Vokswagen Tarok concept pickup
Handout/Volkswagen Group of America, Inc.
UBS has estimated that around $140 trillion of investment will be spent on decarbonizing the world’s energy supply by 2050 and named a number of stocks set to benefit.
2050 is the year many countries have set as a deadline to become carbon neutral, in order to meet targets set out in the Paris Climate Agreement.
Clean energy currently makes up 15% of the total consumed globally, but UBS said this needed to top 55% for the world to achieve net-zero emissions. In a note published Thursday, the analysts said that while the predicted energy transition might be a “once-in-a-generation” investment opportunity, there were “countless” ways to play the theme.
The following 10 stocks were among UBS’s top picks: