Climate Funds Look to Regain Footing After Three Down Years
Clean energy funds are dirt. They’ve slumped roughly 30% this year after losing almost 5% of their value in 2022 and a whopping 23% in 2021. The renewables industry has been battered by rising interest rates, which have been especially damaging for new solar projects, and disappointing earnings, caused largely by higher capital costs and lower profit margins.