
The Path to Net Zero: Managing the Transition
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How Do We Unlock That Investment?
We need to unlock an extra $1 trillion per annum of investment in energy over the next five years. I see very few signs of that happening at the moment. The first one is to create regulatory certainty around the carbon on a global basis, ideally with the frame or global carbon pricing. Second is to create specific incentives for new investment, which make renewables and hydrogen and bioenergy profitable through specific incentives. And then the third one is for the market to start to de-risk the growth profile of some of these companies through lower cost of capital.
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