Energy of the Future

Energy of the Future
Energy of the Future
(c) unsplash
Share post:

Kermit the Frog is right when he sings that it’s not easy to be green. Wind power? Sure, but please not in my backyard, and if possible, without a concrete base. Hydropower then perhaps? Yes, but please without damaging the river landscapes. Or maybe photovoltaics? And if you could put it on roofs so that it doesn’t seal any soil, and, as in France, over already sealed car parks (the sealing of which did not cause outrage at the time)? Yes, that’s fine, but please consider the supply chains, which are very likely to end in China and are possibly stocked by raw materials that may come from regions associated with forced labour.

Ok, then let’s stick to natural gas and indirectly finance the next war, as we have done recently? Not exactly brilliant, either. LNG, that sounds great, that could be the solution? But it produces even more greenhouse gases than ordinary natural gas and comes from countries where grown men are afraid of rainbow flags. No, France is right, let’s use nuclear energy, we’ll take care of the contaminated waste by 2100 at the latest, I promise. It’s just annoying that the construction will take at least 15 years, so the window of opportunity to fight the climate crisis is already closed. It’s like planning for the third half of a football match.

Let’s face it, there is no perfect solution. Much like with almost every decision in life, with the notable exception of the choice of partner, of course. However, instead of burying our heads in the sand and waiting for death, we are in a position to choose the best possible alternative, take the future into account in our planning, and learn from past mistakes.

“The use of renewable energy sources remains the best (not perfect!) solution to our energy problems.”

Walter Hatak, Head of Responsible Investments
Erste Asset Management

Photo: (c) Stefan Huger

If we keep this in mind and refrain from allowing our own egotism and fossil lobbying to have a say (unlike at the most recent climate conference), the use of renewable energy sources remains the best (not the perfect (!)) solution to our energy problems (alongside research into the use of new energy sources such as hydrogen). But this time, with the political support of European market leaders. Then hopefully they will be spared the fate of the European solar industry, which drowned in the Chinese subsidy flood more than ten years ago. Moreover, this time there will be added input from the West under President Biden. Perhaps this will one day bring us the perfect, independent solution without human rights violations. Christmas is upon us.

This article is part of the ESGenius Letter on the topic of the Energy of the Future. The other articles with information and insights on sustainable energy use can be found here.

For a glossary of technical terms, please visit this link: Fund Glossary | Erste Asset Management

Legal note:

Prognoses are no reliable indicator for future performance.



Legal disclaimer

This document is an advertisement. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the web site within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the web site A summary of investor rights is available in German and English on the website as well as at the domicile of the management company.

The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.

Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to § 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.

Leave a comment Required fields are marked with *

Your email address will not be published. Required fields are marked *