Renewable Stocks To Pick As IPCC Sounds Alarm Bells On Climate Change

Renewable Stocks To Pick As IPCC Sounds Alarm Bells On Climate Change

Our theme on Renewable Energy Stocks – which includes U. S.-based solar panel manufacturers, lithium miners, and hydrogen fuel cell producers – has underperformed year-to-date, declining by about 2. 5% versus a 19% return on the S&P 500, although it has recovered a bit since our last update in early June when it was down by roughly 15% year-to-date. That being said, there has been a notable development that makes a compelling case for investing in this theme. A few days ago the Intergovernmental Panel on Climate Change published an alarming report - which is seen as one of the most detailed reviews of climate change ever conducted - outlining how climate change was accelerating. For instance, the report expects that the Earth's average temperature will reach 1. 5 degrees Celsius above preindustrial levels around 2030, a decade earlier than was projected just three years ago. The Secretary-General of the United Nations has deemed the report a "code red" for humanity, noting that it should serve as a "death knell" for the fossil fuel industry. We believe that renewable energy companies stand to benefit considerably from the greater urgency to tackle climate change. Although returns for renewable energy stocks have