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Huge investment potential in clean energy sector Arian Neiron 02 March 2021
Companies in the clean energy sector are poised to benefit from rising demand for renewable energy as governments worldwide work toward Paris climate targets, with the momentum building after US President Joe Biden recommitted the US to the Paris Agreement.
Highlighting the global move to clean energy, the US Energy Information Administration (EIA) forecasts that power generation coming from renewable sources, such as wind, solar, hydro, and geothermal, should provide almost half of the world’s electricity generation by 2050. This move to clean energy is being driven by governments adopting renewable energy policies to meet the Paris Climate Agreement.
Invesco has launched a new thematic equity ETF in Europe providing exposure to companies that are driving innovation in clean energy technologies.
Gary Buxton, Head of EMEA ETFs at Invesco.
The
London Stock Exchange in US dollars (
GCLE LN) and pound sterling (
GCLX LN) and comes with an expense ratio of 0.60%.
The fund is linked to the
WilderHill New Energy Global Innovation Index from California-based
WilderHill, a specialist provider of sustainable indices related to the clean energy and clean ocean investment themes.
WilderHill is known for developing some of the first benchmarks in the alternative energy segment. Its flagship index, the North America-focused
Twenty-one years ago, it was the bursting of the technology bubble that sent share prices plunging – at a stroke depleting the wealth of hundreds of thousands who had enthusiastically invested their Isas in the dotcom story.
Today, there is a fear among some financial experts that another stock market bubble has formed that could result in sharp losses for many.
This time around, the bubble is green rather than technology based and has been fuelled by the huge appetite for investments in firms that have environmentally friendly credentials.
Ready to burst?: The bubble is green and has been fuelled by the huge appetite for investments in firms that have environmentally friendly credentials