MechChem Africa September 2017

⎪ Power generation, sustainable energy and energy management ⎪

shift to a low-carbon economy,” confirms Axel Zehren, chief financial officer at Allianz Investment Management. The Allianz Climate and Energy Monitor The ‘Allianz Climate and Energy Monitor 2017’ ranks,forthesecondtime,G20member states according to their attractiveness as potential destinations for investments in low- carbon electricity infrastructure. It further considers their current and future investment needs in linewitha trajectory compatiblewith the 2/1.5 °C temperature limit of the Paris Agreement. Whether and where investors provide funds depends on a reliable climate and energy strategy in the country concerned, as well as on specific, transparent support mechanisms, fair competition with fossil energy sources, the influence of contrary lobbies, and market experience with renew- able energy. These are in addition to general factors such as inflation, openness to foreign investors, and legal certainty. The Allianz Group is one of the world’s leading insurers and asset managers with more than 86-million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property,

South Africa has a national strategy to tackle climate change but the ambition level is relatively low. Absolute investments of US$14-billion are needed per year until 2035.

life and health insurance to assistance ser- vices to credit insurance and global business insurance. Allianz is one of theworld’s largest investors, managing over €650-billion on

behalf of its insurance customers while its asset managers, Allianz Global Investors and PIMCO, manage an additional €1.3-trillion in third-party assets. q

“China, India and South Africa are keenly interested in improving their at- tractiveness for investors in renewable energy, and they clearly managed to do so in 2016. Their prospects are good if policy support and market capacities are maintained.”

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