Lazard's Bilicic on Iran War Impact on Energy Investment and Renewables

Lazard Global Head of Power, Energy & Infrastructure George Bilicic said at CERAWeek that renewables and the Iran conflict are reshaping investor appetite for energy investments. He highlighted that geopolitical risk is altering capital flows across hydrocarbon and renewable assets, potentially raising risk premia for regionally exposed fossil-fuel investments while supporting resilient renewable/infrastructure allocations. Portfolio managers should reassess country and asset-class exposure in energy, consider hedges for geopolitically sensitive hydrocarbon positions, and evaluate increasing allocations to renewable-transition infrastructure.

Analysis

Lazard Global Head of Power, Energy & Infrastructure George Bilicic said at CERAWeek that renewables and the Iran conflict are reshaping investor appetite for energy investments. He highlighted that geopolitical risk is altering capital flows across hydrocarbon and renewable assets, potentially raising risk premia for regionally exposed fossil-fuel investments while supporting resilient renewable/infrastructure allocations. Portfolio managers should reassess country and asset-class exposure in energy, consider hedges for geopolitically sensitive hydrocarbon positions, and evaluate increasing allocations to renewable-transition infrastructure.