Investment Institute

Geopolitics vs. the race to net zero

  • 30 May 2022 (5 min read)

Why the energy transition has never been more vital

The Ukraine crisis is a horrendous tragedy and the war will have a considerable impact on the European and global economy. It has brought sharply into focus the fragility of supply chains and energy security - which has manifested in runaway inflation.

Given this backdrop there is a risk that policymakers delay urgent, albeit difficult, decisions on the decarbonisation of our economies. But from both a climate and political perspective, we believe we must stay the course –in fact, we need to accelerate the energy transition to alternative cleaner fuels. This is, of course, far easier said than done.

Below, our macroeconomic and investment experts examine the current crisis and discuss how geopolitics could impact the race to net zero. We examine Europe’s plans to wean itself off cheap Russian fossil fuels, we delve into the future economic and investment implications of the war and consider what it all means for investors – from retail to institutional. We believe the energy transition today looks even more appealing – and necessary – than ever, even if the journey appears more arduous than before.


The impact of the Ukraine crisis on climate change

AXA IM’s Head of Macroeconomic Research, David Page and Head of Climate Olivier Eugène, examine the potential impact the current conflict will have on the battle against global warming.

Read the article

Investment Institute Talks

AXA IM experts discuss the impact of the Ukraine war on the energy transition and the potential investment consequences.

The Chief Economist and CIO View

AXA’s Chief Economist Gilles Moëc, and AXA IM’s Chief Investment Officer, Core Investments Chris Iggo unpick the macro and investment ramifications of the current geopolitical backdrop.

Chief economist view

Responsible investment in the shadow of the Ukraine war

Chief Investment Officer view

Why geopolitics must not derail the energy transition - or investors’ resolve

What does the crisis mean for investors?

AXA IM’s investment experts discuss the broad investment implications of the crisis.

Investor Q&A

What the Ukraine crisis means for markets – and the fight against climate change

Pension Focus

Five principles for building a climate-aware buy and maintain strategy

Insurance Focus

The Ukraine crisis and its impact on insurers

Investment Institute

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    This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.

    Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

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