Day 1 of #BNEFsummit London is in the books, here are key takeaways:
🔹 Time is running out to stay on track to reach net-zero targets by 2050. We’re nearly halfway through a decisive decade, but massive amounts of money are still needed, said BloombergNEF Chief Executive Officer Jon Moore. ⏰
🔹 Multiple executives called for more spending on the electric grid to bring clean energy to consumers. ScottishPower CEO Keith Anderson said the UK should invest 3-4 times as much on the grid as it spends on renewable power production. 💰
🔹 After a period of high-interest rates, supply chain bottlenecks and inflation, it may be time for a reset on financing. “It’s a good time to be somebody with a lot of dry powder,” said Macquarie Group’s Mark Dooley. 📈
🔹 Brookfield Asset Management sees an opportunity to ink billion-dollar deals in the renewable-power industry after valuations dropped in recent years. ♻
🔹 The key to avoiding bad investments in the transition away from fossil fuels is to focus on demand, not just supply, according to KKR ✔
Don't miss Day 2 of the #BNEF Summit London! We'll be sharing more key takeaways and discussing the latest trends in energy, finance & technology.