The energy transition could represent a win-win for investors, enabling them to drive decarbonisation while generating returns, but with low visibility on electricity pricing post 2030, could infrastructure be the best investment?

De komende zes maanden zullen zich waarschijnlijk afspelen tegen een achtergrond van meer onzekerheid, gevormd door aanhoudende energiecrises, volatiele beleidssignalen en verschuivende regelgevingslandschappen. Hoewel de volatiliteit op de korte termijn aanhoudt, wordt de richting voor beleggers steeds duidelijker: langetermijntrends, met name decarbonisatie, de energietransitie, digitalisering en aanpassing aan het klimaat, zijn relevanter dan ooit.

The debate around ESG investing in the United States has become increasingly politicised, particularly following policy shifts under the current administration and the growing scrutiny of ESG-related mandates in several states. Yet the picture is more nuanced than a simple backlash narrative suggests. While some states have challenged ESG integration in public pension management, others continue to support climate-related investment frameworks, clean energy deployment and sustainability-linked disclosure requirements. The debate is therefore less about whether sustainability matters and more about how it should be integrated into investment decisions.