The Capital Transition

Finance, the fuel of energy investment, is at the center of the energy transition. Managing the current energy system while fostering new low-carbon technologies and markets will require the mobilization of significant public and private capital, in the face of policy risks, trade tensions and geopolitical disruptions. Meanwhile investors’ choices are sending mixed signals to companies about how to move to a lower emissions energy system while delivering the returns stakeholders need. The financing of the energy transition in emerging markets remains challenged as availability of capital, regulation and risk levels slow investments and capital flows.