Real Assets | Investment Insight
July 19, 2023

Clean Transition Investing: From Managing Risk to Unprecedented Opportunity

Green Leaves

About the Author

Scott McMurtry

Managing Director

About the Author

Scott McMurtry

Managing Director

Jonathan Silver | Senior Advisor, Chair of Apollo’s Global Climate Council
Scott McMurtry | Managing Director, Institutional Client & Product Solutions


  • For investors considering exposure to the clean transition, we see significant opportunities to generate attractive, diversified returns in a number of sustainability-related sectors, while driving real, positive change in the world.
  • To address the global energy transition, the world requires substantial, immediate, and ongoing investment in both businesses and technologies which support decarbonization, the transition to cleaner sources of energy, and a more sustainable level of consumption.
  • This will require unprecedented levels of investment. No matter how it’s calculated, the capital required to facilitate the energy transition by 2050 is enormous: Per the International Energy Agency (IEA), $150 trillion. Per McKinsey, $275 trillion. Per PWC, approximately $1,000 per year for every person on the planet.
  • Because climate risk can affect every business, in every sector, globally, Apollo views investment in efforts to decarbonize as an overarching theme rather than a specific asset class. Solutions will require investments across the capital stack and with all forms of capital—including equity, debt, and various real-asset structures—from both public and private sources.
  • Last year, Apollo announced the launch of a comprehensive sustainable investing platform focused on financing and investing in energy transition, decarbonization, and sustainability. We believe we can effectively deploy $50 billion in clean energy and climate-related opportunities through 2027 and see an opportunity to deploy as much as $100 billion by 2030.

The information herein is provided for educational purposes only and should not be construed as financial or investment advice, nor should any information in this document be relied on when making an investment decision. Opinions and views expressed reflect the current opinions and views of the authors and Apollo Analysts as of the date hereof and are subject to change. Please see the end of this document for important disclosure information.

Important Disclosure Information

This presentation is for educational purposes only and should not be treated as research. This presentation may not be distributed, transmitted or otherwise communicated to others, in whole or in part, without the express written consent of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”).

The views and opinions expressed in this presentation are the views and opinions of the author(s) of the White Paper. They do not necessarily reflect the views and opinions of Apollo and are subject to change at any time without notice. Further, Apollo and its affiliates may have positions (long or short) or engage in securities transactions that are not consistent with the information and views expressed in this presentation. There can be no assurance that an investment strategy will be successful. Historic market trends are not reliable indicators of actual future market behavior or future performance of any particular investment which may differ materially, and should not be relied upon as such. Target allocations contained herein are subject to change. There is no assurance that the target allocations will be achieved, and actual allocations may be significantly different than that shown here. This presentation does not constitute an offer of any service or product of Apollo. It is not an invitation by or on behalf of Apollo to any person to buy or sell any security or to adopt any investment strategy, and shall not form the basis of, nor may it accompany nor form part of, any right or contract to buy or sell any security or to adopt any investment strategy. Nothing herein should be taken as investment advice or a recommendation to enter into any transaction.

Hyperlinks to third-party websites in this presentation are provided for reader convenience only. There can be no assurance that any trends discussed herein will continue. Unless otherwise noted, information included herein is presented as of the dates indicated. This presentation is not complete and the information contained herein may change at any time without notice. Apollo does not have any responsibility to update the presentation to account for such changes. Apollo has not made any representation or warranty, expressed or implied, with respect to fairness, correctness, accuracy, reasonableness, or completeness of any of the information contained herein, and expressly disclaims any responsibility or liability therefore. The information contained herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Investors should make an independent investigation of the information contained herein, including consulting their tax, legal, accounting or other advisors about such information. Apollo does not act for you and is not responsible for providing you with the protections afforded to its clients.

Certain information contained herein may be “forward-looking” in nature. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking information. As such, undue reliance should not be placed on such information. Forward-looking statements may be identified by the use of terminology including, but not limited to, “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology.

The Standard & Poor’s 500 (“S&P 500”) Index is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies by market value.

Additional information may be available upon request.

Recommended For You