Top 5 FTSE green stocks to buy as UN climate talks kick off

Highlights 

• World leaders gather for pre-COP UN climate talks in Milan.
• This comes four weeks before COP-26 summit to be hosted by the UK in Glasgow.
• As per a new report by the Energy Transitions Commission, 1.5 degree C threshold is attainable at a relatively low cost over the next decade.

Just a few weeks before the UK government is preparing to host the critical COP26 climate summit in Glasgow, ministers from all over the world have assembled in Milan for the final pre-COP UN talks, which will be held till Saturday. Prospects for COP26 brightened after announcements were made on coal and climate finance by the US and China last week at the UN General Assembly. COP stands for Conference of the Parties, and is an annual summit attended by most countries in the world to track the climate change problems across the globe. The summit was initially scheduled for 9-19 November 2020 and was later postponed due to Covid-19. It will be held this year from 31 October to 12 November in the Scottish Event Campus (SEC) in Glasgow, UK.

However, the most significant issue, which needs to be resolved before COP26 in early November is related to money, as the rich countries are failing to deliver on the pledge of channelising US $100 billion a year in climate finance for supporting developing nations to fight the menace of climate change. The fund is still US $20 billion less than the promised US $100 billion, and if sufficient funds aren’t arranged then the poor countries will have to suffer much more than developed countries despite not contributing proportionally to climate issues.

Over the next few days, while discussions will be held about the climate fund as well as other related issues, there is some optimism in terms of attainable green goals. A new research report by the Energy Transitions Commission has stated that it is very much possible to attain the 1.5 degree C temperature threshold at a relatively low cost over the next decade.

ALSO READ: Climate Meet Before COP26: 5 FTSE Green Energy Stocks To Buy

Let’s take a look at some of the green stocks listed on the LSE which may be impacted by the news.

Active Energy Group PLC (LON: AEG)

Active Energy Group PLC is a renewable energy company that works on traditional and biomass products to contribute towards creating a global green economy. It has a green economy mark on the LSE, which means that more than half of its total annual revenues are generated from green activities. Its current market capitalisation is £16.58 million. The previous close price of Active Energy Group PLC’s shares was GBX 0.43 as on 29 September 2021.

AFC Energy plc (LON:AFC)

AFC Energy plc builds hydrogen fuel cell power systems for the generation of clean energy. It has a green economy mark on the LSE. Its current market capitalisation is £391.45 million. It has given a return of 206.12% in 1 year. The previous close price of AFC Energy plc’s shares was GBX 53.30 as on 29 September 2021.

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Ceres Power Holdings plc (LON: CWR)

Ceres Power Holdings plc develops low-cost, advanced solid oxide fuel cell technology. It has a green economy mark on the LSE. Its current market capitalisation is £2,123.09 million. It has given a return of 93.58% in 1 year. The previous close price of Ceres Power Holdings plc’s shares was GBX 1,115.00 as on 29 September 2021.

EQTEC PLC (LON: EQT)

EQTEC PLC is a global bioscience energy company which has operations in the UK and Ireland and specialises in gasification technology and has a green economy mark on the LSE. Its current market capitalisation is £112.18 million. It has given a return of 162.00% in 1 year. The previous close price of EQTEC PLC’s shares was GBX 1.31 as on 29 September 2021.

Inspired PLC (LON: INSE)

Inspired PLC is a leading UK-based energy consultancy company offering its support to the most cost-effective energy solutions with a green economy mark. Its current market capitalisation is £170.60 million. It has given a return of 20.90% in 1 year. The previous close price of Inspired PLC’s shares was GBX 17.50 as on 29 September 2021.

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