The index is a modified, free float-adjusted market capitalisation weighted index that tracks the performance of more than 175 global equities with considerable exposure to the clean energy sector.
Dave Gedeon, Global Head of Equity and Strategy Indices at Bloomberg, says: “With increased recognition of the significant global investments necessary for de-carbonisation coupled with declining renewable energy costs and ever increasing technologies for renewable energy, our launch of a Clean Energy Index is particularly timely, and we look forward to offering this solution to the climate-focused investing community.”
Kyri Loupis, Head of Energy Infrastructure & Renewables at Goldman Sachs Asset Management, remarks:” Mainstream investors have an important role to play in financing the clean energy transition, especially as the battle against climate change intensifies. With new technologies and government policies emerging, however, the energy transition is rapidly evolving and requires a dynamic investment approach. As such, we are excited about leveraging BloombergNEF’s real-time energy insights and proprietary datasets to help investors reallocate capital to align with their long-term climate goals.”