Renewable Energy Stocks - A Good Investment

During his campaign, President Obama has said many times to promote renewable energy sources like solar and wind. He wants to reduce green-house gas emissions by 80 percent by 2050 and his plan for the U.S. to generate 10 percent of its electricity from solar and wind by 2012. Now that is good news for the companies that provide climate-change solutions and also for socially responsible mutual funds. They have invested in companies with strong environmental records and sustainable business practices.

Many financial institutes suggest investing in green energy stocks as with the time the price will go higher. Amy Domini, founder and CEO of Domini Social Investments says that although oil prices have fallen, the world is facing a long term energy crunch.
She also says that solar cells and wind farms companies are the “low hanging fruit” in the green sector, but they are still smart slays with investment potential.

Another company Praxair, an industrial gas company is helping its customers reduce emissions and drive energy efficiency said Ingrid Dyott, a co-manager, Neuberger Berman Socially Responsive Fund. He also sees the opportunities in infrastructure play such as the energy grid, which an estimated $50 billion needs overhaul.

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