How to invest in the great energy transition

ENERGY

As governments continue on their quest to repair public finances, energy efficiency has become a crucial theme. Luciano Diana, co-manager of the Pictet Clean Energy fund, explains where the opportunities lie.

One is a bustling town in central Canada that offers spectacular views of the Northern Lights in the winter months. The other is a north-eastern Japanese city historically renowned for its lush green mountains and thermal springs. Ostensibly, Fort McMurray and Fukushima do not have much in common. Yet they are both at the centre of an energy revolution, one that is transforming the way the world uses its energy resources and promises to fundamentally change the industry’s investment characteristics. Fort McMurray in the Canadian province of Alberta is on the frontline in the struggle ...