Published on 12 Dec 2023 on Insider Monkey via Yahoo Finance

12 Best Clean Energy Stocks To Buy According to Billionaires

In this piece, we will take a look at the 12 best clean energy stocks to buy according to billionaires. If you want to skip our overview of the clean energy industry and some recent news, then you can skip and read 5 Best Clean Energy Stocks To Buy According to Billionaires.

Alongside biotechnology and artificial intelligence, the clean energy sector is one of the strongest growing segments in the world. Momentum to push the world towards emissions free energy use has grown over the decades, and as of 2023, the developed world has laid out serious plans to make the shift to renewable. This shift comes even as the 2022 Russian invasion of Ukraine slowed down investments in renewable energy as the world's energy supply chain recalibrated itself away from Russian oil.

Overall, the renewable energy industry remains on track to be one of the biggest in the world. As an example, consider the fact that the crude oil industry was worth $1.4 trillion in 2021 and is slated to grow at a compounded annual growth rate (CAGR) of 1.8% to be worth $1.6 trillion by 2029. Now, consider market research estimates for the global renewable energy industry. These show that the sector was worth $881 billion in 2020 and is slated to grow at a CAGR of 8.4% to be worth nearly $2 trillion by 2030.