With concerns mounting about the human influence on climate change, highlighted by U.S. President Joe Biden rejoining the Paris Agreement on his first day in office, the importance of clean energy to the economy continues to grow.

According to recent polling by Pew Research, 79% of American adults now say the U.S. should prioritize developing alternative energy sources—suggesting the acceleration toward clean energy is sustainable. This piece reviews the impact the movement toward clean energy is having on economic activity and the major long-term investment implications.

Clean Energy Defined

Clean energy is produced through methods that do not release greenhouse gases or other pollutants. It is often referred to as renewable energy since many forms of clean energy are renewable, including solar, wind, water, geothermal, and bioenergy.

We also view nuclear as a clean energy source since it does not emit carbon dioxide (CO2) and is well suited for the base-load generation that is needed due to the cyclical nature of solar and wind power generation. Consequently, we see nuclear playing a key role in reducing greenhouse gases.

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