Expert: an efficient solution to higher energy prices is ‘solar’

Coulter says fastest way to get new energy online right now is solar.
He is also a proponent of clean energy as it offers better "security".
Invesco Solar ETF is down over 25% versus its high in November 2021.

A near term solution to the rising energy prices lies in “solar”, says Jim Coulter. He’s the Executive Chairman of TPG Capital.

Coulter’s remarks on CNBC’s ‘Squawk Box’

The Ukraine war is keeping oil prices well above $100 a barrel this year. A more efficient means to respond, as per Coulter, is to go solar. This morning on CNBC’s “Squawk Box”, he said:

Invesco Solar ETF is currently down more than 25% versus its high in November 2021, which means the solar stocks are still trading at a discount.

Clean energy offers better ‘security’

Coulter is convinced the ESG investing at large is here to stay. He is also a proponent of clean energy as it offers better “security” than the conventional oil companies. The business tycoon noted:

Earlier this month, President Biden terminated new tariffs on solar panels from Cambodia, Malaysia, Thailand and Vietnam. The exemption will last for two years and will help mitigate the supply pressures on the U.S. solar space.