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Evercore ISI reported on Monday evening on sustainable technology and clean energy values and described the energy transition as an “investment mega-topic”.
“We believe this transformation of the global economy will create tremendous investment opportunities,” the company said, noting that if renewables adoption accelerates, it will have to spend more than $ 130 trillion by 2050. “This is a transformation effort, a complete overhaul of the energy, industrial and mobility systems,” the company said.
Analysts, led by James West, compared the pace and scale of investment required to the US oil shale revolution, which tripled production in a decade. There are also parallels to the beginning of the Internet age.
The company said 2021 will be the accelerator when 2020 ushers in the climate decade. With that in mind, the company evaluates some of the key players in the field.