Money managers are shifting their attitude to ESG as 'realism' sets in, says S&P's Dan Yergin
Publishing timestamp: 2023-10-02 08:37:43
Summary
The article discusses the challenges faced by the renewable energy industry in terms of capital requirements and the need for returns. It highlights the slowing down or pausing of renewables projects and the outflow of funds from sustainable funds. The article also mentions the rising costs of offshore wind and the gap between current investments in energy transition technologies and the suggested investment levels needed to limit global temperature rises. Overall, the article emphasizes the need for both technological capabilities and financial realism in the renewable energy sector.
Sentiment: MIXED
Tickers: SPGI,
Keywords: business news, energy, s&p global inc, commodity markets, united states, environment, alternative and sustainable energy, oil and gas,
Source: https://www.cnbc.com/2023/10/02/companies-want-esg-but-returns-too-says-sps-dan-yergin.html