Elchin Mammadov comanages MSCI’s ESG and climate research team for Europe, the Middle East and Africa. He also leads global utilities coverage, publishing company and industry research, overseeing ESG ratings for the utility companies and improving ratings methodology. In his previous role at Bloomberg, Elchin conducted equity research to assess how industry trends and government policies impact the financial performance of utilities. He holds a master’s degree in business management from the University of Surrey.
Research and Insights
Articles by Elchin Mammadov
COP28: Key Takeaways for Investors from the Global Climate SummitResearch Report | Dec 14, 2023 |
COP28 concluded with an agreement for countries to transition away from fossil fuels, marking a historic pivot away from the primary sources of energy that have powered society for nearly 200 years. How can countries — and investors — address these goals?
Tilting at Wind TurbinesPodcast | Sep 29, 2023 |
Despite growing demand for clean energy, price parity with fossil fuels and friendly policies, renewable energy companies are facing some tough headwinds. We take a look at why that's happening and what Orsted’s no good, very bad August can tell us about the rest of the industry.
The Russia-Ukraine War and the Markets: One Year LaterPodcast | Feb 23, 2023 |
While the direct market impact of Russia’s invasion has lessened over time, there have been longer lasting effects that have exacerbated investor concerns around inflation, rising rates and central bank actions around the globe. We examine the issue through a multi-asset-class lens.
Global Markets One Year After Russia’s Invasion of Ukraine11 mins read Blog | Feb 21, 2023 |
Markets have partially recovered since Russia invaded Ukraine, but questions remain about inflation, economic growth and central banks’ actions. Understanding last year’s performance across asset classes, may help with investment decisions in 2023.
Water, Water Everywhere? Well, Maybe Not for Long.Podcast | Jan 12, 2023 |
Faced with the undeniable reality of droughts and dry spells from China to the Southwestern U.S. this year, companies and their investors have begun to take the vital issue of water scarcity more seriously.
European Governments Rescue Utilities Amid Gas Crisis2 mins read Quick Take | Oct 27, 2022 |
Amid the Ukraine war, some of the largest European utilities have requested government support to offset losses from buying supplies at much higher prices. We look at which companies may be at greatest risk from soaring energy prices.
Catastrophic Droughts Put Utilities at Risk2 mins read Quick Take | Oct 11, 2022 |
Extreme droughts are putting great pressure on hydro and thermoelectric power producers, which need water to cool thermal power plants. Investors are watching to see how utilities manage water stress.
Energy Crisis Looms Over European Equity Markets2 mins read Quick Take | Sep 28, 2022 |
The unfolding European energy crisis is causing havoc among energy producers and utilities. How could soaring energy prices affect companies from the perspective of energy consumption?
NYC Climate Week: Energy Transition and Climate Adaptation PanelPodcast | Sep 26, 2022 |
It is climate week in New York city! For this episode we bring you clips from our live panel called Infrastructure finance for the energy transition and climate adaptation. The show is curated by host, Mike Disabato, but the content is all from the live show. The panel was on how might the new U.S. climate law supercharge America’s energy transition; and what mechanism can help to close the gap globally between where capital goes and where countries need it?
Proposed EU Windfall Tax May Hit Clean Power2 mins read Quick Take | Sep 20, 2022 |
As European policymakers mull windfall taxes on "excess" energy profits, clean-energy producers could be hit harder than fossil fuel-focused peers because of their differing cost structures.
Inflation Reduction Act May Energize Utilities’ Energy Transition5 mins read Blog | Aug 31, 2022 |
The Inflation Reduction Act may help utilities and energy firms reduce direct and indirect emissions through tax-credit incentives designed to scale up the deployment of renewables and accelerate development of frontier decarbonization technologies.
Cannon-Brookes Brokers a Deal with AGLPodcast | Jun 3, 2022 |
AGL Energy, Australia’s largest electricity generator and polluter, abandoned plans to spin-off its coal assets after tech billionaire Mike Cannon-Brookes bought shares to help block the move. It was a continuation of a trend we are seeing: the offloading or spinning off of pollutive assets away from the parent company. We discuss AGL’s attempt, this offloading trend, and where the company goes from here.
Baby Formula Crisis and Australia Goes GreenPodcast | May 27, 2022 |
Abbott Laboratories is having to answer difficult questions after the F.D.A found its Michigan plant to be “egregiously unsanitary.” The plant closed after four infants became ill and two died after consuming Abbott’s baby formula that was made at the plant leading to a national formula shortage. We discussed what happened and why product quality and safety is such a key issue in ESG analysis. Then, we discussed the Australia election results which were heavily influenced by climate change concerns.
Nord Stream 2 and Vaccines for EveryonePodcast | Feb 25, 2022 |
As the Russian escalation in Ukraine continues, Germany has decided to suspend certification of the Nord Stream 2 Baltic Sea pipeline that would have doubled Russia’s natural gas export capacity to Germany. We discussed what this move means for the energy mix of Western Europe and what companies are exposed to the pipeline’s construction. Then, we discussed the equitable distribution of the COVID-19 vaccine: which company has distributed the most vaccines to lower income countries and which company has distributed the least, and why it matters.
Europe’s Dependence on Russian Gas and Online GamblingPodcast | Feb 18, 2022 |
Tensions continue to rise between Russia and Ukraine. The crisis is complicated because of the dependence of the West on Russian natural gas. We discuss how that dependence plays out and what could happen to companies’ carbon targets if Russia cuts off its supply of natural gas. Then, we discuss the proliferation of online gambling in the US.
Sustainable Gas and Assault at Rio TintoPodcast | Feb 4, 2022 |
The EU has made a last minute change to its green bible, the EU Taxonomy: It proposed including natural gas as a sustainable transition fuel. The move would have notable effects on investors and companies. And would give natural gas a coveted green label by the EU. Then, a self-commissioned report by Rio Tinto revealed sexual assaults and culture of ‘systemic’ bullying at the Australian mining giant.
The World Gets Into the Spirit of COP-eration and Energy Prices Be CrazyPodcast | Nov 19, 2021 |
COP26 dropped an unstoppable wave of headlines. As delegates catch their breath for the hard work that starts in the aftermath, we take a look back at what happened in Glasgow. For one, it looks like big change lies ahead, especially for energy producers. But a recent surge in the prices of coal, oil, and gas may dampen the spirits of climate investors. Should it?
Deforestation and Coal Death at COP26Podcast | Nov 5, 2021 |
We talk about two of the most consequential agreements made at COP26 this week. The first is the deforestation pledge signed by around 100 world leaders. And the second is an agreement by 46 countries to halt the growth of coal in our energy sector. Each is a step among many toward a more sustainable future, but each, as with many agreements, has its pitfalls.
Climatepalooza Pt. 1Podcast | Sep 24, 2021 |
It is climate week this week in New York city. So, we decided to throw a climatepalooza for you all by examining the climate plans of three companies in the most the most pollutive industries. In this episode, we give you a roadmap for the climate plans that have been coming out this week and tell you what to pay attention to as you sort through a company’s emissions reduction plan.