Back to Top

Accelerating energy efficiency

Rushing to reduce energy usage.

Investment Themes 2023

Accelerating energy efficiency | BNP Paribas Wealth Management

Rushing to reduce energy usage

Global warming is a scientifically proven fact. The world’s largest nations are implementing an array of solutions in a bid to reduce pollution (especially CO2) in our atmosphere. Europe has set some ambitious targets with its ‘Fit for 55’ package to reduce greenhouse gas emissions by at least 55% by 2030.

While the energy transition is progressing, tensions with Russia and soaring fossil fuel prices have shown that the world is still too dependent on oil & gas while some suppliers are no longer trustworthy. The race to find and implement solutions has accelerated.

In order to curb energy spending and reduce pollution, demand must decrease: greater energy efficiency is needed. The most energy-intensive players are encouraged to move in this direction, in particular industrial companies and transport-related sectors.