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That rubber is finally meeting the road.
“Democrats in the U.S. House of Representatives introduced an updated version of a broad climate action bill that would put the U.S. on a path to 100% clean electricity generation by 2035, mirroring President Joe Biden’s timeline for achieving an emissions-free power sector,” reports
S&P Global Market Intelligence. “The nearly 1,000-page bill also includes provisions that would promote transmission development, require public utilities to place their transmission facilities under the control of a regional grid operator within two years, and compel public companies to disclose information about their exposure to climate-related risks.”
The
ALPS Clean Energy ETF (ACES) is a broad play on renewable energy, but one of its cornerstone exposures is the sizzling solar sector.
ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector.
Enhancing the ACES solar proposition is global adoption of this renewable energy source, which is being led by Australia. That country has optimal weather for solar and tariffs encouraging a move to clean energy.
The Message Is Clear: Green Energy ETFs Have Never Been Hotter
No securities move up in linear fashion, but the
ALPS Clean Energy ETF (ACES) is primed for even more long-term upside as renewable energy investments ramp up.
ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector.
Setting the stage for ACES are expectations that in the coming decades, renewables will account for more power generation than fossil fuels.