Cowen Research Themes 2021 has been published. Click here to learn about the year's key investment themes. >

ESG & Energy Transition

Socially conscious investing, well underway pre-COVID, has gained renewed momentum. COVID’s destructive aftermath, and accelerated global warming, lead more investors to take into consideration stakeholder capitalism and the bigger picture. Consistent with this theme, institutional investors are shifting their portfolios away from carbon-intensive assets toward renewables. Renewables are now becoming cost competitive with hydrocarbon fuels and we believe a number of clean tech companies are positioned to benefit.

What we’re watching:

Related themes:

$3.5T

per year in renewable energy investments required, on average, between now and 2050 to limit global temperature rise

76%

of survey respondents age 18-34 indicate that social responsibility and sustainability are an important part of purchase decisions

$12T

Sustainable, responsible and impact investing assets in the US

No single silver bullet will solve the world’s energy crisis. We see room for multiple technologies to succeed, enabling investors to capitalize on next-generation energy technology investments.

Jeffrey Osborne, Sustainable Energy & Industrial Technology Primer