More Countries Are Going GreenWhen we look back 10 years from now, it will be very clear that COVID-19 was the turning point when renewables went from zero to 60 mph in the blink of an eye. Economies everywhere have been decimated by the pandemic. Governments have rolled out massive spending schemes. Virtually every country has directed a big chunk of that spending toward the green revolution. Countries like South Korea, France and Italy have declared billions of dollars in subsidies for rooftop solar panels. Bailout plans for struggling airlines also included environmental requirements. Sweden, for example, imposed conditions to reduce carbon dioxide emissions by 25% by 2025 as part of its rescue aid to Scandinavian Airlines. Oil-rich Colombia just announced a recovery plan that will spend $4 billion on wind, solar, geothermal and hydropower energy. Morocco's government plans to adopt legislation to incentivize investments in green energy. Pick a country, and you will see that it is driving the green revolution with government support. New Zealand, Australia, India, Germany, China, Canada... I can go on and on. Nigeria's COVID-19 stimulus plan includes $620 million for a program to install solar home systems for 5 million households. Now It's Our TurnThe "least green" COVID-19 response has actually been here in the United States... But someone is ready to change that. President-elect Biden has a $2 trillion climate plan that is his most important issue after COVID-19. He is going to be a positive force for transitioning to clean power generation. The Biden administration is bullish for... - Energy efficiency plays
- Providers of equipment to railways
- Environmental consulting
- Businesses that help obtain environmental permitting
- Water infrastructure
- Smart technology providers
- And, of course, renewable energy generators.
The key takeaway at this moment is that the green revolution is no longer in the future. Whether you like it or not, it's here to stay... So let's profit from it! Good investing, Jody P.S. As a Profit Trends reader, you're already familiar with Energy and Infrastructure Strategist David Fessler and his expertise in the energy sector. He recently discovered a once-in-a-lifetime disrupter... and it's an absolute STEAL right now. Check it out here. |
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