With the world fighting to go green, clean energy stocks are a safe long-term bet.
For one, at the 2023 Conference of the Parties (COP28) meeting, 200 countries agreed to transition from fossil fuels, drafting text that would result in “tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030,” according to CNBC.
Two, according to the International Energy Agency (SYM: IEA), the world has a “real chance” of achieving those COP28 targets. The agency added that the world added about 510 gigawatts of renewable energy capacity in 2023, a 50% jump year over year.
Even companies like Honeywell are realigning business around renewables. According to CEO Vimpal Kapur, “Honeywell is in a unique position to both help the world meet today’s growing energy needs, while also enabling the energy transition,” as also added by CNBC.
However, this is just the start.
With global leaders getting far more serious about transitioning to clean energy, you may want to add clean energy funds to your portfolio, including:
Global X Uranium ETF (SYM: URA)
Look at the Global X Uranium ETF (SYM: URA), for example.
With an expense ratio of 0.69%, the ETF invests in companies involved in uranium mining and production, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries.
Global X Hydrogen ETF (SYM: HYDR)
There’s also the Global X Hydrogen ETF. With an expense ratio of 0.5%, the ETF offers solid diversification with key hydrogen stocks. This one invests in stocks involved with hydrogen production, and the development and manufacturing of hydrogen fuel cells.
Global X Lithium & Battery ETF (SYM: LIT)
Also, look at the Global X Lithium & Battery ETF. With an expense ratio of 0.75%, this one invests in stocks involved with mining, refining, and battery production.
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