According to the International Energy Agency, only three out of 26 critical sustainable energy technologies are advancing fast enough to meet global climate targets set in Paris. How can we accelerate the pace of sustainable energy innovation and market adoption of new energy technologies and solutions? How can innovative finance models mitigate investors’ risk? What role can private and institutional investors play to increase sustainable investment necessary to accelerate cleantech development and adoption?
The O&G industry is embracing clean technology more than ever and traditional energy companies have moved past initial skepticism of renewable energy sources and sustainability initiatives to become increasingly bigger players in the energy transition. Every year the volume of investing and partnering in diverse cleantech areas, including renewables, batteries, hydrogen, water treatment, or EV charging, continues to grow. This growth of new technologies and investment opportunities requires the development and implementation of a clear strategy for cleantech investments that finds the right balance between sustainability goals and corporate returns. What is the strategic approach by oil and gas companies in cleantech? What is the right level of investment to become a cleantech leader without negatively impacting overall company returns?