You Don't Have to Pick a Winner in Clean Energy
Coal is a very dirty fuel, and it is quickly being displaced by cleaner options like solar and wind. But the bigger winner of late has been natural gas, even as there has been massive growth in renewable power. Meanwhile, inflation has made building offshore wind less competitive, leading some companies to pull back from the space.
The takeaway from these examples is that it isn't exactly clear which cleaner energy options will end up winning the day. But as an investor, you don't necessarily need to care if you buy the right stock or exchange traded fund (ETF).
There is very little doubt that the world is quickly shifting the energy sources it uses, going from dirty carbon fuels toward clean and cleaner sources. This process, however, isn't going to happen like flipping a light switch. It will be hugely expensive and require massive amounts of time to enact. Putting up a solar farm or wind farm isn't an easy process, from permitting to funding to construction. And the world consumes a shocking amount of energy, which should increase over time as the world's population increases.
Source Fool.com
