Published on 6 Jul 2023 on Insider Monkey via Yahoo Finance
10 Best Green Energy Penny Stocks to Buy Now
In this article, we discuss the 10 best green energy penny stocks to buy now. To skip the detailed analysis of the renewable energy industry, go directly to the 5 Best Green Energy Penny Stocks to Buy Now.
Renewable sources are on the fast track to making their mark in the energy industry and taking over the fossil fuel industry. According to the International Energy Agency (IEA), the global energy sector investments are expected to be around $2.8 trillion. Renewable energy is expected to take up $1.7 trillion out of these investments. Between 2021 and 2023, green energy investments were expected to rise by 24% compared to 15% for fossil fuels.
For Europe, The Russia-Ukraine war and the energy crisis in the continent have pushed it toward a faster adoption of renewable energy. The European Union reached a provisional deal with plans to increase the percentage of renewable energy in its total energy mix. By 2030, clean energy is expected to account for 42.5% of Europe's total energy mix, up from the current 32%.