13 Apr 2023
Decarbonisation: Energy Transition
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Dirty gas, oil and coal was the place to invest if you wanted to make big returns in 2022 but it is not the future.
The World is planning to transition to Net Zero by 2050 and last year alone US$1.1 trillion was spent on renewable energy, storage, electrification and carbon capture.
The forecast for renewable energy is rising steeply.
Click for charts.
However it is also clear that dirty fuels (gas, oil, coal) will still be with us for the next three decades unless we can find a game changer such as nuclear fusion for example.
Nuclear fusion is the energy being generated by our Sun and if the human race is going to survive on this planet then we must find a way to create vast volumes of clean energy.
Given the vast sums being spent on clean energy solutions, absolutely believe that human ingenuity will prevail and we will find a game changer.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.