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McKinsey: ‘cleantech sector is gaining steam’

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Despite critics and equity indexes suggesting the cleantech sector has performed badly in recent years, consulting firm McKinsey says the industry is “gaining steam – with less and less regulatory assistance”.

An analysis from Sara Hastings-Simon, Dickon Pinner and Martin Stuchtey, all from McKinsey, looks at the myths and realities of the cleantech sector and urges people not to be put off by “high-profile setbacks”.

They argue that the world is on the cusp of a resource revolution with technology poised to change the way resources are used and improve productivity. “This result will be a new industrial revolution that will enable strong economic growth, at a much lower environmental cost than in the past,” the writers say.

They explain that rather than failing the sector has “experienced a cycle of excitement followed by high (and often inflated) expectations, disillusionment, consolidation and then stability as survivors pick up the pieces”. This is something that has been seen in other emerging technologies in the past, such as cars, oil and the internet.

The authors dispel the myth that the deployment and influence of clean tech will only be marginal, highlighting that in 2010 renewables already accounted for 18% of global consumption and is the fastest growing form of energy.

They also dismiss claims that the sector depends on regulatory support and that technologies have under delivered in terms of their impact.

The authors write, “It’s also important to look beyond financial statements. Global wind installations, for example, have soared about 25% a year since 2006. And global commercial investment in clean energy has more than quadrupled, from nearly $30 billion (£17.8bn) in 2005 to about $160 billion (£95.2bn) in 2012.

“Even countries with vast reserves of oil and coal recognise that they can’t miss out and are developing sustainable programs for renewables.”

In contrast, the analysis points out that new mining discoveries have remained relatively flat despite high levels of investment, suggesting that clean energy is now a more attractive investment opportunity.

Cleantech was recently labelled as an “attractive proposition for investors following the Intergovernmental Panel on Climate Change’s (IPCC) latest report, which calls for a rapid transition to clean energy to mitigate the impact of climate change.

McKinsey added, “Cleantech is no passing, unprofitable fad. The sources of underlying demand – a growing middle class around the world and resource constraints – aren’t going away, and cleantech is pivotal in dealing with both.”

Photo: stevex64 via Freeimages

Further reading:

IPCC climate report means cleantech ‘an attractive proposition for any investor’

Cleantech venture investment at $6.8bn in 2013, led by energy efficiency

Nine UK firms appear on Global Cleantech 100

Global cleantech industry worth $170bn after growing 18% in 12 months

Bill Gates and Vinod Khosla among investors in US cleantech form

Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

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Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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How to make a sustainable living out of Forex Trading?

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sustainable forex trading
Shutterstock Licensed Photo - By Robert Kneschke | https://www.shutterstock.com/g/robertkneschke

There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.

In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.

1. Limit your risk ceiling

When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.

2. Learn about leverage ratio and account type

When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.

3. Start small

While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.

4. Learn to control emotions

A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.

5. Automate your processes

I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.

6. Keep it simple.

Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.

Conclusion

I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.

Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.

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