Private Equity and the Race to a New Energy Future

Russia’s attack on Ukraine, which sent the price of oil far above $100 a barrel during an especially volatile period, has focused the world’s attention for now on the availability of conventional energy sources. But with an eye towards the future, private equity firms have been investing heavily in the transition to a low-carbon economy and renewable energy. The opportunity is enormous. Forecasters, including Credit Suisse, have put the price tag for the global undertaking at $100 trillion over the next 30 years, with most of the money coming from private sources.