Brookfield Renewable Partners (NYSE: BEP)īefore we dive in, please note that the alternative energy sector - like most sectors - are subject to the whims of politics and public opinion.And to that end, you may want to consider these clean energy stocks for the long haul. So it might not happen right away but at some point in the future, we will likely see a cleaner, greener world. We won’t.Īt the same time, thanks in large part to electric vehicles (EVs), consumers are rethinking their fuel source. Whatever you do, though, don’t buy clean energy stocks thinking that we’ll go green overnight. Calls to replace combustion power with electric within a matter of years is too optimistic in my opinion. Though I’m no friend of the petroleum industry, fossil fuels feature high energy density: this is simply a scientific reality. Nevertheless, you want to tread carefully. Again, this bodes well for clean energy stocks. has an incentive to be the global leader in green solutions, not the laggard. For one thing, government agencies have produced ample data regarding climate change and the need to get on top of the problem. Though subject to vigorous debate, the issue here is that the rest of the world is moving toward alternative energy infrastructures. This would be welcome news for clean energy stocks, but big oil? Not so much. A contentious component of the proposal includes replacing subsidies for the fossil fuel industry with programs designed to incentivize the green energy sector, an initiative that falls under the president’s $2.3 trillion infrastructure plan. Treasury Secretary Janet Yellen released details regarding a proposed tax hike.
Rather, President Joe Biden consistently talked about the need to address climate change, which has serious implications for energy stocks.
Regarding the new administration, this didn’t just represent a changing of the guard from a rather strange time in U.S. As many pundits from across the political spectrum have stated, elections have consequences.
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