We Need to Outgrow Our Problems
“Energy transition is not only about obtaining clean energy. It has to be affordable, otherwise lots of the world will not participate in that project”, says Sven Smit, chair of the McKinsey Global Institute (MGI)
Sven Smit interviewed by Marek Tejchman
Sven Smit, In the 1970s, we experienced two spikes in inflation, with interest rates rising both at the beginning and at the end of the decade
Sven Smit, In the 1970s, we experienced two spikes in inflation, with interest rates rising both at the beginning and at the end of the decade
Last time we spoke, you mentioned that the rise in inflation was not caused by the short-term shock of Ukraine war or post-covid reconstruction but rather by the long-term problems on the supply side.
Investments in renewables were not progressing rapidly enough, while investments in traditional energy sources were not sufficient.
Since then we have witnessed a significant slowdown in inflation, and, at the same time, issues with the number of offshore projects in Europe.
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