Current events and the political climate have inspired many people to invest in a way that can make a difference.
One emerging trend is changing how businesses and investors work, known as sustainable investing. With various sustainable methods at the forefront, the future of climate change seems to be looking a bit brighter – well, a bit better than before.
Even if it is just a slight mini-facelift of the earth’s surface.
If you are thinking about investing green, then going for sustainable investing could be for you. “It not only helps shape the world by contributing to positive social change but it’s proven that both individuals and businesses can benefit financially,” says Harvard.
The goal is to, whenever possible, use investment dollars to promote positive societal impact, corporate responsibility, and long-term financial return.
However, one type of investment stands out from the rest – renewable energy.
This convenient alternative to fossil fuels or coal is becoming a buzzword more and more these days. But it is still not growing as fast as our planet needs it to.
I mean, climate change is a real threat and to preserve our species, we need to shift our fuel sources to renewable alternatives such as wind, solar power, water or bio-oils.
As the technology to make renewable sources is expensive and constantly developing, billions of dollars are being rolled between companies, governments and NGOs.
Does this mean we need more wind turbines, water dams, solar panels or ethanol for our cars?
Well, it seems so.
Take Saudi Arabia, for example. They “invested $50 billion into renewable energy, and their prince, Mohammed bin Salman announced last year that they would generate 50 per cent of their energy from renewables by 2030,” says Climate Change News.
The country that controls oil prices and is one of the wealthiest nations planned to invest a ten-year strategy towards green energy a few years back. It is still going strong.
Renewable energy is a modern industry. In 2020, Singapore planned to launch a blockchain market platform for companies built and designed in-house. This enabled organizations to trade via online certificates.
These digital pieces of paper represented energy generated from renewable resources. The purpose was to create a platform that could become secure, trustworthy and traceable for each transaction.
The world’s superpowers (the leaders) want to utilise and capitalize on it. Since Asia is so involved in renewable energy, you would expect one of the biggest economies on the continent to help them mediate the process.
According to Forbes, “renewable energy investments are delivering massively better returns than fossil fuels in the U.S., the U.K. and Europe.”
It seems that renewable energy is one to watch out for because they combine natural sources and intelligent technology.
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