So we have a consensus that there has to be a global transition to net-zero carbon emissions by 2050, if not sooner. Supranational bodies, national governments, major corporations, NGOs and financial institutions have their differences in timing or the mix of solutions.

But particularly with the departure of the Trump administration, we largely agree on the requirement to shift away from fossil fuel.

So why have fossil fuel equities prices, broadly, been rising since the beginning of the year, and why are many clean energy equities performing weakly, or even declining in price?

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