The world requires substantial investment in the transition to cleaner sources of energy. We view investment in the clean transition as an overarching theme rather than a specific asset class. Solutions will require investments across the capital stack and with all forms of capital—including equity, debt, and various real-asset structures—from both public and private sources.

Key Takeaways

• For investors considering exposure to the clean transition, we see significant opportunities to generate attractive, diversified returns in a number of sustainability-related sectors, while driving real, positive change in the world.
• To address the global energy transition, the world requires substantial, immediate, and ongoing investment in both businesses and technologies which support decarbonization, the transition to cleaner sources of energy, and a more sustainable level of consumption.
• This will require unprecedented levels of investment. No matter how it’s calculated, the capital required to facilitate the energy transition by 2050 is enormous: Per the International Energy Agency (IEA), $150 trillion. Per McKinsey, $275 trillion. Per PWC, approximately $1,000 per year for every person on the planet.
• Because climate risk can affect every business, in every sector, globally, Apollo views investment in efforts to decarbonize as an overarching theme rather than a specific asset class. Solutions will require investments across the capital stack and with all forms of capital—including equity, debt, and various real-asset structures—from both public and private sources.
• Last year, Apollo announced the launch of a comprehensive sustainable investing platform focused on financing and investing in energy transition, decarbonization, and sustainability. We believe we can effectively deploy $50 billion in clean energy and climate-related opportunities through 2027 and see an opportunity to deploy as much as $100 billion by 2030.

The information herein is provided for educational purposes only and should not be construed as financial or investment advice, nor should any information in this document be relied on when making an investment decision. Opinions and views expressed reflect the current opinions and views of the authors and Apollo Analysts as of the date hereof and are subject to change. Please see the end of this document for important disclosure information.

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