Wall Road decide shares for a possible $1 trillion power alternative

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On Monday, November 4th, 2019, technicians will inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility. in Squamish, British Columbia, Canada.

James MacDonald | Bloomberg | Getty Images

Wall Street analysts believe that a “hidden” investment opportunity in the energy sector could be critical as the world tries to deviate from fossil fuels.

According to Bank of America, the capacity to capture and store carbon – known as CCS – could almost quadruple by 2050. Analysts for the bank said cumulative investment in the industry could reach $ 1 trillion by 2050, according to more optimistic estimates.

Reaching this milestone is likely to be led by the US and Northern Europe, according to the bank, while China’s promise to hit net-zero emissions by 2060 drives adoption of the technology in Asia.

Morgan Stanley and Goldman Sachs also recognize that CCS is an evolving technology that has the potential to go from strength to strength.

Here are some of the top stocks in the sector that analysts expect to outperform:

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