XISHY - Ahead of COP26: BofA recommends NextEra Enphase Energy Generac Waste Connections and Lucid
There's a lot on the table for the future of the energy market as world leaders meet this weekend in Glasgow, Scotland. The talks, known as COP26 (Conference of the Parties' 26th annual summit), will be eyed for clues to how a faster transition toward a zero-carbon economy will effect everything from investing sectors to individual stocks. Plans are expected to detail methods of cutting emissions, financing the steps away from fossil fuels and launching a tradable credit system that would offset polluting activities. Quote: "For investors, current climate trends suggest making environmental considerations a part of their long- and short-term portfolio strategies," said Sarah Norman, senior investment strategist at Bank of America. The total cost of the transition is around $150T, according to BofA, while decarbonization efforts could boost global inflation by up to 3% annually (as central bank balance sheets rise by $500B per year). "It'll certainly be expensive, but
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Ahead of COP26: BofA recommends NextEra, Enphase Energy, Generac, Waste Connections and Lucid