Global directory citi12/5/2023 ![]() ![]() A recent analysis by The Economist suggests the war in Ukraine and additional subsidies to green technology has potentially advanced the clean-energy transition by 10 years. ![]() ![]() The bank previously has described the energy transition away from fossil fuels as an unstoppable trend but it’s one that’s speeding up. Though some firms forecast a new supercycle for the oil industry, the bank forecasts below-trend growth rates for fossil fuels, and views that, along with OPEC’s cuts, as not indicative of such a phenomenon. “Markets are pricing it very rationally, and that makes it potentially very attractive for investors.”Ĭiti Global Wealth’s recent mid-year report, released last month, suggests the long-term growth potential in sustainable energy is “potent and unrelated to today’s economic challenges.” “That nets out to a more positive view on energy, per se, than one would have had at this time during a normal slowdown,” he says. The current environment offers a neutral backdrop suggesting that it’s possible to identify leading companies that are successfully managing the clean-energy transition, their balance sheets, and capital expenses, Bailin says. ![]()
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