Read our full analysis for a more in-depth look at these trends.
Delivering the energy transition
As the Earth warms, challenges hinder efforts to tackle climate change. We outline obstacles to the energy transition.
- To deliver the energy transition and make progress toward global climate targets, civilization needs to build a new energy infrastructure from electricity generation, transmission/distribution, and storage to consumption.
- However, common obstacles to achieving such goals include: 1) slow permitting, 2) supply chains not receiving the attention they deserve, 3) shortages of skilled linemen and trades, 4) the need for system integration, and 5) the cost inflation and low returns.
- Overall, while these bottlenecks and constraints can be overcome, it will require a concerted and collective effort by governments, companies, and consumers to deliver the energy transition and make real progress toward ambitious climate targets.
Consumer Checkpoint: No madness in March spending
While spending was no slam dunk due to weaker wage growth and lower tax refunds, consumers continue to have financial buffers.