The Climate Short: Hedge Funds Pile Up Huge Bets Against Green Future

[excalibur]

Green Energy is a loser.

It is unreliable, thus the necessity of backup and/or redundant systems, Which means rate payers are getting it in the neck.

The fast money on Wall Street has taken a close look at key sectors in the green economy and decided to bet against them.

Despite vast green stimulus packages in the US, Europe and China, more hedge funds are on average net short batteries, solar, electric vehicles and hydrogen than are long those sectors; and more funds are net long fossil fuels than are shorting oil, gas and coal, according to a Bloomberg News analysis of positions voluntarily disclosed by roughly 500 hedge funds to Hazeltree, a data compiler in the alternative investment industry.

The findings provide a glimpse of how the most rarefied corner of finance has cooled on the investment prospects of a green transition ...

The hedge funds’ bets have coincided with a wave of momentum that’s been building against key corners of the green economy. Since a recent high in 2021, the S&P Global Clean Energy Index has lost almost 60% of its value, while the S&P 500 Index and the S&P Global Oil Index have soared more than 50%. Impax Asset Management, a $50 billion investment firm that’s made a name for itself as a champion of the clean-energy transition, has seen its market value more than halved over the period.

...​

Bloomberg - Are you a robot?

 

[shockedcanadian]

Green Energy is a loser.

It is unreliable, thus the necessity of backup and/or redundant systems, Which means rate payers are getting it in the neck.

The fast money on Wall Street has taken a close look at key sectors in the green economy and decided to bet against them.

Despite vast green stimulus packages in the US, Europe and China, more hedge funds are on average net short batteries, solar, electric vehicles and hydrogen than are long those sectors; and more funds are net long fossil fuels than are shorting oil, gas and coal, according to a Bloomberg News analysis of positions voluntarily disclosed by roughly 500 hedge funds to Hazeltree, a data compiler in the alternative investment industry.

The findings provide a glimpse of how the most rarefied corner of finance has cooled on the investment prospects of a green transition ...

The hedge funds’ bets have coincided with a wave of momentum that’s been building against key corners of the green economy. Since a recent high in 2021, the S&P Global Clean Energy Index has lost almost 60% of its value, while the S&P 500 Index and the S&P Global Oil Index have soared more than 50%. Impax Asset Management, a $50 billion investment firm that’s made a name for itself as a champion of the clean-energy transition, has seen its market value more than halved over the period.

...​

Bloomberg - Are you a robot?

So they are clearly betting on Trump then. Weird, because Harris is going to win,

 

[jwoodie]

So they are clearly betting on Trump then. Weird, because Harris is going to win,

By hook or by crook?

 

[toobfreak]

Green Energy is a loser.

Of course it is. It will always be a loser. It cannot compete with fossil fuels for one simple reason: nature created fossil fuel with a 200 million year head start.
Man has only had about 100 years.
Put simply from an engineering POV:

The energy is already in the fuel. It is simply released through simple combustion. The Sun, plants, and 200 million years of decomposition have already done the rest.
But solar energy involves many stages of handling.

1. First you must mine and manufacture the cells before you can even start. Then you must install, maintain and replace them.
2. Then you have to wait for daylight/daytime, then hope it is a sunny day and that the sun is high in the sky.
3. Then you must store the resulting electricity in a battery to hold over for night time and cloudy days.
4. Then you must invert the DC into AC power with losses.
5. Then you must transmit the AC over long distances to the load where it can be used.

Every one of these steps incurs not only losses in conversion, but losses in cost. Therefore, green energy can never be as efficient as fossil fuel, as cheap, and maybe not even any cleaner in total, all things considered. It's only advantage is a relative lack of release of GHGs.

 

[Dr.Know]

So they are clearly betting on Trump then. Weird, because Harris is going to win,

No Harris is not going to win,,, THE DEEP STATE IS AGAIN

 

[Mikeoxenormous]

Green Energy is a loser.

It is unreliable, thus the necessity of backup and/or redundant systems, Which means rate payers are getting it in the neck.

​

The fast money on Wall Street has taken a close look at key sectors in the green economy and decided to bet against them.​

​

Despite vast green stimulus packages in the US, Europe and China, more hedge funds are on average net short batteries, solar, electric vehicles and hydrogen than are long those sectors; and more funds are net long fossil fuels than are shorting oil, gas and coal, according to a Bloomberg News analysis of positions voluntarily disclosed by roughly 500 hedge funds to Hazeltree, a data compiler in the alternative investment industry.​

​

The findings provide a glimpse of how the most rarefied corner of finance has cooled on the investment prospects of a green transition ...​

​

The hedge funds’ bets have coincided with a wave of momentum that’s been building against key corners of the green economy. Since a recent high in 2021, the S&P Global Clean Energy Index has lost almost 60% of its value, while the S&P 500 Index and the S&P Global Oil Index have soared more than 50%. Impax Asset Management, a $50 billion investment firm that’s made a name for itself as a champion of the clean-energy transition, has seen its market value more than halved over the period.​

​

...​

Bloomberg - Are you a robot?

One thing about shorting, if the stock you short goes completely under, then all that money you expect, just isnt there.

 

[whitehall]

Someday the private sector might make a breakthrough and develop non fossil based energy but we aren't there today and we won't likely be in the foreseeable future. So-called "green energy" is a scam and an extortion racket today. The majority of the power that windmills and solar panels generate is political power.

 

[Mikeoxenormous]

Someday the private sector might make a breakthrough and develop non fossil based energy but we aren't there today and we won't likely be in the foreseeable future. So-called "green energy" is a scam and an extortion racket today. The majority of the power that windmills and solar panels generate is political power.

Wasnt Nuclear a breakthrough energy that was not based on fossil fuels? Seems that Bill Gates, can get an old relic up and running again, if enough money is given in a private enterprise.

 

[LeftofLeft]

Fossil fuel is good enough for Asia, India, The Middle East, Latin America …. Yet the American Left only has a problem with US using fossil fuel.