You Know Who Believes in Climate Change? The Stock Market

There’s an old climate joke that goes, “You may not believe in climate change, but your insurance company does.” If you’re in the market for new environmental humor — and really, who isn’t? — you can now update this to say, “You may not believe in climate change, but the stock market does.”

For much of this year, the S&P Global Clean Energy Index has outpaced the S&P 500 Index, the Nasdaq 100 Index and the MSCI World Index, Bloomberg News noted this weekend as part of a report about Jefferies analysts unexpectedly declaring these the “glory days” for green tech.