The Long & Short of It

The Shift to Clean Energy

12 AUG 2019
TOPICS: Clean Tech and Renewables | Europe

The push to curb climate change is reshaping the energy industry. With a shift to a low-carbon economy underway, Goldman Sachs Research estimates that limiting global warming may require up to $30 trillion in clean-energy infrastructure investments by 2040. While the energy sector currently accounts for more than two-thirds of greenhouse-gas emissions, big oil and utility companies are well-positioned to play a key role in the transition to clean energy. In Europe, this transformation is already underway, where oil companies are spending 50% of their capital expenditure on low-carbon activities. As emissions targets become increasingly ambitious, Goldman Sachs Research expects big oil and utility companies to be at the forefront of decarbonizing the global economy.

 

 

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