If energy is becoming a manufactured system, then who builds that system matters. In Episode 4 of Capital in Transition, Harry Benham and Mark Campanale are joined again by Kingsmill Bond of Ember to examine where the ElectroTech build-out is happening and how this is shaping capital flows, industrial power and the future of the global economy.

The conversation explores how China has established a leading position across key clean technology supply chains, from solar manufacturing and batteries to electric vehicles and grid infrastructure, and why that concentration matters for investors and policymakers alike.

Read the related blog here: https://www.electrotech-revolution.com/p/what-is-electrotech-and-what-will

Is the energy transition simply about replacing one fuel source with another, or are we witnessing a deeper restructuring of the global economy?

In Episode 3 of Capital in Transition, Harry Benham and Mark Campanale are joined by Kingsmill Bond of Ember to explore what he calls the “ElectroTech Revolution”, the shift from an energy system based on extracting and burning fuels to one built around manufactured technologies.

The discussion examines how electrification, digitalisation and manufacturing cost curves are transforming energy from a commodity system into a technology system – with major implications for capital allocation, industrial strategy and financial markets.

Link to the full analysis: https://www.electrotech-revolution.com/p/reframing-energy-for-the-age-of-electricity

If you have any questions, please email capitalintransition@carbontracker.org

One figure has come to dominate discussions about financing the energy transition: $4.5 trillion per year. But what exactly does that figure represent, and does it accurately reflect the scale of the challenge facing capital markets?

In Episode 2 of Capital in Transition, Mark Campanale and Harry Benham examine how headline transition investment estimates often combine fundamentally different categories of spending, from consumer EV purchases and grid infrastructure to early-stage technologies and long-duration industrial decarbonisation.

The episode explores what sits behind the headline number and whether it provides an accurate picture of the investment needed to build the next energy system.

Learn more: https://harrybenham.substack.com/

If you have any questions, please email capitalintransition@carbontracker.org