2min chapter

Goldman Sachs Exchanges cover image

As China reopens, what’s ahead for commodities in 2023?

Goldman Sachs Exchanges

CHAPTER

Esg

When energy prices were as high as they were, renewables started looking more attractive on a cost basis. Green hydrogen or clean tech was down similar to what the big tech was down over that time period anywhere from 30 to 50%. And part of the reason for that is the relative returns in a higher interest rate environment for old economy start to look much better.

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