The energy transition is not driven solely by policy but by market forces that are becoming increasingly difficult to ignore. By Eleanor Fraser-Smith
The global investment landscape is shifting, particularly in the US, where recent political changes have intensified opposition to environmental, social and governance (ESG) principles. Deregulation efforts, withdrawal from international climate commitments, and increasing hostility towards sustainability-focused investment suggest a potential slowdown in regulatory support.
But while these developments present immediate challenges, they do not alter the structural forces driving the transition towards a more sustainable economy. Investors, businesses and policymakers across the world remain focused on the energy transition, not driven by ideology, but because the financial and economic realities make it a necessity.
