 
Author: Brian Cordischi, Chief Investment Officer, Carnegie Private Banking
July 14, 2022
The war in Ukraine has accelerated the need for a new energy system in Europe to reduce dependency on Russian oil and gas. This transition is going to require heavy investment in everything from renewable energy to energy storage, expansion of power grids and energy efficiency improvements. It is also going to raise demand for all the metals used in electrification, and the recent energy crisis has shown how dependent we still are on fossil fuels like oil and gas during a transition period.
In our Global Theme portfolio, where we gather our thematic investments, we have had exposures to renewable energy, the energy transition,…