To solve climate change a total energy transformation is essential (Alex Monk, Schroders)

Alex Monk, Global Renewables Analyst at Schroders, says in order to solve the climate change a total transformation of the energy sector is needed. In order to meet the climate goals a stunning 120 trillion dollar is needed to invest. De-carbonization of the energy sector is one of the biggest challenges. Electrification of the energy sector is also essential as this is critical for the renewables. Currently a lot of energy is lost in many energy processes. Energy storage is one of the big investment themes. In all sectors the energy transition is going on.