"If you're in the market for new environmental humor and really, who isn't? you can now update this to say, You may not believe in climate change, but the stock market does. For much of this year, the S&P Global Clean Energy Index has outpaced the S&P 500 Index, the Nasdaq 100 Index and the MSCI World Index, Bloomberg News noted recently as part of a report about Jefferies analysts unexpectedly declaring these the glory days for green tech."
"Demand off charts Anyone who's been following the news would be forgiven for assuming these are not salad days for clean energy. Dog-food days, more like it. Whatever-this-is days. The White House and an eager Congress have shredded environmental regulations and cleantech subsidies, thrown up roadblocks to new wind and solar projects and generally tried to make life as comfortable as possible for the fossil-fuel industry currently running the government and as uncomfortable as possible for that industry's upstart rivals."
Stocks tied to clean energy have outpaced the S&P 500, Nasdaq 100 and MSCI World this year. U.S. federal policy has rolled back environmental regulations and dismantled cleantech subsidies, creating obstacles for new wind and solar projects while favoring fossil fuels. Despite political hostility, global and domestic demand for clean-energy technologies remains strong, partly driven by AI's large energy needs and investor interest in AI-linked clean-energy firms. Many leading clean-energy stocks have ties to AI, making performance reflect both green and AI-related bets, which could be vulnerable if an AI bubble bursts. S&P and Nasdaq also show heavy AI exposure, complicating interpretation of cleantech's outperformance.
Read at www.mercurynews.com
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