The decline in crude oil prices has led to a trend reversal in the energy market this year: while many power companies have recently raised their profit forecasts, the major oil companies suffered massively from the recent drop in crude oil prices. Meanwhile, in the effort to reach climate targets, the trend toward renewable energies continues unabate
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The Energy of the Future – OMV’s role and transformation
OMV is one of Austria’s largest listed industrial companies and a globally active energy and chemicals group. In this guest article, Florian Greger, Senior Vice President Investor Relations & Sustainability, explains the Group’s transformation strategy.
One Year Into the Ukraine War: Energy Price Shock and Inflation Still Noticeable, but Recovery on the Horizon
One year after the start of the Russian war of aggression on Ukraine, the economic impact is felt around the globe. Naturally, the economic damage in Ukraine itself is devastating.
Energy of the Future
There is no perfect solution to solve our energy problems in the long term, explains Walter Hatak, Head of Responsible Investments. But instead of burying our heads in the sand, we should be able to choose the best possible alternative, take the future into account in our planning, and learn from past mistakes.
ERSTE GREEN INVEST – with a tailwind towards energy transition
With the energy transition and the necessary ecologisation of the economy, “green technologies” are likely to remain one of the megatrends of the coming years. The ERSTE GREEN INVEST impact fund invests in precisely those companies whose business models could benefit from this megatrend.
Energy commodities and inflation – where are we going?
Prices for energy and food have risen significantly, putting a strain on consumers’ wallets. If the Russia-Ukraine war does not ease, the situation may deteriorate even further.
Our ESG partners’ view on nuclear energy and sustainability
The EU Commission announced that certain activities involving nuclear power and natural gas will be included in the EU taxonomy. Small Modular Reactors are seen as an investment opportunity. How are energy suppliers and the financial sector dealing with this?
Ukraine war accelerates renewable energy development
The extreme rise in the price of oil and natural gas due to the Ukraine war is leading to a rethink in Europe: many states are striving for sovereignty in energy supply. The expansion of renewable energies and storage technologies will proceed even faster.
European Forum Alpbach: Overcoming the Crisis with Energy Transition, Capital Markets Union and Digitalisation
“The Great Transformation”: This was this year’s Forum Alpbach’s overarching motto for the talks and panel discussions among the assembled top politicians, economic leaders and scientists from around the world. Partly on-site and partly online, between 18 August and 3 September a total of 4,134 participants from 62 countries discussed possible ways out of the corona pandemic crisis and global future scenarios.
Electricity & Energy – facts & figures
You can find our dossier on rethinking energy production and consumption at: https://blog.en.erste-am.com/dossier/strom-energie/ *ESG stands for Environmental, Social and Governance“ – These are the three broad categories according to which companies are examined in sustainable investment. Disclaimer: Forecasts are not a reliable indicator for future developments.