lab would both be able to launch more often while simultaneously decreasing the material cost of each mission.
“I think anybody who’s not developing a reusable launch vehicle at this point in time is developing a dead-end product because it’s just so obvious that this is a fundamental approach that has to be baked in from day one,” Rocket Lab CEO Peter Beck said in November.

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Mike Cannon-Brookes, co-founder and co-CEO of collaboration software company Atlassian, said Australian utility AGL Energy’s plan to split into two companies would still leave one depending on coal.
Cannon-Brookes and his wife, Annie, committed to spending $1.5 billion on climate causes by 2030.

Atlassian Co-CEO Mike Cannon-Brookes poses for a photo with Utah Jazz co-owners, Dwyane Wade and Ryan Smith during Round 1 Game 3 of the NBA Playoffs on April 21, 2022 at vivint.SmartHome Arena in Salt Lake City, Utah.
Melissa Majchrzak | National Basketball Association | Getty Images

Atlassian Co-CEO Mike Cannon-Brookes has taken an 11% stake in Australia’s most prominent utility companies, AGL Energy, in an effort to force it to burn less coal, a major contributor to climate change.
The Australian software billionaire, who became a part owner of the United States’ Utah Jazz basketball team in 2020, bought the stake through his private investment group Grok Ventures. He’s now the largest single holder in the company.

Cannon-Brookes has spoken out about threats from climate change, and is now acting on his concerns after the company rejected a previous takeover bid from him and other investors.
The new campaign aims to stop AGL’s proposed split into two companies: Energy retailer AGL Australia and electricity generator Accel Energy. AGL Energy Chairman Peter Botten wrote in a letter to investors that the split would help Australia’s energy system responsibly move toward decarbonization and create value over the long term.
Cannon-Brookes doesn’t share that view.
“The demerger makes no sense, or cents. We believe it destroys value for everyone — shareholders, employees, Australia and the planet,” he wrote in a tweet on Monday. He urged other AGL Energy investors to vote against the proposal.
He elaborated on his position in a letter to AGL Energy’s board.

“Under the demerger proposal, AGL A [Australia] will continue to source a majority of its energy from Accel Energy, which today generates electricity with 50% higher emissions intensity than the rest of the grid,” he wrote. “We believe this exposure to coal-fired power generation is inconsistent with your proposal that AGL A [Australia] will be a leader in sustainability.”
Cannon-Brookes and his friend from the University of New South Wales, Scott Farquhar, founded Atlassian in 2002. The collaboration-software maker went public in 2015, and with revenue growth rates typically above the 30% mark, the stock became a favorite among growth investors.

Read more about clean energy from CNBC Pro

Growth software companies, particularly those that typically lose money like Atlassian, have lost their sheen in recent months as interest rates increase.
But Cannon-Brookes remains one of the world’s wealthiest people. He and Farquhar each own 19% of Atlassian’s outstanding Class A shares, which are worth a combined $25 billion.
In October, Cannon-Brookes and his wife, Annie, made a “green pledge,” committing to spend over $1.5 billion on climate initiatives by 2030. Grok Ventures has invested in renewable energy company Sun Cable, which is developing infrastructure to store solar power in Australia and move it to Singapore. Grok Ventures also backed WeaveGrid, a San Francisco-based electric-vehicle software start-up.
AGL Energy said on Monday that its coal-fired Loy Yang A power plant in southern Australia went out of service on April 15 because of a generator fault and might not return to service until August, lowering full-year profit expectations.
“Far from leaning into opportunities, splitting it [AGL Energy] puts further pressure on struggling coal generators. We’re seeing this today with Loy Yang A,” Cannon-Brookes wrote in a tweet.
WATCH: National Grid CEO on the road to “net zero” and fossil-free heat in the Northeastern U.S.

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