Invest in renewable energies, NOT in cryptos or NFTs

 It is really shocking to read this:

“money is flooding into less urgent developments in cryptocurrency, the so-called metaverse & the digital art collections sold as NFTs. Last year, venture capitalists invested $11.9 billion in renewable energy globally, compared with $30.1 billion in cryptocurrency & blockchain”

https://www.nytimes.com/2022/04/18/business/europe-green-energy-investors.html

There really should be NO investment in cryptocurrencies or NFTs, they are scams, Ponzi schemes, worthless assets.

On the other hand, it is URGENT to invest in renewable energies, including in battery storage, as this German company is trying to do:

"Green energy businesses in Europe are struggling to raise funds for the kind of projects needed to meet bold climate targets... VoltStorage, found some success selling storage battery packs for solar power to homeowners in Europe. Now the company is developing much larger batteries — each about the size of a shipping container — based on a chemical process that can store and discharge electricity over days, not just hours like today’s most popular battery technology. These ambitions to overcome the unreliable nature of renewable energy fit perfectly with Europe’s targets to reduce dependence on fossil fuels. But Mr. Bitner’s company is facing a frustrating reality that threatens to undercut Europe’s plans and poses a wider challenge in the global fight against climate change: a lack of money to finish the job."

Personally, I always recommend investing in broad Exchange Traded Funds, not individual companies.

Some ETFs where I have done well by doing good are:

#BGRN ISHARES USD Green Bond ETF

#CNRG SPDR S&P Clean Power ETF

#FAN First Trust Global Wind Energy ETF

#ICLN iShares Global Clean Energy ETF

#LIT Global X Lithium and Battery Tech ETF

#PBD Invesco Global Clean Energy ETF

#PBW Invesco WilderHill Clean Energy ETF

#TAN Invesco Solar ETF

In some cases, you have to be patient.  Both PBD and PBW, for example, are down in the last year, but they are significantly up compared to 2 or 5 years ago.

And in any case you can feel good that you are actually helping the planet instead of wasting energy on some absurd Ponzi scheme.