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As populations grow and resources become strained, renewable energy is now a major priority of governments around the world. New Zealand is fortunate to have plentiful renewable energy resources such as hydro, geothermal and wind. For countries such as Australia, China and India, where electricity is largely generated from high carbon-emitting coal, the future of renewable energy is perhaps more important than ever.
If you’re looking to invest in companies that support the growth of sustainable energy sources, you can start here.
There are several categories of renewable energy including hydroelectric, wind power, biomass, geothermal and solar power. Some include nuclear energy to that list, despite its controversy. Below is a list of ways that you can invest in companies that support renewable energy.
In the last century, we’ve come to rely on fossil fuels to create electricity, power our vehicles and drive manufacturing. But overwhelming evidence says the extraction and use of coal, oil and gas are causing irreversible environmental damage and global warming. Fossil fuels are also finite – over time we’ll be forced to rely on alternative energy sources, regardless of our environmental views.
With the world’s population expected to reach almost 10 billion by 2050, both environmental constraints and limited fuel and water supply (used in mining) will increase our need for renewable and clean energy sources. For these reasons, investing in renewable energy makes both environmental and money sense.
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