Amid geopolitical tensions and increasing climate consciousness worldwide, the ongoing energy crisis is re-igniting the debate about what role alternative energy sources, such as nuclear, gas and wind, play in the shift to green energy and how investors can support it.
Last week, the Institutional Investors Group on Climate Change (IIGCC) published an open letter to EU Member State representatives calling for gas to be excluded from the EU Taxonomy – a framework used by investors to assess alignment of their portfolios and investments with net zero emissions.
While well-intentioned, this pronouncement fits within a current movement in the investment space which considers the attainment of sustainable energy and global sustainability in very one-dimensional terms.
The Institutional Investors Group on Climate Change (IIGCC) has this week published an open letter to EU Member State representatives and MEPs calling for the EU to exclude gas from its Taxonomy.
Carbon capture is a transition technology that is poorly understood, yet it has the potential to change our transition materially. And it isn’t talked about enough.
The recent spike in natural gas prices has been nothing but a wake-up call for Britons, many continental Europeans, Brazilians and Japanese alike, who depend on the resource to firm demand and supply in their energy grids. While there is talk of power price decoupling from gas prices in the future, the biggest question will be, how long that will take. The pundits and speculators are out with views, yet the truth is, nobody really knows.
Coal plants in Germany remain significantly more profitable than gas plants, even as the benchmark intraday price for the dirtier fuel rises to its highest level in a month and carbon trades near a record above 70 euros. The spark-and-dark chart for the first quarter of next year, estimating profitability for the different fuel types, shows coal margins above 80 euros and gas with negative margins.
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