Effects of the COP21 talks on climate change are already being noticed in world markets. Fossil energies assets are dropping while renewable energies are soaring.

Peabody Energy, American largest coal producer saw its value drop by 12.6% on the 14 December, thus bringing depreciation for 2015 to 93% of its value. Assets of Consol Energy Inc, another coal/natural gas-based energy producer also decreased by 3.3%.

Meanwhile, the value of assets of companies investing renewable energies, solar leading, increased. SunPower’s value soared 8.7%, First Solar’s 5%; MAC Global Solar Energy Index hiked 4.5% in its value. REC Silicon, manufacturer of solar panels components recorded the highest peak, a 10% increase. “Of all renewable energies technologies, solar undeniably places itself at the top towards achieving reduction of greenhouse gases,” said SunPower CEO Tom Werner. Wind turbines manufacturers Vestas Wind, Nordex and Gamesa also recorded a growth of 2 to 5% in their value. Idem for MAC Global Solar Energy Index who soared 1.4%.

According to investment bank Goldman Sachs, the increase in value should extend to all firms offering alternatives to fossil energy. Barclays supporting this view, advised its clients to take into consideration the economic implications of the agreement on the various industries. “Denying a global transformation of energy market would only result in increasing final costs for investors and consumers,” affirmed Tim Burkley, analyst at the Institute for Energy Economics and Financial Analysis.

Gwladys Johnson