Green investing ideas are gaining momentum as clean energy
Green investing ideas are gaining momentum as clean energy ETFs like ICLN rose 4.2% in the past week, driven by investor rotation into renewable sectors. Analysts project solar and wind stocks to outperform the S&P 500 over the next 12 months, fueled by growing corporate ESG mandates. Resistance to these practices also has deep roots. Starting in the 1920s and ’30s, a number of Latin American countries began nationalizing their oil and mining sectors. This trend went into hyperdrive in 1960, when Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela founded the Organization of the Petroleum Exporting Countries (OPEC), seeking to wrest control of the oil industry from the handful of U.S. and European companies that enjoyed a near-global monopoly. In the two decades that followed, nationalization was embraced by former colonies across Asia and Latin America, spurring the United States and wealthy European nations to start prioritizing domestic resource extraction. Debt of euro area non-financial corporations is defined as loans from euro area banks, loans from non-bank financial institutions and the rest of the world, and debt securities issued by non-financial corporations. Debt of euro area households is defined as total loans granted by euro area banks, non-bank financial institutions and others (general government, firms, households and the rest of the world). Green investing ideas are supported by cross-border green finance, as European capital inflow to North American renewables hit a record $870M in May.
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