Global New Energy Runs With The Bulls

Renewable Energy Stocks See Record Investments

Haley Zaremba, January 11, 2021 (OilPrice)

“…[M]aybe all we needed was a global apocalypse to finally catalyze the global clean energy transition…Organizations as respected as the World Economic Forum have advocated using the pandemic’s disruption as an opportunity to create a “new energy order” and a “great reset.” International agencies such as the United Nations, the International Energy Agency, and the European Union, are all drafting or already imposing green stimulus plans…[and] blue-chip companies are pushing for a green energy stimulus…Just this week, [the] $6.2 billion iShares Global Clean Energy ETF (ticker ICLN) lured a record $691 million of inflows…

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…[and] the $4.6 billion Invesco Solar ETF (ticker TAN) is on track to take in nearly $370 million…Fossil fuel tycoons and out-of-work laborers in the shale patch fear that the focus on developing green energy alternatives and diverting funds to [sustainability investing] will come at their expense. But there is a strong argument to be made that even in West Texas, clean energy is the way forward and the key to job creation…[C]limate change will be very, very expensive for all of us…[T]he data shows that it's also a great financial move regardless of your politics.” click here for more

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