Utility Dive
Summary
The International Energy Agency last year estimated that reaching global net-zero emissions by 2050 will require an annual investment of around $4 trillion by 2030. The capital-intensive nature of the energy sector opens the door for private equity to make long-term investments with predictable payoffs, said Horn.
"We're investing in really capital intensive industries that have historically consumed credit," Horn said, including the natural resources needed for battery production, commercial and residential solar, and energy efficiency.
Blackstone, a global investment business, has deployed roughly $15 billion in energy transition investments over the last couple of years, he said, and expects to deploy at least $100 billion more over the next decade.
"There is really a distinct advantage in the private markets when you are thinking about outcomes that you're trying to drive, such as decarbonization," said Jean Rogers, a senior managing director who oversees Blackstone’s corporate environmental, social and governance team.
Continue Reading
#News
#Decarbonization