Capital in Transition

Capital in Transition is Carbon Tracker’s monthly podcast on the global reallocation of capital in the energy transition. 

Hosted by Mark Campanale, Carbon Tracker’s CEO, and Harry Benham, Energy Advisor, each episode translates complex research into clear insight for investors, policymakers and industry leaders.  

We track where money is flowing, which technologies are scaling, how geopolitics is reshaping deployment, and the implications for long-term strategy. 

The transition may be technologically inevitable but capital markets still need incentives, clarity and bankable pathways to move at pace. Understanding what drives investment decisions is central to managing financial risk and identifying opportunity. 

From time to time, Mark and Harry are joined by external guests and contributors.

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Episode 3

03 June 2026

The $4.5 Trillion Myth: What the transition really costs

One figure has come to dominate discussions about financing the energy transition: $4.5 trillion per year. But what exactly does that...

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Episode 2

15 June 2026

The ElectroTech Revolution: Why this is an economic shift

Is the energy transition simply about replacing one fuel source with another, or are we witnessing a deeper restructuring of the global economy? In...

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Episode 1

06 May 2026

The Quiet Retreat: Why Big Oil isn’t leading the transition

In its November 2025 piece, The Quiet Retreat, Carbon Tracker argues that, despite political calls for more oil and gas financing, many international...

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