In recent years, cities, states, and even countries around the world have been looking for ways to address climate change and to preserve and generate new energy. Green technology is not new, however going green is a growing trend that many companies are moving towards. Due to national and state regulations, many businesses will be forced to go green in the next 10 years. Green technology has to be made by a company before it can be used. There have been several companies that have been identified as strong companies that will greatly benefit from the green technology that they offer. These earnings can be transferred to you, with the right shares to invent.

Stocks to invest in – ABB

Using less energy is an obvious solution when it comes to preserving global energy fuels. As politicians continue to pass bills requiring all of us to reduce our energy use, companies that offer energy efficient products will be in high demand. ABB forecasts annual revenue gains of 25 percent over the next decade. This is largely because they sell power transmission equipment that can reduce power loss between the end user and the power plant. They also have strong sales on their industrial equipment that includes energy efficient motors and robotics. As cities around the world replace outdated power transmission equipment, ABB is expected to see a steady increase in sales as the world goes green, and that makes it one of the actions in which to invest.

Stocks to Invest – American Standard

American Standard has been in business for more than 78 years. You may have seen the name “American Standard” in your bathroom or kitchen. In order for this company to focus on its most profitable division, American Standard is finalizing the sale of the kitchen and bath division of its business. This will allow them to focus on manufacturing energy efficient heating and air conditioning systems. Branded Trane, they are the leader when it comes to energy efficient climate control systems. American Standard will be one of the big stocks to invest in because building heating and cooling account for 1/3 of energy demand. Warren Buffett’s Berkshire Hathaway is one of American Standard’s largest shareholders.

Stocks to invest – Covanta

Why not turn our garbage into energy? That is exactly what Covanta does. Covanta is a leader when it comes to waste-to-energy facilities. Currently operating 32 waste-to-energy plants that generate power by generating steam and heat from burning municipal garbage and waste. Garbage hauling companies pay Covanta to accept their trucks full of garbage. This is a huge advantage since landfills in the United States are filling up quickly. While oil and natural gas shortages are a concern, there will never be a shortage of the trash that millions of people produce every day in the United States. That’s why Covanta is one of the stocks to invest in as we find new ways to go green and find ways to address climate change.