Great Year for Investments in Clean Energy ETFs

Surging commodity prices, exacerbated by Russia’s invasion of Ukraine and the ensuing halt in Russian global imports, have emphasized the need for improving the scale of clean energy sources across the globe.“It is readily apparent that renewables will get even more attention than before. It took the shock of the current (Russian) war to finally bring the energy security issue to the forefront,” Pavel Molchanov, Raymond James energy analyst, said in a statement. “Energy security and energy transition both point in the same direction, mutually reinforcing the shift away from fossil fuels.”Despite floundering global equity markets, the ALPS Clean Energy ETF (ACES) gained 6.60% last week. ACES was driven by the U.S. banning energy imports from Russia, which is expected to disrupt already-tight energy supplies and divert investment to alternative sources. Additionally, the…

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