2022 has emerged as a transformative year for global energy transition, catalyzed by Russia’s invasion of Ukraine in February, and furthered by the United States’ passage of the Inflation Reduction Act (IRA) in August. Going forward, we believe that energy transition can no longer be defined solely in terms of achieving least-cost greenhouse gas (GHG) reductions, but will increasingly be defined in terms of GHG reductions achieved through energy independence.
What we’re watching
- U.S. Access to Lithium-Ion Batteries
- Nuclear Power Generation
- Sustainability Themed Debt Instruments
- Renewable Diesel (RD) and Sustainable Aviation Fuel (SAF)
The U.S. is anticipated to triple EV sales within the next three years alone and show an 8x increase by 2030, effectively requiring the equivalent of China’s lithium processing capacity today.”