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Why UBS GWM is cautious on renewable energy in the near-term

UBS Global Wealth Management (UBS GWM) is taking a more cautious stance on the renewables sector in the near-term, due to headwinds including supply constraints and the high cost of storage solutions, instead advising clients to take a holistic approach to the energy transition. The Swiss lender’s view comes as private banks increasingly recommend renewable assets to their clients, with…

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