Energy Transition: Why the EU is going 'black' instead of 'green'

11 December 2013

In the most recent episode of our HEC Paris Insight video series, Jean-Michel Gauthier, Affiliate Professor and head of the Energy & Finance Chair at HEC Paris, gives us his latest energy outlook.


In this video he explains that even though the world has gone through one of the worst recessions ever, the energy market shows few signs of moving on to a more sustainable path. As it stands, over the coming years the global energy demand will still remain focused on fossil fuels.

Whilst recognizing energy transition as a European concept, Professor Gauthier recalls the main objectives of the European Union: notably, to boast energy efficiency under the 2050 energy roadmap . He also explains why, with very expensive policies and high level energy prices, the EU is opting for 'black' instead of 'green'.

Jean-Michel Gauthier, Affiliate Professor of Energy Economics & Finance, is head of the Energy & Finance Chair at HEC Paris, as part of a partnership between Deloitte and Société Générale Investment and Corporate Banking. As Chief Economist at Deloitte since 2011, Professor Gauthier is a recognized expert in energy regulations, markets and economics. He is also the joint academic director of the major in Management in an Energy Concerned economy in the HEC EMBA.

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