Investing into the energy transition

The discussion, which was hosted digitally, started with Niklas Tell asking the fund managers participating in the discussion to briefly explain how they look at the energy transition and how it influences their investment decisions.

ULRIK FUGMANN: “The energy transition is really quite exciting because I think if you read academic literature, it says there has been a lot of energy transitions, which is really not the case. All we’ve done is adding new fuels but not really transitioned away from one fuel source to another. We’ve just kept adding carbon intensity. Now, for the first time ever, we’re really trying to transition and actually decarbonise the way that we think about energy. That’s why the energy transition theme is so exciting. If you think about energy-related activities, they’re responsible for about 70 per cent