The prices of natural gas, coal and electricity have recorded a surge that is not only the effect of the economic recovery but also of trends triggered by global green transition, geopolitics and ESG policies. All countries are committed to zero carbon footprint policies without coordination. Fuels price grew because traditional energy production has been discouraged without setting the base for sufficient alternatives to cover surge in demand. The green transition has, de facto, limited the offer. The outcome of the nuclear negotiations between Iran and the rest of the world will, unexpectedly, weigh on the evolution of energy prices. A crisis and the resulting international tension could affect the price of oil and growth (China depends on Iranian oil) In this phase of… Read more
