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

Highlights 

  • World leaders are holding a closed-door climate meeting at the UN.

  • This comes six weeks before COP-26 to be hosted by the UK in Glasgow.

  • In addition to leading economies, leaders from developing and small island nations will also be a part of the meeting to discuss climate action.

A closed-door meeting of world leaders will be hosted by British Prime Minister Boris Johnson and UN Secretary-General Antonio Guterres on the sidelines of the UN General Assembly in New York next week, which will aim at boosting commitments towards climate action. This comes just weeks before COP26, a major UN climate meeting, to be hosted by the UK in Glasgow, with the aim of bringing countries together to achieve the 1.5 degrees Celsius century-end warming goal.

A senior UN official said there have been discussions on climate action at the G7 and G20 over the last two years, but there was no platform provided for the hardest-hit countries to speak to the leading economies regarding the climate issues they are facing. Thus, the closed-door meeting has been set up, not to be held in the dark, but to facilitate an honest dialogue instead of pre-planned statements.

Apart from G20 leaders, the meeting will include leaders of developing and small island nations as well, either in-person or virtually. But it is still not confirmed if the top two polluters of the world, China, and the US, will take part in the meeting or not.

The three climate priorities laid out by Guterres include countries making stronger commitments to reach net zero emissions by 2050 as per Paris goals, developed countries raising US$100-billion climate action fund, and protecting the hardest-hit nations from climate catastrophes.

ALSO READ: Do G7 nations favour investment in fossil fuels over green energy?

Climate change is one of the top priorities of the UK, and it has been taking steps to reach its goal of net zero emissions by 2050 by investing heavily in green infrastructure, low-carbon technology, and renewable energy etc. Let’s take a look at some green energy UK stocks one can buy now.

Greencoat UK Wind PLC (LON: UKW)

Headquartered in London, Greencoat UK Wind PLC is a leading renewable infrastructure fund which invests in operating wind farms in the UK. Its investment manager is Greencoat Capital LLP. With a market capitalisation of £2,762.31 million, the company is listed on the London Stock Exchange since 2013 and is also a constituent of the FTSE 250 index. Its earnings per share is 0.07 and its 1-year return is 5.11%. Greencoat UK Wind PLC’s shares were trading at GBX 140.20 at 8:10 AM as of 16 September 2021.

Gore Street Energy Storage Fund PLC (LON: GSF)

UK-based Gore Street Energy Storage Fund PLC is London's first listed energy storage fund. It invests in facilitation of renewable growth and invests in assets across the UK as well as globally. With a market capitalisation of £310.75 million, the company is listed on the London Stock Exchange since 2018 and is also a constituent of the FTSE All-Share index. Its Earnings per share is 0.12 and its 1-year return is 5.24%. Gore Street Energy Storage Fund PLC’s shares were trading at GBX 111.00 at 8:10 AM as of 16 September 2021.

ALSO READ: What is a net zero economy? Is it possible?

Active Energy Group PLC (LON: AEG)

Headquartered in London, Active Energy Group PLC is a UK-based renewable energy company that focuses on traditional and second-generation biomass products to contribute towards creating a global green economy. With a market capitalisation of £16.58 million, the company is listed on the London Stock Exchange since 1997 and is also a constituent of the FTSE All-Share index. It has a green economy mark on the LSE which means that more than half of its total annual revenues are generated from green activitiesIts Earnings per share is -0.01 and its 1-year return is -22.73%. Active Energy Group PLC’s shares were trading at GBX 0.38 at 8:11 AM as of 16 September 2021.

AFC Energy plc (LON: AFC)

Headquartered in Cranleigh, AFC Energy plc is a leading UK-based company which provides hydrogen fuel cell power systems for the generation of clean energy to help in the global energy transition. With a market capitalisation of £388.52 million, the company is listed on the London Stock Exchange since 2007 and is also a constituent of the FTSE AIM UK 50 index. It has a green economy mark on the LSE. Its Earnings per share is -0.01 and its 1-year return is 197.16%. AFC Energy PLC’s shares were trading at GBX 54.50 at 8:12 AM as of 16 September 2021.

Ceres Power Holdings plc (LON: CWR)

Headquartered in Horsham, Ceres Power Holdings plc is a world-leading UK-based company which developes low cost, next generation solid oxide fuel cell (SOFC) technology. With a market capitalisation of £2,210.67 million, the company is listed on the London Stock Exchange since 2004 and is also a constituent of the FTSE AIM UK 50 index. It has a green economy mark on the LSE. Its Earnings per share is -0.09 and its 1-year return is 126.45%. Ceres Power Holdings PLC’s shares were trading at GBX 1170.00 at 8:12 AM as of 16 September 2021.

ALSO READ: Efficacy of a net-zero target

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