With the world fighting to go green, you may want to buy clean energy stocks.
For one, according to the U.S. Department of the Interior, “The demand for renewable energy has never been greater. The technological advances, increased interest, cost effectiveness, and tremendous economic potential make these projects a promising path for diversifying our national energy portfolio while at the same time combatting climate change and investing in communities.”
Two, 200 countries recently agreed to transition from fossil fuels that could result in “tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030,” according to CNBC.
Three, according to the International Energy Agency, renewables could make up more than a third. of total electricity generation next year. Nuclear power generation is also expected to see all-time global highs by next year, too.
But that’s just the start.
With the world going green, investors may want to consider uranium, solar, wind, and even geothermal stocks. That includes stocks like NexGen Energy (NXE), Cameco (CCJ), Sunrun (RUN), First Solar (FSLR), and even ETFs such as the iShares Global Clean Energy ETF (ICLN).
