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As populations grow and resources become strained, renewable energy is now a major priority of governments around the world. For countries such as Australia, China and India, where electricity is largely generated from high carbon-emitting coal, many see the future of renewable energy as critical.
Increasingly, investors are choosing to back companies that support the environment while ditching fossil fuel emitters. According to the Responsible Investment Association Australasia (RIAA), companies that support renewable energy and energy efficiency are the most popular choices among ethical investors in 2021.
By holding shares in a company, you're also given voting rights that can encourage better environmental practices.
If you're looking to invest in companies that support the growth of sustainable energy sources, you can start here. Below is a list of renewable energy companies that are listed on the Australian Securities Exchange (ASX).
Note: This is a general guide only and should not be taken as investment advice. The above list may not be fully representative of the Australian renewables marketplace.
There are several categories of renewable energy including solar power, wind power, biomass, geothermal and hydroelectric, and some include nuclear energy to that list, despite its controversy. Below is a list of ways that you can invest in companies that support renewable energy.
Also read: Invest in sustainability ETFs
Executive, Policy and Standards for Responsible Investment Association Australasia (RIAA).
Find out if a product already screens for fossil fuels. If they do, how do they do screening? Do they exclude companies producing coal, oil and gas? Or they go further to also exclude companies selling products (like petrol stations) or providing finance and logistics to fossil fuels companies? Do they fully exclude companies on this basis? Or do they still let in companies that generate some revenue from fossil fuels?
Secondly, look for the products investing in climate solutions. Climate change solutions products may focus on renewable energy power generation, energy efficient property and sustainable land management practices. Look for products that include investments in these themes and have been certified by RIAA as quality, true-to-label and meets the Australian and NZ Standard for Responsible Investment.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Important: Share trading can be financially risky and the value of your investment can go down as well as up. Standard brokerage is the cost to purchase $1,000 or less of equities without any qualifications or special eligibility. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
In the last century, we've come to rely on fossil fuels to create electricity, power our vehicles and drive manufacturing. But overwhelming evidence says the extraction and use of coal, oil and gas are causing irreversible environmental damage and global warming. Fossil fuels are also finite – over time we'll be forced to rely on alternative energy sources, regardless of our environmental views.
With the world's population expected to reach almost 10 billion by 2050, both environmental constraints and limited fuel and water supply (used in mining) will increase our need for renewable and clean energy sources. For these reasons, investing in renewable energy makes both environmental and money sense.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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