An Investor’s Guide to Tackling Climate Change
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When the climate change activist, Greta Thunberg said, “I don’t want your hope. I don’t want you to be hopeful. I want you to panic,” she wasn’t talking about investment opportunities.
But one thing we can all agree on is that Thunberg is right about being hopeful. We won’t get a good investment opportunity by just being hopeful. After all, opportunity only knocks on your dooronce.
Which is why, keeping up with climate change, and adopting new technologies, can go a long way for investors.
As an investor, you’re already aware of the changes and effects of global warming on the U.S. economy.
But how can you tackle these changes and effects? How can you get ahead of the competition in a world that’s rapidly changing?
Choose Investment Opportunities Carefully
While investment in general involves risks, it goes without saying that you need to choose opportunities with the least amount of damage.
Last year, Amazon, Google, Microsoft, and Facebook faced repercussions after thousands of employees walked out to protest the companies’ ties with fossil fuel companies.
Investing in companies that will benefit from the transition to low carbon energy is a surefire way to improve your company’s ROI.
Companies like Tesla are leading the way in energy-efficient solutions by 10–30 percent.
Microsoft founder, Bill Gates, recently sat down with Financial Times and talked about how investment into fossil fuel is ineffective, and how companies thinking outside the box to cut down greenhouse gases were benefitting financially.
Adopting similar strategies can help investors connect with the right businesses and opportunities.
Innovate and Think Outside the Box
As mentioned above, thinking outside the box and coming up with innovative solutions is the key to ensuring financial stability, as well as finding good investment opportunities.
For example, if you take a look at the company, Crop One, they specialize in vertical farming. They grow crops indoors and use less water compared to traditional agriculture.
Another company, Winnow—a food waste management company—uses AI technology and cameras linked to garbage disposals in restaurants to monitor which type of food is thrown away.
Taking advantage of the latest technology and using it to tackle problems caused by climate change is a great initiative to take in terms of investment.
Diversify Your Investment Portfolio
Since climate change will eventually affect the global economy, it’s advised that investors diversify their portfolios.
Investing in gold, silver, and palladium is a great way to cope with the economic setback. Gold and palladium prices are predicted to rise and continue rising throughout the year.
Gold, silver, palladium, and other precious metals can save investors from hyperinflation during an economic crisis, since they can be converted into cash.
If you’re looking for investment opportunities, you’ve come to the right place.