Part 5/14:
Energy Markets: The Core of Inflation and the ESG Narrative
A significant portion of the discussion centered on energy markets. Rising energy prices—natural gas, electricity, oil—are direct contributors to inflation, yet they are often downplayed or misunderstood. The experts criticize policies like decommissioning nuclear power plants or restricting natural gas leases, which exacerbate energy scarcity and inflate prices. Germany's experience was cited as a cautionary tale: their transition to renewables has led to some of the highest electricity costs globally.