Capital Markets Will Power the Energy Evolution
By Sarah Morgan, Dave Oelman, and Ramey Layne
The world is embarking on what may be one of the greatest transformations since the Industrial Revolution. Over the next three decades, countries and companies could spend tens of trillions of dollars to build a low carbon global economy. While governments, especially in the U.S. and Europe, are leading the way with bold policy initiatives, most of the work and the vast majority of the money will have to come from the private sector. The need for capital will challenge the financial markets, but at the same time it will open up enormous opportunities for innovators who can find profitable paths to a greener economy.
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