Green Stocks Plummet as World Turns Back on Net Zero – Guido Fawkes

Green Stocks Plummet as World Turns Back on Net Zero

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The S&P Global Clean Energy Transition Index has fallen to pre-Covid-spike levels last seen five years ago. The green energy stocks tracker has fallen by 16% in the last 12 months…

In the US Trump has frozen Biden-era Inflation Reduction Act funding for green projects. Analysts say high interest rates, inflation, and more pressing political challenges than net zero (e.g. wars) have eroded growth in green energy projects. Most of which require borrowing and high capital injections that may never pay off…

Defence stocks are meanwhile up in Europe as the continent grapples with the prospect of defending Ukraine itself. Even the EU is beginning to water down its upcoming strict green regulations in the face of panic from its own declining manufacturing industry. Not that any of that will stop Miliband…