Key issues

Oil prices: in search of equilibrium

The energy mix of the future

Energy represents a very significant component of economic a ctivity (accounting for around 9% of global GDP according to our calculations) and its price fluctuations have an undeniable impact on the economy and the financial markets. In addition, the importance of energy goes beyond the economic sphere, as it shapes global geopolitical relations. Besides geopolitics, energy and its externalities also lie at the heart of the environmental issue. The economic historian Carlo M. Cipolla 1 defined the history of the world’s population as the history of energy. The expected change...