Invest in renewable infrastructure

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The Bulletin with UBS

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2024-05-20

18 分钟
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Renewables account for the majority of energy capacity additions globally, and governments worldwide have recently committed to triple renewables by 2030. Our UBS panellists explain how private infrastructure offers an attractive opportunity for investment as an effective portfolio diversifier and a stable source of income and returns. With Antonia Sariyska and Antoinette Zuidweg. See omnystudio.com/listener for privacy information.

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  • Hello and welcome to the Bulletin with UBS on Monocle Radio.

  • Each week, the sharpest minds and freshest thinkers in finance take you beyond the numbers and hype right to the heart of the big issues of the day.

  • This week we're dipping into a recent report from the CIO of UBS Global Wealth Management, focused on private markets and the prospects for investing in renewable energy infrastructure.

  • Now, renewables account for the majority of energy capacity additions globally and governments have recently committed to triple renewables by 2030.

  • Today we'll hear how private infrastructure offers opportunities to invest in the space.

  • Infrastructure assets can act as an attractive diversifier due to their low correlation to other asset classes, as well as being a stable source of income and returns as well as all that.

  • Our panelists today will explain how investing in renewable infrastructure contributes to a number of the UN SDGs and aligns to UBS's Longer Term Investment theme on clean air and carbon reduction.

  • So let's get started with Antonia Sariska, sustainable and impact investing Strategist in the CIO of UBS Global Wealth Management.

  • Antonia, welcome.

  • Let's jump straight in and talk about sustainability.

  • First of all, are we at an inflection point when it comes to this narrative?

  • Are we maybe beyond that point now?

  • Antonia?

  • I guess it's an interesting moment, isn't it?

  • Either way?

  • Definitely.

  • And actually, if we look at some of the commitments that we have had over 2023, both in terms of increasing corporate commitments towards decarbonization as well as intensifying public policy spending programs such as the US Inflation Reduction act or the REpower EU within the European Union, and of course the COP28 discussion in Dubai at the end of 2023 that really focused on the need for a transition to a low carbon economy as well as the need to triple renewable energy capacity around the world, definitely an inflection point that we're living in today.

  • And that trend of decarbonization has become a really a secular driver of where capital is going and where corporate commitments are going.

  • And Antonio, let's talk a little bit about the ways that renewables help in this space because obviously there are so many different drivers to decarbonisation more broadly.

  • That might be about, I don't know, the transport sector or electricity, electricity generation.