Goldman Sachs is heralding the arrival of the new green-energy majors.
The bank estimates a €10 trillion investment into the sector by 2050.
Here are the new energy titans and the upside to investing in them, according to Goldman Sachs.
The green revolution has ushered in a new generation of energy majors that are poised to dominate the sector and overtake the traditional oil and gas giants in terms of size and prominence.
Already, investors are pushing cash into the green story. In 2020, the combined market value of the three green supermajors the Italian utility Enel, the Danish wind-power firm Orsted, and the Spanish power company Iberdrola overtook the combined market capitalization of Total, BP, and Shell, with the two groupings at €231 billion ($280.12 billion) and €214 billion ($259.50 billion), respectively.
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President-elect Biden and the Democrats may be secured a majority in congress, but the razor-thin margins limit what they can do.
Investors expect further stimulus aiding growth, and steepening the treasury curve.
Value assets and the financial sector offer good opportunities, according to Morgan Stanley and Rathbones.
Risks remain for markets, including inflation and regulation.
Last week, President-elect Joe Biden and the Democrat party sealed a majority Government, flipping two Georgia Senate seats blue.
Markets largely reacted positively, despite a small decline in Big Tech stocks, with the Dow Jones hitting a record high, and a sell-off in Treasuries as investors forecasted a boosted economic growth.
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2020 has presented the global community with one of the harshest ever wake-up calls, pushing ESG issues to the fore of the investment world.
Here are the four trends Luke Barrs, who is head of fundamental equity client portfolio management in EMEA and Asia (ex-Japan) for Goldman Sachs Asset Management, is watching. The push we have now for greater social equality, for better income equality, and gender and ethnic diversity is an important conversation and one that should have happened a lot longer ago, he said.