- The energy transition is the shift from an energy system dominated by fossil fuels to one powered by clean energy,
- We met with numerous global businesses to discuss how the energy transition is affecting each of their industries and influencing their own strategies, competitive positioning and capital plans
- Consistent views emerged around key risks to the transition: grid infrastructure, inputs dependency, labour shortages and the powerful effect of the US Inflation Reduction Act
- As investors we will carefully watch the changing industry dynamics, volatility in margins, technological evolution and supply-chain hurdles, and challenge companies on their risk/reward equations
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How companies respond to the net zero challenge is crucial – as is how investors respond as this theme develops. Download the full Thematic Insight to learn more about this