Clean energy-based investments, known as Environmental, Social, and Governance (ESG) funds, are performing better than fossil fuel backed investments during the current financial decline.
- ESG funds were not considered safe investments by naysayers, but the hits taken throughout the year are not nearly as bad as their fossil fuel counterparts
- $30 trillion of the world’s assets are now in ESG funds and climate-conscious, wealthy millennials play a huge part in these investments
- ESG funds are now being incorporated into 401(k)’s and retirement plans
- Volatile oil prices are a major reason why ESG funds are more stable since these funds stay away from major fossil fuel investments
The Climate Center’s Business for Clean Energy network supports businesses committed to a climate-safe California.
Read More: https://grist.org/energy/as-coronavirus-infects-markets-sustainable-funds-prove-their-mettle/
Nina TurnerEnergy Programs and Communications Coordinator
Janina is a graduate of the Energy Management and Design program at Sonoma State University with experience in non-profits that specialize in sustainability and volunteerism.