CNBC Pro

UBS says $140 trillion will pour into clean energy — and picks the global stocks to cash in

Vokswagen Tarok concept pickup
Handout/Volkswagen Group of America, Inc.

UBS has estimated that around $140 trillion of investment will be spent on decarbonizing the world's energy supply by 2050 and named a number of stocks set to benefit.

2050 is the year many countries have set as a deadline to become carbon neutral, in order to meet targets set out in the Paris Climate Agreement.

Clean energy currently makes up 15% of the total consumed globally, but UBS said this needed to top 55% for the world to achieve net-zero emissions. In a note published Thursday, the analysts said that while the predicted energy transition might be a "once-in-a-generation" investment opportunity, there were "countless" ways to play the theme.

The following 10 stocks were among UBS's top picks:

More In Investing trends

CNBC ProThese stocks are so cheap, they're good buys even if earnings take a hit, Trivariate Research says
CNBC ProThe grand 'work from anywhere' experiment got a few things wrong. Here's how companies are fixing it.
CNBC ProStocks keep hitting new lows. Here's how to protect your portfolio and generate some returns