The energy transition is one of the defining themes of modern markets. But what happens when ambition runs ahead of reality?
In this episode of Connected Investor from the Brunner Investment Trust, Julian Bishop and James Ashworth explore the tension between the push towards cleaner energy and the continued global reliance on oil and gas. They discuss why fossil fuel demand continues to rise despite significant investment in renewables, and why much of the global economy, from transport to manufacturing, remains difficult to decarbonise.
The conversation also looks at the inelastic nature of energy demand, and how even sharp price increases often fail to curb consumption. Julian and James examine the role of geopolitics in energy markets, from supply concentration to energy security, and explain why energy has always been as much a political issue as an economic one.
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