Continuing the green wave in the financial markets, Blackrock and Temasek, a Singapore investment fund, have created a US$600 million joint venture to invest in companies and technologies proven to reduce or potentially eliminate greenhouse gas emissions. The alliance between the two financial firms is part of a vigorous return of investors to clean technology companies.

After experiencing a boom in the late 2000s, especially in companies related to renewable energies, the sector suffered a crash that began in 2011 and caused investors to lose around US$25 billion. Market interest in the sector remained on the floor since then, until last year, when it began to take flight with a vengeance again. The iShares Global Clean Energy ETF, for example, has shown a return of more than 111% over the past year. The exuberance in prices has led some analysts to fear a bubble in the sector. Bloomberg columnist Noah Smith, however, does not see a bubble. The reality, he says, is very different from 10 years ago.

The main clean technologies have matured and come down in cost and are no longer so dependent on government support. Moreover, the sector has already suffered a significant correction this year. Still, among cleantech investment assets there are a growing number of start-ups and innovative companies targeting the next frontier of the sector, such as energy storage, electromobility, green hydrogen and carbon dioxide sequestration, where the risks - and opportunities - are greater and where, analysts point out, there will be much more volatility. You can see the iShares Global Clean Energy price chart here https://yhoo.it/3eWKiSL