It will take a $140 trillion investment to decarbonize the global energy supply chain by 2050, according to UBSCapital goods, chemicals and energy services sectors could benefit the most from the transition, while airlines, cement and steel sectors could be disadvantaged.
In a recent analyst report, UBS' investment research team outlined what it will take for the world's energy system to transition from one based on fossil fuels to one on clean power.
"Structural growth in renewable power generation will favour generators and their supply chain, and we see capital goods, chemicals and energy services sectors delivering the energy transition," UBS analysts said.
We think the airlines, cement, steel sectors are at risk from being unable to pass higher costs on to end-users."
The bank's global team of analysts have put together a list of 'most preferred' industry winners who stand to gain from the movement to decarbonize the energy system.
UBS Capital, Volkswagen, UBS