Citi: Investors Tapping Alternative Energy, Infrastructure Firms
A growing international consensus to tackle climate change is going to mean a new emphasis from investors on alternative energy sources from traditional fossil fuels and the expansion and renewal of infrastructure, Reuters reports.
111 companies across 24 industries from 28 countries are well positioned to benefit from global efforts to curb climate change, according to Citi’s “Climatic Consequences Companies” index. That’s up from 74 companies in 21 industries in 18 countries last year. While they’re well positioned, they’re not necessarily well-priced, warns Edward Kerschner, Chief Investment Strategist for Citi Global Wealth Management.
Kerschner adds that the rapid increase in demand for clean water favors companies involved in cleaning up polluted rivers or in the desalination plant business. More investment firms could also become involved in building and running nuclear power stations, he says.
Additionally, 39 companies that build, own or operate infrastructure assets are likely to benefit from China’s plans to spend up to $500 billion on road and rail projects over the next 30 years, Kerschner says.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Con Edison Development Procures GE Energy Storage System
- Courthouse Replaces Oversized Boiler
- Indoor Farming Company Works on HVAC with PUE 1.0
- Toolkits Designed to Help Health Care Facilities Reduce Energy
- San Antonio Macyâ€™s Store Showcases Better Buildings Challenge Measures
- Natural Gas Gensets to Reach 27 GW of Installed Capacity by 2024
- Larson Releases a Solar Powered Generator with Manual Crank Mast
- Energy Efficiency in Food Service Businesses