ICLN - Blackrock sees clean energy at a tipping point putting these green ETFs in focus

Investors in green energy exchange traded funds turned their attention to comments from BlackRock (BLK) on Wednesday. The asset manager issued its outlook on the sector, arguing that clean energy has reached a tipping point. The commentary put a spotlight on clean energy ETFs, impacting funds like iShares Global Clean Energy ETF (NASDAQ:ICLN), Invesco Solar ETF (NYSEARCA:TAN), First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN), Invesco Global Clean Energy ETF (PBD), First Trust Global Wind Energy ETF (NYSEARCA:FAN), and the SPDR S&P Kensho Clean Power ETF (CNRG). BlackRock listed three reasons for the tipping point: geopolitical issues, affordable clean power and an increased demand for green energy. Here's a breakdown of its argument: Geopolitics: BLK outlined how Russia’s invasion of Ukraine has highlighted the importance of clean energy. In a note the firm stated: “Clean energy sources require favorable natural conditions — such as wind, geothermal, hydroelectric or

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Blackrock sees clean energy at a tipping point, putting these green ETFs in focus