The View From Apollo
How to Think About the Role of Private Capital in the Clean Transition
Nov 1, 2023
Olivia Wassenaar, Head of Sustainability and Infrastructure at Apollo, shares insights on the monumental investments required for the clean transition. She discusses the urgent need for private capital to address climate challenges and the potential of innovative technologies to drive change. The conversation explores U.S. legislative efforts aimed at stabilizing clean technology investments and the importance of sustainability in personal interests. Wassenaar also examines diverse investment strategies that can shape the future of carbon-free energy.
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Quick takeaways
- The clean transition necessitates a dramatic increase in investment levels, requiring private capital to address a significant funding gap alongside public contributions.
- Recent U.S. legislation provides a solid foundation for private sector investment, enhancing clarity and security for attracting substantial capital towards sustainable initiatives.
Deep dives
Investment Opportunities in the Clean Transition
The clean transition presents an enormous investment opportunity, estimated to require substantial capital increases over the coming decades. Current investment levels need to triple by 2030 and quintuple by 2050, growing from $1.6 trillion today to nearly $8 trillion by mid-century. This transition encompasses more than just energy sources; it also involves water usage and the circular economy, thereby addressing the broader economic landscape. The International Energy Agency and McKinsey have projected that global investment needs could reach between $150 trillion and $275 trillion, highlighting the urgent need for both public and private capital.
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