Some advocates for the ongoing push for renewable energies were worried that a Trump presidency would circumvent some of the progress made in a number of sectors. These concerns appeared to be vindicated when President Trump announced that the United States would pull out of the Paris Climate Accord during a press conference in June.
However, the reaction from municipal, state, and corporate leaders in the U.S. made it clear that the move would not scuttle plans to move forward with renewable alternatives. More than 300 cities pledged that they would work to reduce greenhouse-gas emissions within the original framework of the Paris Climate Accord.
A recent survey from a Danish green energy company revealed that 83% of respondents in the U.S. agreed that it was important to create a world fully powered by renewable energy. In an atmosphere defined by its partisanship, it appears that the continued drive toward renewable energies has reached a public consensus. Globally, the number stood at 82%.
Investors who are looking to capitalize off of the move to renewable energies should look to the iShares Global Clean Energy ETF (NASDAQ:ICLN). The fund has climbed 13.2% in 2017 and 11% year over year. The fund is heavily weighted in utilities, technology, and industrials.
The global effort to commit to renewable energies is quickly evolving into an effort that is above politics. The Global Clean Energy ETF is an attractive long-term option with this in mind.
