
Signaling the growing significance of clean energy, New York Stock Exchange EuroNext and Bloomberg New Energy Finance recently launched three clean energy stock indices.
The creation of the new regionally-focused stock indices will allow companies who produce green energy resources to be tracked as all other stocks. With a growing number of producers and consumers of clean energy, some see the new stock indices as a necessity.
“The new indices provide a solid foundation for tracking the regional exposures by domicile for clean energy initiatives while accurately weighting each company’s economic exposure to their respective sector,” said George Patterson, NYSE Euronext’s managing director of European indices.
The clean energy indices are proposed to provide in-depth details on international opportunities and other aspects of the clean energy industry that previous indices have not been able to supply.
The three new indices will follow 125 to 325 renewable energy companies, which have become large companies in the past several years.
According to Bloomberg New Energy Finance, the amount of money spent on renewable energy capacity will double by 2020.

