The Next Five
The Next Five is the FT’s partner-supported podcast, exploring the future of industries through expert insights and thought-provoking discussions with host, Tom Parker. Each episode brings together leading voices to analyse the trends, innovations, challenges and opportunities shaping the next five years in business, geo politics, technology, health and lifestyle.
Latest Episode
30 October 2025
34. The Energy Transition: Where’s the Money?
Rystad Energy
Where is value to be found in the Energy Transition?
Capital flows to the entire energy sector are set to hit $3.3tn in 2025. $2.2tn of which will find its way to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification.
That sum is nearly twice as much as the $1.1tn going to fossil fuels this year. The transition opens up new avenues for investment, innovation, and competitiveness. But given the recent geopolitical, economic and trade climate how much will this affect future investments and value creation across the whole energy sector? Joining us today are three experts ready to discuss value creation in the energy transition, where the money is going and where it’s to be made now and in the future. They are Lars Eirik Nicolaisen, Deputy CEO of Rystad Energy, Seb Henbest, Group Head of Climate Transition at HSBC and Christian Egenhofer, Associate Senior Research Fellow at the Energy, Resources and Climate Change Unit at CEPS (Centre for European Policy Studies).
Sources: FT Resources, IEA, beyondfossilfuels.org, ease-storage.eu
This content is paid for by Rystad Energy and is produced in partnership with the Financial Times' Commercial Department. The views and claims expressed are those of the guests alone and have not been independently verified by The Financial Times.
