Probably no major politician is as skeptical of renewable energy as Donald Trump.
He said that the noise from windmills causes cancer… called climate change a Chinese hoax… and launched what Rolling Stone called "a war on solar."
Even so – and I'm not being snide here – Donald Trump may be the biggest unsung hero of the $95 trillion global movement towards clean energy.
In his waning days as President, in December 2020, Trump quietly signed a law…
The bill amounted to $900 billion in spending and was thousands of pages long.
And tucked inside was one provision sending $35 billion in tax credits and subsidies towards clean energy.
Rolling Stone called the law "a huge win for the planet." The head of the environmentalist group Sierra Club, called it "a light in the darkness." Another environmentalist called it "perhaps the most significant climate legislation Congress has ever passed."
And clean energy stocks celebrated accordingly…
Electric vehicle stocks like Tesla and Nikola Motors jumped 33% and 56% respectively over the following month.
The fuel cell firm Plug Power rose 117%. The Nasdaq First Trust Clean Edge Green Energy Index Fund, a basket of clean energy stocks, rose 23.96% for the month.
Now, all of this is ironic. But here's what matters for investors today…
Trump showed what $35 billion in stimulus could do for clean energy stocks.
But in the next few months, President Biden is set to implement a clean energy stimulus that's hundreds of billions of dollars greater.
What will $370 billion in stimulus do for clean energy in the months and years ahead?
What's coming is the greatest clean energy catalyst of our lifetimes – and award-winning futurist investor Eric Fry has pinpointed one $16 stock to buy right now.
To access his free report, "The Number 1 EV Stock to Buy," click here.
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