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Carbonomics: The green engine of economic recovery

Carbonomics: The green engine of economic recovery

Full Title: Carbonomics: The green engine of economic recovery
Author(s): Michele Della Vigna, Zoe Stavrinou, & Alberto Gandolf
Publisher(s): The Goldman Sachs Group, Inc.
Publication Date: June 16, 2020
Full Text: Download Resource
Description (excerpt):

Clean tech has a major role to play in the upcoming economic recovery. Leveraging our Carbonomics cost curve, we estimate that clean tech has the potential to drive US$1-2 tn pa of green infrastructure investments and create 15-20 mn jobs worldwide, through public-private collaboration (e.g., “The Green Deal”). Renewable power will become the largest area of spending in the energy industry in 2021, on our estimates, surpassing upstream oil & gas for the first time in history, driven by bifurcating cost of capital (up to 20% for long-term oil projects, down to 3-5% for renewables). Rising capital markets engagement in climate change is driving this seismic shift in capital allocation, charging an implied carbon price of US$40-80/ton for new hydrocarbon developments, on our estimates

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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