Stock Market’s Short-Term Focus Threatens Energy Transition Goals

The energy transition would need a major change in the mentality of stock market investors to succeed. Investors’ focus on relatively fast returns and immediate financial performance right now makes them reluctant to invest in transition companies. And this could become the death knell of that transition. “Public markets are probably the cheapest cost of capital,” KKR partner and co-head of climate, Emmanuel Lagarrique, told Bloomberg recently. “But at the same time, they have volatility and very short memories,…