Our Privacy Statment & Cookie Policy
All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.
The World Renewable Energy index has outperformed the MSCI global equity benchmark by more than 100% so far this year. Should he win the election this week, Joe Biden has signalled that he would rejoin the Paris climate change agreement and has earmarked $2 trillion towards spending on climate-related projects. These factors help explain why there has been a strong correlation between Biden’s polling and the relative performance of global renewable energy stocks. But the correlation between these two series only firmed up in in October – there was little relationship between the two earlier this year. Incoming legislation in other parts of the world, specifically in Europe where a Green New Deal is in the legislative pipeline, help to explain the rise in renewable energy share prices in 2020. A Joe Biden victory would provide another boost to renewable firms, especially those in the US, while a Donald Trump victory would most likely see profit-taking from those who have made money by investing in renewable energy stocks this year. Fathom recently held an event along with Refinitiv, in which the issue of global warming, its economic impact and the related policy response were discussed within the context of the US election. To access a recording of the event please follow the link. For more information about climate economics and how Fathom’s research into this area could help your organisation please contact lg@fathom-consulting.com.
Refresh this chart in your browser | Edit the chart in Datastream
________________________________________________________________________________________
Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.
Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.
The latest UK headline inflation figure surprised on the downside, coming out at 2.0% in ...
Sir Keir Starmer’s newly elected Labour government is trying to address the UK’s ...
Tensions between Niger and France have increased further, with Niger revoking the French ...
U.S. retail sales for June showed unexpectedly robust performance, with overall sales ...