$5 Trillion Hedge Funds Bet Against Clean Energy, Threatening Climate Goals

Oct 21, 2024, 09:10 AM

Hedge funds are piling up significant bets against clean energy and green technology stocks, marking a substantial shift that could hinder global efforts to combat climate change. The $5 trillion hedge fund industry is increasingly net short on key sectors of the green economy, including companies involved in batteries, electric vehicles, solar energy, and other renewable technologies. An analysis of over 500 hedge funds' bets reveals this trend, despite substantial climate stimulus from governments in the US and Europe. This move by Wall Street may prove more damaging than political pushback over 'woke' capitalism, potentially undermining the global battle against climate change amid culture wars and a hostile geopolitical environment.