HSBC projects $10 trillion in capital expenditures will be allocated to low-carbon energy between 2010 to 2020.
Currently, the weak global economy and record low carbon prices have kept many clean energy firms from investing and growing their businesses. The solar industry has been particularly hard hit as prices on their panels dropped around 40%. [Solar ETFs are Worst Performers in 2011]
- Powershares WilderHill Clean Energy Portfolio ETF (NYSEArca: PBW): down 51.3% year-to-date
- Powershares Global Clean Energy Portfolio ETF (NYSEArca: PBD): down 41.3% year-to-date
- iShares S&P Global Clean Energy Index Fund ETF (NYSEArca: ICLN): down 46.1% year-to-date
- iPath Global Carbon ETN (NYSEArca: GRN): down 56.0% year-to-date
Powershares WilderHill Clean Energy Portfolio ETF
For more information on socially responsible investments, visit our socially responsible ETFs category.
Max Chen contributed to this article.