Convictions

Energy transition and structural themes

Delve into the wide range of increasing opportunities linked with the transition at a global scale

The sails and the mast of a sailboat viewed from below.

The energy transition remains the top focus when it comes to ESG. We expect investments into emerging markets to accelerate with the private sector playing a key role. Indeed, to reach the carbon neutrality objective by 20501, global clean energy spending has to increase to $4.5 trillion per year by 2030, with nearly half of this being dedicated to EM. The success of the transition at a global scale depends on its success in this region, as they are the most affected by climate change.

In equities, we are focusing on the decarbonisation of buildings, food waste reduction, sustainable farming and technologies that can boost the transition. 

Infrastructure linked to the energy transition should also benefit from government support. Other themes include biodiversity in credit and private debt sustainable-linked financing (green transition, geopolitical realignment driving friend/near-shoring dynamics, and innovation with decent valuations).

Discover Convictions themes

1 World Economic Forum, "IEA: Clean energy investment must reach $4.5 trillion per year by 2030 to limit warming to 1.5°C", 28 September 2023

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of end of January 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.

Date of first use: 2 February 2024

Doc ID: 3368819

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