Video transcript
As an investment led firm, pict a's Climate Action Plan aims to identify opportunities in the energy transition and reduce clients' exposure to climate risks.
Historically, as GDP and wellbeing grow, energy consumption increases making energy systems crucial to the low carbon transition.
To analyze this mega trend, my fellow partners and I launched a research group of over 20 internal experts steered by our CIOs to provide insights and support investors in forming their own investment convictions. They looked into topics ranging from energy demand evolutions in different industries to the relevance of specific energy sources like thermal, coal, shale oil, and gas, or nuclear waiting for government steer may expose clients to transition risks and cause investors to miss out on opportunities for our clients.
In an increasingly fragmented world, governments are moving away from fossil fuels, which are geographically concentrated and finite. This is why fossil fuel companies must get serious about their transition plans to avoid being left with stranded assets.
The energy transition offers investors multiple opportunities. Many of these will be captured in emerging markets, power system flexibility and in the minerals production space. So investors must dig deeper in these areas to understand who is set to win this race.