How to invest in green technology and beneficiaries of the EU’s massive Green Deal? ETFs and funds are interesting, direct stock picking perhaps less so due to the breadth of the field and my desire for monthly savings.
I looked at OP’s funds, but an annual management fee of 1.8% isn’t appealing, and the content might not be exactly what I’m looking for either.
Someone else has probably already sifted through these?
Someone more skilled than me at summarizing is very welcome to hijack the thread with some kind of introduction to the Green Deal if they feel like it.
You should read through that energy thread. It has a pretty broad discussion related to the topic. Many companies are also mentioned, which you should definitely look into. It’s worth learning a bit about hydrogen if you’re not already familiar with it.
Thanks for linking the energy thread. I’ll have to read through it.
Although by far the most significant, energy is still only one area, and I’d be interested to know where I could find other green technologies (e.g., circular economy, construction, transport, etc.) in a centralized manner.
In funds, such as FIM’s climate fund, the angle seems to be, for example, companies with a greener carbon footprint, but often not green technology companies that benefit from massive EU investments and megatrends.
You should listen to the Stock Market Day linked by @Mauri.
In general, if you want to identify companies that could benefit from the funds distributed through the EU Green Deal, you first need to know the project’s criteria. The problem with ESG investing is that the definition of responsibility is so subjective and implemented through so many methods. For example, Neste is considered a responsible company by some, while others exclude it completely from investments because it also produces fossil fuels. Fortum is also a good example from this perspective.
ESG investing can be socially and/or environmentally ethical, but many companies, like Neste for example, try to market their operations as ethical in some way, even though the production of biofuel causes an insane amount of environmental destruction by clearing rainforests to grow palm oil for biofuel. It doesn’t help much that carbon dioxide emissions are lower when the form of destruction is just different and not measured by Neste at all. Try to assess the ethics of that.
I personally invest in the Jupiter Ecology fund, and from Finland, I only know of OP’s responsible funds, although I haven’t looked into other providers because I don’t have the option to open an account with another bank.
