Gas and nuclear energy are playing an increasing role in meeting the world's energy needs, despite the growing focus on renewable energy sources. The transition to clean energy is continuing, but at a slower pace than originally expected. Nevertheless, it is still clear that reliable and sufficiently available sources such as natural gas and nuclear energy will play a crucial role in the coming decades.
This creates investment opportunities for stocks of companies that benefit from these trends, such as GE Vernova, Baker Hughes and Cameco. Why should you consider investing in these companies?
GE Vernova $GEV: Gas and renewables in one
According to a recent McKinsey report that focuses on the energy transition, the pace of the transition to clean energy is slower than originally expected. Even as renewables grow, fossil fuels will continue to play a significant role in meeting global energy demand through 2050, according to the report. McKinsey estimates that fossil fuels' share of total…