11 Best Clean Energy Stocks to Buy Now
The Environmental Impact Assessment (EIA) defined clean energy as energy derived from sources that are naturally replenishing but flow-limited; renewable resources are virtually inexhaustible in duration but limited in the amount of energy that is available per unit of time. An example of sources could be sunlight and wind depending on their time and availability. According to Bloomberg New Energy Finance, by 2030, renewable energy sources will account for over 60% of the 5,579 gigawatts of new generation capacity and 65% of the $7.7 trillion in power investment.
The clean energy industry has provided jobs for many Americans over the last couple of decades. According to the Environmental Defense Fund, from 2015-2019, the sector was adding jobs 70% faster than the overall US economy. However the COVID-19 pandemic has took a toll in many industries and the clean energy sector was not immune to this. According to Wood Mackenzie estimates, 2020