Børshandlede vedvarende energi porteføljer har haft markant højere investorafkast og lavere volatilitet over fossile brændstoffer i de sidste 10 år og under COVID-19-krisen, ifølge ny forskning Imperial College Business School i samarbejde med Det Internationale energiagentur.
Vedvarende energi klarer sig bedre end fossile brændstoffer på de store amerikanske og europæiske aktiemarkeder, men den samlede investering i ren energi er stadig under det niveau, der er nødvendigt for at sætte verdens energisystem på en bæredygtig vej,
Imidlertid er kapitalfordelingen til vedvarende energi via aktiemarkeder langt under regeringernes mål på grund af andre hindringer for investorer.
I en meddelse fra IEA og Imperial College oplyses det, at “Furthermore, an analysis of the US portfolio over the period January-April 2020 shows that renewable power companies held up better than fossil fuel companies during the Covid-19 pandemic, which suppressed demand and generated unprecedented losses for the oil industry.
The analysis identified a set of key challenges for investors seeking to increase stock market allocations towards renewables, including:
– The renewables listed universe today is small cap / low liquidity and with most asset managers and institutional investors facing certain capital requirements, the vast majority of renewable energy securities would not be an eligible investment.
– There is a lack of depth in the listed renewables universe, which accounts for a fraction of all the investment possibilities in renewable energy. There is also an urgent need for greater transparency for the unlisted investments.
The future value of renewables may be embedded in larger energy companies as new opportunities for the clean energy sector to grow and build scale, not just as a standalone industry, but also as an increasingly visible component of the strategies of some large oil and gas players.
Dr Charles Donovan, Executive Director of the Centre for Climate Finance and Investment at Imperial College Business School, said:
“There’s real momentum gathering behind renewable power, based purely on their economic advantage. Our results show that renewable power is outperforming financially, but has still not attracted sizable support from listed equity investors. Our research demonstrates the challenges to investors of accessing, from a listed markets perspective, the growth potential of the renewable power sector. Existing norms in the investment industry will have to change to provide savers and pensioners with better ways to participate in the upsides from a clean energy transition.”
https://www.imperial.ac.uk/news/197818/clean-energy-outperforming-fossil-fuels-america/
