In response to the Russian invasion, a number of European countries have argued for speeding up the energy transition. Germany, in a rather historic move, has turbocharged its transition by moving forward its plans to be 100% renewable by 15 years, to 2035 – bringing them in line with US and UK. In the US, Biden, during his State of the Union speech mentioned that fighting climate change will translate into energy savings for American households. He understands that climate is important, energy security matters, and there is a role for cost lowering technologies to play in fighting inflation.
Our Environmental Strategies Group reflects on the latest market events and argues that the environmental theme that has never been in a better fundamental state, with valuations at levels not seen since the lows of the flash crash in March 2020.
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