Description

In this episode, Adam Dixon and Aniket Shah discuss the
implications of Donald Trump's presidency on climate change and energy policy, China's lead in the green technology sector, and the current thinking on ESG investing. They explore the complexities of global emissions, the potential for breakthroughs in energy technology, and the need for adaptation strategies in a warming world. They also explore the financial implications of climate change solutions, emphasizing that the costs associated with addressing climate change are manageable when viewed in the context of global GDP and energy spending. The conversation also critiques the ESG (Environmental, Social, and Governance) framework, addressing the confusion within the ESG community regarding its purpose and effectiveness. Ultimately, they advocate for a clear understanding of the system and the roles different stakeholders play in driving sustainable finance and climate action.

Takeaways

• America is a fossil fuel superpower, impacting
  its energy transition.
• Trump's presidency may not drastically hinder
  decarbonisation efforts.
• State-level initiatives in renewable energy are
  gaining momentum.
• China is leading the global race in green
  technology.
• The US's role in global emissions is only
  10-12%.
• Investment in low carbon technologies is
  increasing globally.
• The missing middle in climate tech funding is a
  significant challenge.
• Adaptation and carbon removal must be
  prioritised in climate strategies.
• A mixed economy approach may emerge under
  Trump's leadership.
• Solving climate change can be financially
  feasible.
• Investment in low carbon energy is already
  happening.
• Adaptation should be viewed as infrastructure
  investment.
• Demand-side solutions are crucial for climate
  action.
• ESG is confused about its purpose and
  effectiveness.
• Clear analysis leads to better investment
  decisions.
• Historical emissions create ethical obligations
  for high emitters.

Adam Smith's Panmure House:

⁠Website⁠

Adam Dixon:

⁠On X⁠

⁠On LinkedIn

Aniket Shah:

On LinkedIn

Jefferies