- Global governments will increasingly penalize dirty carbon-sourced energy and reward clean renewable-sourced energy in order to meet their emissions targets. These targets have been getting stricter each year.
- Carbon taxes to penalize carbon emissions and subsidies/tax incentives to rapidly boost renewables. Either way renewable energy sources such as hydro, solar, wind, etc. will be the winners.
- A great way to play this trend is via the Global X Renewable Energy Producers ETF, currently on a reasonable PE of 26.83, after a ~12% fall in 2021.
For further details see:
Buy The Dip In The Global X Renewable Energy Producers ETF