A recent analysis by The Economist suggests the war in Ukraine and additional subsidies to green technology has potentially advanced the clean-energy transition by 10 years. The bank previously has described the energy transition away from fossil fuels as an unstoppable trend but it’s one that’s speeding up.

Though some firms forecast a new supercycle for the oil industry, the bank forecasts below-trend growth rates for fossil fuels, and views that, along with OPEC’s cuts, as not indicative of such a phenomenon.

“Markets are pricing it very rationally, and that makes it potentially very attractive for investors.”Ĭiti Global Wealth’s recent mid-year report, released last month, suggests the long-term growth potential in sustainable energy is “potent and unrelated to today’s economic challenges.” “That nets out to a more positive view on energy, per se, than one would have had at this time during a normal slowdown,” he says.

The current environment offers a neutral backdrop suggesting that it’s possible to identify leading companies that are successfully managing the clean-energy transition, their balance sheets, and capital expenses, Bailin says.

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