External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Given the sharp rise of interest rates since 2022, the cost of capital has become an important factor in the energy transition</li><li>Higher interest rates are adding to the forces slowing down the energy transition as they impact the profitability of the investments in renewable energy relatively hard</li><li>Capital expenditures for such investments represent a higher share relative to operating expenditures</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Given the sharp rise of interest rates since 2022, the cost of capital has become an important factor in the energy transitionHigher interest rates are adding to the forces slowing down the energy transition as they impact the profitability of the investments in renewable energy relatively hardCapital expenditures for such investments represent a higher share relative to operating expendituresContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ESG Economist - The impact of a Green LTRO on the energy transition