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UBS has estimated that round $140 trillion of funding will be spent on decarbonizing the world’s energy provide by 2050 and named plenty of stocks set to profit.
2050 is the yr many nations have set as a deadline to turn into carbon impartial, in order to meet targets set out in the Paris Climate Agreement.
Clean energy at present makes up 15% of the whole consumed globally, however UBS mentioned this wanted to high 55% for the world to obtain net-zero emissions. In a be aware printed Thursday, the analysts mentioned that whereas the predicted energy transition could be a “once-in-a-generation” funding alternative, there have been “numerous” methods to play the theme.
The following 10 stocks had been amongst UBS’s high picks:
