Trump is giving the world a very expensive lesson in fossil fuel dependence. Now is the time to invest in companies that are moving us towards this green future, but how?
ETFs are garbage, IMO. Supposedly “green” ETFs have polluters like Shell, Boeing, CrApple, Total, Transocean, and so much more. According to a report in 2021, 70% of companies in “sustainable” ETFs are “misaligned” aka greenwashing.
I found private investment / crowdfunding companies that allow ESG investments, but recently watched a video that the entire market (private equity in general) was heading off a cliff and to divest ASAP. It hasn’t spooked me completely as it’s just a video, but I need to do some research.
Regardless, these are the ones I found:
- Enerfip - French
- GoParity - Portuguese
- Trine - Swedish
- Triodos Crowdfunding - United Kingdom (it’s a bank, so my trust level is near 0 honestly)
My questions to y’all: how do you invest in green tech? Can you recommend alternatives to the ones I named?
I’m in a bunch of ESG stuff, but that label is very squishy, so you have to do a lot of research on the individual fund(s) to figure out if their current investments and future strategy align with your goals. It’s my retirement plan, and there’s not enough yet, so I compromise a bit to have good returns without exhausting myself researching. E.g.: https://fundresearch.fidelity.com/mutual-funds/summary/09260W600
If you plan to stay where you are at, you could invest locally. Your municipality (and county and state and nation) probably issues bonds, and even if you’ve missed the initial sale, you can often buy them on the secondary markets.
It increases your risk, but you could also invest directly in specific green companies – buying stock if they are publicly traded, or buying stock/equity by contacting the company directly (or via your broker).