No specific themes

Electricity demand in the US has been steady since the mid‑2000s, growing at about half a percent per year on average. This is down to several factors, including the growth of less energy‑intensive sectors (such as financial services), offshoring manufacturing to places like China and Southeast Asia, and better energy efficiency.

Calendar year 2024 was strong for Green Bonds, outperforming conventional bonds by nearly 2%, and achieving record issuance of US$447bn.

Active investment is challenging at the best of times, but the Trump presidency has added a new level of complexity to this global challenge.