Clean tech in focus as stock market awaits German election

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Indonesia Berita Berita

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FRANKFURT : Germany's upcoming national election is likely to show the most fragmented outcome in decades and markets could struggle to work out the implications for stocks, with one exception: if you score low on green technology you face trouble.Analysts say the pro-environment Greens have a good chance

FRANKFURT : Germany's upcoming national election is likely to show the most fragmented outcome in decades and markets could struggle to work out the implications for stocks, with one exception: if you score low on green technology you face trouble.

"The upcoming German elections will have significant implications for ESG-related policies, affecting corporates and investors," JP Morgan analysts said, singling out stocks with high CO2 emissions as potentially exposed. In addition, there are concerns over what a stricter approach to emissions could mean for Germany's mainstay car sector, which includes Daimler, BMW and Volkswagen.

This also holds true for RWE - one of Europe's largest renewables players - and energy networks operator E.ON, Credit Suisse analyst Wanda Serwinowska said. Although it should be clear within hours of the polls closing on Sept. 26 how the various parties have fared, it could take months of coalition talks to work out who the next chancellor will be and the make-up of the government as polls suggest no one party will come close to a majority.

 

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