News analysis
The heat is on for energy transition investors
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Achieving governments’ net-zero targets will take years of hefty investments in transforming the energy status quo.
PHOTO: AFP
SINGAPORE - One hundred trillion dollars.
This is the vast amount we believe the world will spend by 2050 to decarbonise the global economy. It reflects the sheer scale of the energy transition – and the investment opportunity.
Consider this: It took about 50 years to shift from wood to coal, and another 50 years to move from coal to oil as the main energy source globally. Today’s industry scale, coupled with our extreme reliance on energy, makes this transition the most complex in history.