These companies are leading in renewable energy

Falling prices, growing adoption and newer technologies are expected to support continued growth for solar and wind energy.

Vikram Barhat 14 June, 2017 | 5:00PM
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U.S. President Donald Trump's decision to pull out of the the Paris climate accord was environmentalists' worst nightmare. Widely regarded as a setback to global efforts for cleaner earth, the move drew sharp reaction from across the world.

While the United States still remains by far the largest contributor to global greenhouse pollution, Trump's withdrawal is unlikely to stop the renewable revolution sweeping across the U.S and elsewhere.

A report from the International Energy Agency (IEA) forecasts that 37% of power generation will be from renewable sources by 2040, compared to 23% today. In fact, over the next five years, renewable, particularly solar and wind, is going to be the fastest-growing source of electricity generation worldwide, says another IEA report.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
First Solar Inc105.24 USD1.94Rating
General Electric Co104.68 USD-1.25Rating
General Motors Co58.10 USD0.75Rating
Siemens AG ADR80.78 USD-2.46Rating
Tesla Inc897.00 USD3.60Rating

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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