Have energy markets overlooked COP26? The MUFG Global Markets Podcast

Despite being the most anticipated climate event since the Paris Agreement in 2015, in the end discussions at COP26 took place against a backdrop of concerns regarding security of energy supply and high prices that threatened to derail a global recovery from the worst economic shock in a generation.

Energy crises often need short-term (6-12 months) fixes that can be contrary to longer-term climate targets, and whilst change was never going to happen over a fortnight, the pre-occupation of global energy markets with resurging demand and security of supply concerns made COP26 somewhat of a side show.

In this week’s podcast, Ehsan Khoman, Head of Emerging Markets Research (EMEA), offers perspectives on what the outlook for energy markets post COP26 looks like and believes that whilst the energy transition train will march on, COP26 highlighted that the split between emerging markets and developed markets split  in tackling climate change is as wide as ever.

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