Though market signals are not yet very clear, this year’s more successful investors were those who sold their fossil-fuel holdings, thereby avoiding the oil-price crash. Perhaps they were just lucky this year, but their divestment decision makes long-term sense, because it correctly anticipates the future policy shift away from fossil fuels and toward low-carbon energy.
尽管市场信号尚不十分清晰，但今年的成功投资者将是出售化石燃料持仓的投资者，他们因此躲避了油价崩盘。也许他们只是今年鸿运当头，但他们远离化石燃料的决定具有长期意义，因为这一行为正确地预见到未来政策将不利于化石燃料而有利于低碳能源。