After China, the world’s biggest polluter – and its biggest green manufacturing hub – committed to peaking emissions by 2030 and achieving carbon neutrality by 2060, clean tech stocks soared.
Photographer: Qilai Shen/BloombergWealthiest Green Entrepreneurs Lose $141 Billion as Market Turns
The biggest clean tech tycoons have lost more of their collective net worth than any other group
Not long ago, demand for renewable energy, electric vehicles and all kinds of greener technologies was creating wealth beyond measure. Now the richest people in green sectors are seeing their billions evaporate.
The 15 groups of moguls on Bloomberg’s “Green Billionaires” list, which includes the world’s richest person, Elon Musk, have seen their collective fortunes drop by $141 billion over the past seven months, wiping out roughly one-quarter of their net worth. The 15 biggest tech billionaires, a list that also includes Musk, have by comparison lost 23% of their worth, while the world's top 500 richest tycoons have lost 14% of their wealth over the same period.