A “bubble” has developed in renewable investments largely because of underperformance in other assets, according to professor Dieter Helm, the author of a 2017 government review of energy policy. He said the reason why environment, social and governance funds have been outperforming broader market indices over the past year is that a big chunk of the latter are invested in oil and gas, demand for which has suffered during the pandemic.
Oil and gas slump creating renewable investment ‘bubble’
