In this podcast [25 min], Insightview has talked with Morten Springborg, a Thematic Specialist at C WorldWide Asset Management, about what looks like a "failed green transition" in Europe. Morten argues that the current strategy will create several energy crises in the future because the demand for energy will far exceed the supply side. One dollar invested in oil, coal and gas will produce 25 times more energy than one dollar invested in renewable energy, Morten says. We talk about the economic and political implications.
The editor asks Morten whether the latest energy crisis has shown mankind, yet again, that we may have the skills to solve or mitigate problems in the short run, but that we are rarely aware of the long-term consequences of our "amazing academic ability"?
Morten argues that the consequences of the green transition will be large under-investments in primary energy. Therefore, this will lead to higher inflation, which could, consequently, lead to a recession. Morten does not rule out that the green transition could be derailed. Insightview also asks Morten, who was a member of the Danish government's Energy Commission from 2016 to 2017, whether the Energy Commission members failed to provide the best advice to the government and politicians? The Danish Government’s Energy Commission was tasked to recommend to the Danish Government and Parliament suggestions for a new energy policy for the period 2020-30.
Morten Springborg has almost 30 years’ experience as an investment professional, and in more recent years, he has developed the thematic investment framework for C Worldwide. His thematic focus areas in recent years have been technological acceleration, the rise of China and US-Chinese tech rivalry, energy transition, demographic change and the relative demise of Europe.
Music: Melodyloops, 'Technology Park' – by MediaM
