Welcome to the digital version of Antenna magazine – where we focus on the major global trends that are shaping the world around us and that will have an impact on the markets.
In this issue we explore the world of energy, and the question of how we can ensure a future that is sustainable for our way of life as well as for our planet. The ability to harness different sources of energy has been central to the development of civilisation. It affects everything from our domestic routines to geopolitics; it involves the latest science and engineering; and it is increasingly influenced by regulation and market requirements.
Today, the energy industry is increasingly shaped by China’s bold strategic ambition to dominate the market. The impact of this has often been huge investment, substantial growth and even precipitous price deflation. That has typically been a boon to consumers and advanced the spread of renewable energy sources abroad, but at the expense of shareholder returns.
This highlights how, from an investment perspective, the picture is more complicated than might be assumed. Indeed, while there is much debate about new technologies, it is striking how the traditional heavy hitters of big oil still have a role to play. Only by really understanding the choices in front of us, will we place ourselves in a position to benefit from the opportunities available.