Sustainability, Energy Transition, ESG

Is Green Dead? Or Just Very Unwell
February 16, 2024
Companies Mentioned:
Albemarle, Waste Management, Shell, BP, Issaquena Green Power, Ørsted, Thyssenkrupp Nucera, Oxy, ExxonMobil, CF Industries, Yara, Neste, Plug Power
Commodities Mentioned:
Lithium, Hydrogen, Power, Nuclear, RNG, DAC, PVC, Ammonia, SAF
Subjects Covered:
Recycling, Renewables, Carbon Capture, Emissions, New Energy, Hydrogen, ESG Investing, Climate Litigation, Clean Fuels

C-MACC Weekly Sustainability and Energy Transition Report

Is Green Dead? Or Just Very Unwell

  • 1st Topic of the Week: Is Green Dead – Green strategies are not working and are becoming less popular. The high-cost challenges are adding to growing political divides, and we see this slowing progress significantly – cleaner versus green is a better pathway today – especially if cleaner is not expensive – good enough vs perfect is key.
  • 2nd Topic of the Week: More Resets – Somewhat related to the above, we are seeing more examples of our theme from last week – target resets, with Albemarle lowering its expected growth rates for lithium, as an example – there is much more revised guidance ahead across multiple sub-sectors this year in our view.   
  • Otherwise – We look at the challenges in the recycled polymer chain as prices fall, the carbon intensity of hydrogen and the impact on credits, more power hurdles, a couple of company reports of interest, and PVC.

Exhibit 1:The simple Google Trend data suggests that interest in green hydrogen may have peaked – our tracking of green project progress also supports this.

Source: Google, C-MACC Analysis, February 2024

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