We are at an inflection point when it comes to the deployment of clean technology and renewables. Goldman Sachs is targeting $150 billion to finance and invest in companies that promote clean technology and renewable energy, and we are committed to helping to develop market-based solutions to environmental challenges.
Net zero is becoming more affordable as technological and financial innovation, supported by policy, are flattening the de-carbonization cost curve. Goldman Sachs Research updates its 2019 Carbonomics cost curve to reflect innovation across c.100 different technologies to de-carbonize power, mobility, buildings, agriculture and industry, and draw three key conclusions.
Green hydrogen looks poised to become a once-in-a-generation opportunity: Goldman Sachs Research estimates it could give rise to a €10 trillion addressable market globally by 2050 for the Utilities industry alone.
Clean hydrogen has a major role to play in the path towards net zero carbon, providing de-carbonization solutions in the most challenging parts of the Carbonomics cost curve - including long-haul transport, steel, chemicals, heating and long-term power storage.
Environmental, social and governance (“ESG”) investing is at a deep level all about sustainability, yet we rarely ask the question, “How sustainable is ESG investing itself?” Here, we seek to provide a clearer sense of where ESG investing fits in the broader scope of active asset management, examine the gaps it fills and use that assessment to better structure the ESG investing processes, assess its place in asset allocation and rethink the metrics we apply to it.
Clean tech has a major role to play in the upcoming economic recovery. Leveraging our Carbonomics cost curve, we estimate that clean tech has the potential to drive US$1-2 tn pa of green infrastructure investments and create 15-20 mn jobs worldwide, through public-private collaboration.
Climate change is re-shaping the energy industry through technological innovation and capital markets’ pressure.
Green energy is making up a growing portion of the global energy mix, and Europe is leading the way. Goldman Sachs Research explains how technological advances have slashed the costs of wind and solar power, helping fuel the region’s renewables boom.
With 15 to 20% of all consumer goods sold via the internet today, the need for packaging to deliver goods quickly and cheaply is increasing as the global focus on sustainability gains momentum. Kristy Grippi of Goldman Sachs’ Investment Banking Division explains how these trends – along with the shift towards consumer-centric retail – are driving innovation across the paper and packaging industry. Watch Video
The increasing pressure to reduce single-use plastic and changing consumer behavior is putting a question mark on the long-term demand growth of the plastics industry. Nikhil Bhandari of Goldman Sachs Research explains how efforts to limit plastic’s environmental impact could affect the industry over the next decade. Watch Video
The shift to a low-carbon economy is changing the competitive landscape of the energy industry. Goldman Sachs Research explains how big oil and utility companies are finding new opportunities as they transition to a renewable future. Watch Video
While expectations for electric vehicles have been scaled back since 2017, one segment of the market is powering forward: hybrids. Goldman Sachs Research explains why “electrified” or hybrid vehicles will be the most profitable and practical solution to reducing dependence on internal combustion engines over the next decade. Watch Video
Charity: water CEO Scott Harrison discusses his journey from nightclub promoter to philanthropist, his work to bring clean water to underserved communities around the world, and how he is disrupting the way nonprofits recruit talent. Watch Video
Green bonds, or bonds whose proceeds are earmarked for environmentally beneficial projects, have been growing steadily. To understand growth of the global green bond market and what’s ahead, we sat down with Alvaro Camara and Yasmine Coupal of the firm’s Investment Banking Division and Kyung-Ah Park, head of Goldman Sachs’ Environmental Markets Group. Learn More
Goldman Sachs Research's annual survey of the world's most critical oil and gas assets -- a series called Top Projects -- reveals an industry in transformation. The global push to reduce the energy sector's carbon footprint is streamlining the market, with fewer, better-capitalized companies set to lead simpler, more profitable developments. The result: a boost for returns across the industry and more market share for the biggest players. We sat down with lead analyst Michele Della Vigna to delve into his conclusions. Learn More
On November 13th, Goldman Sachs hosted the Sustainable Finance Innovation (SFI) Forum, which convened 400+ leading corporates, investors, public sector representatives and non-profit organizations alongside Goldman Sachs representatives to discuss the key themes shaping markets and sustainability. Learn More
Alberto Gandolfi of Goldman Sachs Research joins us to talk through Europe’s sustainable energy transformation, from the declining costs of wind and solar power to the growth in electric vehicles and more. Listen Now
Solar costs have plummeted by 80% since 2010, which is game-changing for power markets as it removes the main obstacle preventing renewables from dominating the energy mix: the cost of energy from large-scale PV plants is now lower than that of conventional fossil fuel plants. Read Report
Gonzalo Garcia, co-head of the Global Natural Resources Group in Goldman Sachs' Investment Banking Division and co-head of Latin America for the firm, discusses how CEOs are responding to the secular shift toward renewable energy and also explains why clients are bullish on investment in Latin America on our podcast, Exchanges at Goldman Sachs. Listen Now
In director Jeff Orlowski’s award-winning documentary films Chasing Ice and Chasing Coral, he documents the devastating impacts of climate change on ecosystems around the world – from the Arctic glaciers to the Great Barrier Reef. In this discussion, he describes capturing those impacts on film while also offering an optimistic set of solutions for the future. Watch Video
Derek Bingham of Goldman Sachs Research discusses how investors can incorporate environmental, social and governance metrics into their stock selection process on our podcast, Exchanges at Goldman Sachs. Listen Now
Jaakko Kooroshy of Goldman Sachs Research discusses the technologies that will underpin the low carbon economy on this episode of our podcast, Exchanges at Goldman Sachs. Listen Now
On the this episode of our podcast, Exchanges at Goldman Sachs, John Goldstein of Goldman Sachs Asset Management explains why more and more money managers view environmental, social and governance factors as essential to a rigorous investing approach. Listen Now