While the 12-year bull market that ended in 2021 was driven by growth companies , a
Growth companies – those that can generate earnings independently of the broader economy – are more attractive when general economic growth is relatively low, such as during the post-GFC period that had unusually weak growth, partly because governments were practising austerity. – which have partially overlapping objectives and between them introduce $US2 trillion in federal spending over the next 10 years.Jeff Currie, Goldman Sachs’ global head of commodities research, describes the IRA in particular as “very significant”.
Together with other programs, it’s expected the EU will spend about €2 trillion on renewables and grid infrastructure, including plans to more than double the installed solar capacity by 2025 and then just about double it again by 2030 by making solar panels mandatory for public and new residential buildings.
Green VC banks?😁
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