Q4 2023 Review
Quarterly overview of stock index performance and the top trends impacting the state of clean tech.
“The future is already here – it’s just not evenly distributed,” is the oft-quoted dictum attributed to sci-fi author William Gibson. This certainly reflects the shift from fossil fuels to clean energy – where some places are far ahead of the energy transition curve. Last year, for example, Germany and Spain reached 52% and 50% of their electricity generation from renewable energy (RE) sources, respectively, a record for both. For six consecutive days in October, Portugal was fully powered by RE on its grid, and RE accounted for 61% of the country's electricity generation in 2023, up from 49% a year earlier. We see similar energy transition milestones in transportation; more than half of all passenger cars sold in countries like Norway, Iceland, and Sweden are now electric vehicles (EVs)...