iClima Earth says decarbonisation “bloodbath” is over

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iClima Earth CEO Gabriela Herculano speaks to Thomas Warner from Proactive after publishing the November edition of the “Monthly Dose of Climate Solutions” report – a report she describes as being highly encouraging after a tough period for the decarbonisation sector.

She highlights a significant turnaround in the iClima Global Decarbonisation Enablers Index from October to November, saying that the index moved from a “bloodbath in October, to a somewhat green rally in November” following dovish signals from the US Federal Reserve.

Herculano anticipates a strong year for fixed income strategists, expecting returns close to historical equity market returns due to potential interest rate cuts. She stresses that sectors underperforming and less sensitive to interest rates, especially in green renewable companies, could experience significant growth in the new year.

Herculano cited the energy transition's unpredictability but remained optimistic, noting the daily addition of over one gigawatt of solar energy globally, with a significant portion being solar rooftops in Europe.

She also highlighted the surge in electric vehicle sales in the US and the boom in clean energy storage in the US, Europe, and Australia. Herculano anticipates a convergence of investment approaches in 2024, combining energy transition enthusiasm with attractive valuations. She predicts that lower interest rates before the US presidential elections will catalyze a green rally.

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