On June 1 U.S. President Donald Trump announced that his country would withdraw from the Paris Climate Accord. The decision came as a shock to those who had pinned hopes that the accord would bring about a new era of unity and collaboration when it came to green energy. However, a multitude of state and local officials, as well as corporate leaders, came out to reaffirm a commitment to the principles of the agreement.
It appears that the green energy push has evolved beyond politics even at the federal level. Investors who want to make sure they are in the position to benefit should take a look at the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN). The ETF has climbed 27% in 2017 and 30% year over year.
Some of the sectors the fund is exposed to include semiconductors, renewable energy equipment, building materials and fixtures, alternative fuels, and others.
Since the beginning of the 21st century, green energy technologies like solar are becoming more prevalent and more affordable. For example, the median price per watt for distributed solar systems has dropped from over $10 in 2000 to $4 in 2017. The power generated by solar has also skyrocketed especially in California.
Green energy technology continues to be a steady and sure bet in spite of political jawing between different factions. Investors should feel secure in purchasing the Clean Edge Green Energy Fund as it promises to perform well in the coming years.