There is a huge demand for clean energy in various parts of the world, and that would affect the performances of some stocks in the market. The performances of the stocks would ultimately affect how some exchange-traded funds (ETFs) perform in the short and medium term.
Demand for Renewable Energy Continues to Grow
The global demand for clean energy has been increasing in recent years, thanks to the desire to reverse the effects of global warming. World leaders are working hard to ensure that carbon emission is reduced and the world uses cleaner energy sources.
Despite the desire to use renewable energy, the amount of power currently generated by renewables is still not enough to meet the rising demand for this type of energy. CNBC pointed out that “The total amount of renewable energy that’s available is growing. That’s good news for a world threatened by potentially…
Direxion’s Clean Energy ETF Could Rally Higher Due to Global Demand
