O'Melveny Insights 2023

10 Every day, the world moves closer to a clean-energy future. And as the unprecedented shift away from fossil-based fuels and toward zero-carbon sources continues, it is the private sector, not governments, leading the way. Across all sectors of the global economy, corporations hope to cut their net carbon emissions to zero in the not-too-distant future. Capital providers and Wall Street investors have driven much of this change, which now extends even to traditional energy companies. No longer in the hands of early adopters and pureplay renewable energy developers, the transition to zero-carbon energy has gone mainstream. 03