The CSR Minute: Renewable Energy Use and Investment Continues to Rise
Renewable Energy Use and Investment Continues to Rise
There’s more evidence that the trend lines for renewable energy will continue to rise, despite the Trump administration’s focus on coal and other carbon fuels. The numbers tell the story. Five states now get at least 20 percent of their electricity from wind. All five are traditionally Republican: Kansas, Iowa, Oklahoma, North Dakota, and South Dakota.
The solar industry now employs over 260,000 workers nationwide, with states that lean Republican among the largest employers: Texas, Florida, Arizona, and North Carolina. The reliance of these Republican states on wind and solar power is drawing support for alternative energy within sectors of the Republican Party, despite the pro-fossil-fuel stance of the president, reports the New York Times.
That’s good news for investors such as the Shelton Green Alpha Fund, which has returned 8.51 percent in the 12 months through March 31 with a portfolio that is 20 percent invested in renewable energy companies. In the renewable energy sector, the market is defining policy. I’m John Howell for 3BL Media.