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Macro Bites: Developing an effective energy transition strategy

March 6, 2024

The global energy sector is in a period of transition, with a shift to renewable energy, geopolitical uncertainty in oil-producing regions, and the balancing act between long-term investment and generating shareholder returns. In this episode, EY-Parthenon Chief Economist Gregory Daco and EY Americas Strategy and Transactions Energy & Resources Leader Stephanie Chesnick discuss the distinct economic challenges in the energy sector. They also examine effective strategies for business leaders to help drive growth amid this uncertainty.

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Key takeaways

Energy companies face inflation in costs of capital, labor and equipment while also undergoing a long-term transition in the industry.
Companies need to maintain a strong balance sheet to have the agility to invest when opportunities arise.
Funding sources can include government funding, new partnerships and asset divestitures.

Host and featured guests

Gregory Daco
EY-Parthenon Chief Economist, Strategy and Transactions, Ernst & Young LLP

Stephanie Chesnick
EY Americas Strategy and Transactions Energy & Resources Leader

Energy and resources strategy consulting

EY-Parthenon energy strategy consulting teams help C-suites drive future value-creation. Learn more.
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Customer Experience Transformation solution

Discover how EY's customer experience transformation team can help energy providers empower their workforce, engage customers & drive long term value. Learn more.
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Strategy consulting

EY-Parthenon professionals recognize that CEOs and business leaders are tasked with achieving maximum value for their organizations’ stakeholders in this transformative age. We challenge assumptions to design and deliver strategies that help improve profitability and long-term value.
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Explore our Macro Bites video series for real-time economic insights from industry leaders at EY.

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EY-Parthenon is a brand under which a number of EY member firms across the globe provide strategy consulting services.