CERAWeek: One big bank’s solution to the energy tech finance gap

Mar 21, 2024

Ana Carolina Oliveira from ING discusses financing low-carbon technologies at CERAWeek. She highlights the challenge of the finance gap for energy transition. The podcast explores ING's efforts in sustainable finance, bridging finance gaps in energy technologies, and navigating capital challenges. It also delves into ING's approach to biodiversity and the urgency for action in finance.

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Introduction

00:00 • 2min

Financial Sector's Commitment to Sustainability and Energy Transition

01:48 • 3min

Bridging the Finance Gap in Energy Technologies

04:22 • 7min

Navigating Capital Challenges in the Deflationary Environment

11:21 • 2min

ING's Approach to Biodiversity and Urgency for Action in Finance

13:24 • 4min

In this episode of the ESG Insider podcast, we sit down on the sidelines of CERAWeek with Ana Carolina Oliveira, Head of Sustainable Finance in the Americas for ING, a global banking and financial services corporation headquartered in Amsterdam.

Ana explains how ING is working with companies across sectors to facilitate the low-carbon transition — including by financing emerging low-carbon technologies.

“If you think about the $5 trillion that needs to be put every year to finance transition by 2030, believe it or not, this money is out there,” Ana says. "The challenge is this mismatch between legacy risk-return profiles, the way banks were wired to look at risk-return for something now that still needs to be scaled and the technology sometimes still needs to be proven.”

S&P Global's CERAWeek conference is one of the biggest events in the energy industry, convening global leaders to talk about energy and transition strategies. Listen to more CERAWeek coverage here: https://www.spglobal.com/esg/podcasts/at-ceraweek-mapping-one-large-utility-s-energy-transition-path

And here: https://www.spglobal.com/esg/podcasts/ceraweek-how-one-of-the-world-s-largest-mining-companies-approaches-energy-transition-nature

Tune into the podcast next week for more highlights from the event.

This piece was published by S&P Global Sustainable1, a part of S&P Global.

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