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Investors Turn to SPACs for Clean-Energy Bets

Rebecca Elliot of The Wall Street Journal writes that investors are turning to special acquisition companies(SPACs) to invest in clean energy.

The C3 Take
  • Wall Street is moving from oil and gas to invest in renewable energy.
  • Investments in oil and gas are expected to slip from $1 trillion annually to $935 billion annually by 2030.
  • Private sector investment is leading the charge to reduce our emissions and grow clean energy.

“For the first time on record, private-equity firms globally have done more deals this year in clean technologies than in oil and gas, though the average deal size was smaller, according to PitchBook data as of early December.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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