Engineering is a key part of the solution and the government seems to recognize this. The U.S. Army Corps of Engineers have proposed a $52 billion coastal seawall strategy that could protect New York City, for example.
This could be a tailwind for government contractors like AECOM (ACM). The company has worked with the Federal Emergency Management Agency (FEMA) for over 40 years and has assisted 3.5 million disaster survivors while responding to over 400 disasters worldwide. This engineering giant trades at 29.7 times earnings per share.
A key part of the consumer fight against climate change may very well be transitioning to electric vehicles. This is an area being led by Tesla, one of the largest EV makers in the world.
In addition, Tesla is a supplier of grid-scale batteries, which could help clean up and secure power supplies in many regions.
Tesla stock is currently down 55% from its all-time high, which could be an opportunity for investors seeking exposure to the green energy sector.
Brookfield Renewable Partners
Transitioning to green energy may be a longer-term solution to climate change as many nations work toward decarbonization.
On the receiving end is Canadian company Brookfield Renewable Partners. It owns and operates clean energy production plants across the world. It’s already one of the largest suppliers of hydroelectricity and is rapidly scaling up its wind and solar farms.
The company’s stock value has nearly doubled in the past five years on the NYSE (82%), although it peaked in January 2021 when it was nearly triple its May 2018 value.
For long-term investors worried about climate change, Brookfield Renewables is a top pick.
Meet Your Retirement Goals Effortlessly
The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way
WiserAdvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.