Ariel Investments, an investment management company, released its “Ariel Fund” first-quarter 2023 investor letter. A copy of the same can be downloaded here.
Renewable energy stocks are in the spotlight after the European Union reached a provisional deal to increase the percentage of renewable energy in its total energy mix to 42.5% by 2030, up from its current.
10 Best Renewable Energy Stocks to Buy Now
Energy usage around the world is rising as emerging economies in Asia become the drivers of the manufacturing power in the global economy. According to statistics released by the United States Energy Information Administration, the energy usage on the planet is expected to grow by 50% in the next three decades, largely due to the rising demand from China, India, and other nations in the East. However, diminishing fossil fuel sources and global warming concerns around the burning of coal, oil, and gas have led to a shift in governmental priorities.
Global Shift to Renewable Energy