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?
Is your goal financial return, or promoting an environmental / energy efficient future? Both? I think people usually mean the former when they say “invest” but it might mean either.
If it fits your goals, looking for a community solar or municipal energy plan with a green/local option can provide additionality, and ‘less climate catastrophe’ / ‘more energy independence’ are kinds of return on investment I value.
Though I’d also like my retirement funds to be supporting / depending on value from non fossil fuel.