For the first time on record, renewable energy sources surpassed coal in electric generation in the United States. Recent growth is coming primarily from wind and solar, with reduced costs contributing to the surge. With investments from the passage of the Inflation Reduction Act in 2022 to fight climate change, along with the Russia-Ukraine conflict impacting the global natural gas markets, the transition to renewable energy has accelerated and will likely continue as governments across the globe aim to curb emissions.
Investing in the energy sector involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.