A bright future for alternative energy?

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The European energy crisis, which has been exacerbated by Russia’s invasion of Ukraine, has been years in the making, and has highlighted the vulnerability of European energy systems. As nations scramble for energy, there are concerns of what this may mean for the energy transition.

As the current European energy crisis persists, although the short-term implication may be a setback to the energy transition, we believe that over the medium and long-term it could in fact accelerate the shift to alternative energy sources and that investment opportunities could emerge across the supply chain, from developers of renewables to manufacturers of components used in renewables.

The links between increasing European energy security and achieving net-zero climate-change ambitions are striking, which gives us confidence that energy security and decarbonisation are not mutually exclusive.

Philip Shucksmith, portfolio manager, Newton Investment Management

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.

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1092555 Exp: 01 September 2023