Deep Dive: Increased electrification brings challenges and opportunities

Green technology

As the global conversation continues to shift towards the need for green technologies in order to abate the ongoing climate crisis, the increasing demand for electricity has brought challenges and opportunities.

Speaking to Investment Week, Venetia Bell, chief sustainability officer at GIB Asset Management, explained that while headlines are often dominated by the supply of green technologies, the demand catalysts play an important role in the transition. Pointing to the recent Inflation Reduction Act in the USA that had a large focus on climate provisions, Bell cited the bill's extension of the solar investment tax credit for 10 years at 30%. "This, along with the introduction of a tax credit for stand-alone battery storage, is expected to increase solar deployments by five times their 2020 ...