iClima Earth CEO reveals 2024 green rally wishlist
London
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October 23, 2023 01:02 PM Eastern Daylight Time
iClima Earth CEO Gabriela Herculano speaks to Thomas Warner from Proactive after publishing the September edition of the "Monthly Dose of Climate Solutions" report.
Herculano starts by giving a brief overview of the iClima Global Decarbonisation Enablers UCITS ETF, which focuses on companies offering low-emission solutions.
She notes the challenges in the market, particularly in September, with rising interest rates and changes in legislation affecting sectors like solar panel installation. Many of the 159 names in the index have experienced downturns, including even prominent stocks like Beyond Meat and Oatly.
Nevertheless, Herculano emphasises the strong tailwinds that she seems coming along to support the sector, pointing out that the Tesla Model 3 now sells below the average price of combustion engine cars in the US.
She also mentioned the increasing EV penetration in global markets, with 23 countries having over 5% EV sales. The growth of solar energy is also evident, with daily additions of one gigawatt in 2023 expected to triple by 2030.
Herculano concludes by explaining the four things that need to happen in 2024 in order to guarantee a green rally.
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