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