Climate change stocks to watch ahead of COP26

What do Mumbai, Miami and the Maldives have in common? Due to rising sea levels, they are all at serious risk of being completely submerged in the coming decades. 


This Sunday 31 October, Glasgow will host the 2021 United Nations Climate Change Conference, also known as COP26.


As more people shift to more sustainability-conscious lifestyles, the pressure is mounting on political leaders to take immediate action. 


The growing interest in climate change has also trickled into the trading sphere, namely in the form of climate change and green energy stocks. These stocks might be challenging to trade, however, since the future trend is towards a more sustainable and greener world, now is the time to build momentum and get to know such green assets.

Paint your portfolio green with renewable energy stocks

Renewable energy (biomass, hydropower, wind energy, solar energy and geothermal power) and waste management are the primary green investment sectors. 


States and industries all over the world pursue decarbonisation plans while demand for clean energy increases. In the United States, renewable energy firms are also set to benefit from the Biden administration’s clean energy plan. 


Investments in clean energy confirm that the renewable energy industry is growing at a faster rate. However, because the market is still growing, the high competition is causing drastic swings in prices. 


Tesla [TSLA.O: NAS] is a game-changer when it comes to clean energy and innovation. Apart from being a prominent player in the automotive industry, Tesla has expanded its activities into renewable energy generation and storage solutions. The company has become the first clean energy company to attain a market valuation of $1 trillion.


Following a recent shift towards residential solar power, SunPower Corp [SPWR.O: NYS] is now leading the market in solar energy stocks. Wall Street is beginning to warm up to the critical solar sector as a whole, lifted by the green wave.


Another well-known company in the renewable energy industry is Nextera Energy Inc [NEE.N: NYS]. NextEra is the largest electric utility holding company by market capitalisation. It’s also the largest in the US in terms of retail electricity produced and sold with about 58 GW of generating capacity. What’s more, NextEra is the world’s largest producer of wind and solar energy.


If you want to go green with your portfolio, why not try trading climate change stock CFDs? Check out our product page to find all the mentioned companies and more!

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