3 Renewable Energy Stocks

The International Energy Agency forecasts renewables to account for 95% of the net increase in global power capacity through 2025

Vikram Barhat 21 April, 2021 | 2:51AM
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The need for carbon reduction and efforts to counter climate change have never felt more urgent. Leading from the front, the Biden administration is working with allies including Japan, Korea and Canada to boost carbon emission reduction targets, while considering policy options to meet that goal by 2030. For now, all eyes are on the highly anticipated April 22 international climate summit, which coincides with Earth Day, an annual event that marks support for environmental protection.

A significant part of the effort to combat global warming is geared towards lowering dependence on fossil fuel and replacing it with renewable energy. A report from the International Energy Agency (IEA) forecasts renewables to account for 95% of the net increase in global power capacity through 2025, as cost reductions and sustained policy support continue to drive strong renewables growth. If you’d like to participate in the space, keep an eye on these stocks. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Evergy Inc63.82 USD0.19Rating
First Solar Inc74.62 USD1.34Rating
NextEra Energy Inc74.53 USD0.70Rating

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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