Two big countries that use a lot of energy have plans to use only clean energy from the sun and wind instead of dirty energy from coal and oil. This is good for the Earth because it doesn't make as much pollution. Some people are making money by investing in companies that make clean energy, but some people are not happy with how much these stocks have lost value recently. Read from source...
- The title is misleading and sensationalist, as it implies that the top 5 world economies are fully running on renewable energy, which is not true. Only two countries (Germany and California) have set such goals, and their achievement is uncertain.
- The article uses vague terms like "renewable energy" without specifying what kind of sources or technologies are included in this category. For example, hydroelectric power, biomass, geothermal energy, etc., may have different environmental and social impacts than wind or solar power.
- The article does not provide any context or comparison for the current global situation of renewable energy adoption and consumption, nor does it mention the challenges and barriers that these countries face in reaching their targets. For example, how much fossil fuel dependence do they have, what are the costs and benefits of transitioning to clean energy, how do they deal with intermittency issues, etc.
- The article focuses mostly on Germany and California as examples of successful renewable energy policies, without acknowledging the diversity and complexity of other regions or countries that may have different needs, preferences, or constraints. For example, what about China, India, Brazil, Russia, or Africa, which are also major players in the global economy and energy market? How do their policies and practices compare to Germany and California?
- The article does not address the ethical or social implications of renewable energy transition, such as how it affects jobs, income, livelihoods, health, equity, justice, etc., for different groups of people within and across countries. For example, who benefits from clean energy investments, who loses, and why? How do we ensure that the transition is inclusive, participatory, and democratic?
Key points:
- The article covers two countries (Germany and California) that have set ambitious targets for renewable energy by 2035 and 2045 respectively.
- It also mentions the U.S. presidential election in 2024 as a major factor for the future of clean energy policies and investments.
- It provides some examples of ETFs and stocks in the alternative energy sector, such as iShares Global Clean Energy ETF, Invesco Solar ETF, NextEra Energy Inc, and First Solar.
- The performance of these assets has been mixed, with some showing modest gains or losses this week, but still recovering from last year's drops.