Valerio Camerano: «The climate crisis requires extraordinary measures»: Last month’s rain in many parts of Europe may have briefly boosted water levels, but it will not have eliminated the risk of drought this summer. Algebris… Drought energycrisis
Last month’s rain in many parts of Europe may have briefly boosted water levels, but it will not have eliminated the risk of drought this summer. Algebris Investments’ Valerio Camerano told finews.com how investors and policymakers should address the green transition and what the asset manager plans for the Zurich office.
«It is so easy to forget what happened a year or even a few months ago,» Valerio Camerano said, adding that only eight months ago «we thought we were running out of energy on this continent. Now with energy prices back to pre- war levels, this scenario seems distant.» All the while the energy emergency hasn’t disappeared, «Germany as well as eastern European countries, which have relied heavily on energy supplies from Russia in the past, still run an acute risk of running short of gas next winter,» Camerano added.
Camerano is not the only hire with strong know-how from the energy sector, the whole team has a financial and industrial background required for analyzing electrical engineering and infrastructure projects and understanding processes, such as sequestration of carbon or hydrogen, as well as the hydrometallurgy solutions being used to recycle critical materials like cobalt or lithium out of batteries.
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