Power your portfolio with renewable-energy stocks

The COP26 conference showed that fossil fuels are on their way out. This is a big opportunity for companies developing the equipment and technology that will make green energy viable, says Matthew Partridge

Offshore wind turbines
Wind is the second-largest source of renewable energy
(Image credit: © Chris Laurens/Construction Photography/Avalon/Getty Images)

As the COP26 conference in Glasgow showed, world leaders are under huge pressure to slash carbon emissions by phasing out fossil fuels and embracing renewable energy. This transition is likely to lead to a massive increase in overall global demand for electricity as people opt for electric vehicles rather than cars fuelled by petrol and use electricity rather than gas or coal to heat their homes.

David Morrison, senior market analyst at trading platform Trade Nation, estimates that the world “will need around two to three times the electricity currently produced”. No wonder, then, that enormous sums are being invested in meeting this additional demand in a sustainable way. The expenditure is already starting to bear fruit.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri