Details

Autor(en) / Beteiligte

• Trovato, Elisa

Titel

War gives energy transition a renewed sense of urgency

Ist Teil von

• Professional Wealth Management, 2022-04, p.24

Ort / Verlag

London: The Financial Times Limited

Erscheinungsjahr

2022

Beschreibungen/Notizen

• "Investors realise inflationary cost pressures relating to fossil fuels are unlikely to persist in the very long term, as Europe looks to 'immunise' itself from traditional forms of energy," says Zane Bezuidenhout, senior equity analyst, Investec Wealth & Investment. [...]the renewable side is more durable in the investment thesis, given governments' net zero ambitions, over and above creating energy independence." Burning fossil fuels represents the largest source of greenhouse gas emissions and the dominant cause for temperature rises and extreme weather events. Global temperatures have already increased by 1.1°C. DECREASING COSTS Thanks to advances in technology and scale, the cost of renewables and batteries has decreased by up to 85 per cent since 2010 for solar and wind energy, according to the Intergovernmental Panel on Climate Change (IPCC). According to Bloomberg New Energy Finance, energy transition will cost $100tn to $130tn.