Clean Energy Funds Target Growing Demand for Renewable Energy
a reprint from triplepundit , 2018-10-25 Renewable energy funds are on the rise, seeking to match profits with a commitment to sustainability. These funds invest not only in generators of solar and wind power and their suppliers, but also in manufacturers of LED light bulbs, electric cars and automobile batteries. Stock mutual funds and exchange-traded funds (ETFs) are jumping on the bandwagon—from big players like Fidelity Investments and its Select Environment and Alternative Energy Portfolio to smaller ones that have been at it for decades, such as the New Alternatives Fund . The fact that major companies like Facebook, with its pledge to power global operations with 100 percent renewable energy by 2020, are going in big for renewables sweetens the financial prospect for investors. Electricity sector leads the way in renewable energy investment According to the International Energy Agency’s latest market forecast , renewables will continue their expansion i