Two weeks ago I broke down the sectors and trends behind 2021’s three quarters of a trillion dollars of energy transition investment. Renewable energy was the leading sector, followed by electrified transport, taking in a total of more than $600 billion dollars. Most of that money flows to the financing of assets that will last decades (in the case of electric cars) or many decades (in the case of power generators).
Image: Sweden’s SSAB AB, with utility Vattenfall AB and miner LKAB, is developing fossil-free steel at a plant in Lulea, Sweden.Photographer: Mikael Sjoberg/Bloomberg
