Renewable Energy Stocks outperform fossil fuels during pandemic - "protective effect"
Financial Times (paywalled):
“US clean power stocks rose 2.2 per cent in the first four months of the year, while their fossil fuel peers fell 40.5 per cent, according to a study by Imperial College London and the International Energy Agency.”
“We found that renewable power had a bit of a protective property, and that is something we did not know before,” said Milica Fomicov, a researcher at Imperial and one of the reports authors.
“There is a conventional wisdom that renewable power is great for the planet but if you are interested in making money, fossil fuels are the way to go. But what this study shows is, the conventional wisdom in wrong,” said Charles Donovan, head of the Centre for Climate Finance and Investment at Imperial College Business School and lead author of the report.
https://www.ft.com/content/08675019-1386-49ac-a718-031d6ab85051