Much has been said about the need for countries and companies to build a low-carbon global economy.1 Multiple estimates of the amount of capital that will be needed to fund the energy transition over the next several decades are stunning, putting the number at or above $100 trillion.2 Cognizant of the enormous task — and opportunity — before them, the private and public sectors have already begun the work of building a greener economy. Much of this work has been focused on investments in renewable energy, electric vehicle production and battery technology.
Until relatively recently…
