More broadly, governments worldwide are increasingly looking to invest alongside private capital to help close the “green premium” gap that exists in moving to renewable energy. In the U.S., major investment and build-out opportunities will be dramatically increasing thanks to the recently passed Inflation Reduction Act. Ministers, bankers, and technology leaders noted that the movement of funds and interest has been truly remarkable. Here we share a few observations of major importance that we took away from the meeting.Ī common theme at COP27 was the massive shift of capital needed to fund the energy transition required to fight climate change. So, when Microsoft, one of our strategic partners, invited us to attend COP27, we were grateful for the opportunity. We recognize that the contribution of engineering, and by extension simulation, to this massive global effort is growing. To assess the potential extent of our role, we have been casting a wide net to collect what our customers are doing under the banner of sustainability. Given the increasing role of technology in driving down emissions, capturing and storing carbon, and leveraging green materials, the role that Ansys can play in this effort is becoming increasingly important. COP27 is more than a UN meeting - it’s a broader gathering of government officials, non-governmnet organizations (NGOs), activists, company leaders, and academics who collaborate and discuss ways to tackle this global problem. For two weeks in November, much of the world’s attention was focused on Sharm El Sheikh, Egypt, which hosted COP27, a meeting of the 198 countries that have signed the UN Framework Convention on Climate Change.

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