About this episode

Michael Cembalest discusses the current state and challenges of the energy transition.

The energy transition is in the midst of its own transition. Spiking electricity demand and geopolitical events are driving up energy prices, while debates over the best sources of generation play out amid supply chain constraints and questions about whether or not the energy crisis in the Strait of Hormuz will accelerate a transition away from oil and gas. But underneath all those debates is a more basic question: do we have the data, evidence, and analytical clarity that is needed to understand where the energy world actually stands? Today on the show, Jason Bordoff speaks with Michael Cembalest about "Fighting Words: The Energy Transition in 2026," the latest installment of Michael's annual "Eye on the Market" energy report. It takes a hard look at the state of the energy transition and the many battles shaping the energy world today, from the so-called "primary energy fallacy," which can obscure how much useful energy renewables actually provide, to China's dominance in the sector, to the economics of electric vehicles. Michael is chairman of market and investment strategy for J.P. Morgan Asset Management. Prior to this role he was chief investment officer for J.P. Morgan's…

People in this episode

Host: Jason Bordoff

Guest: Michael Cembalest

Topics covered

• energy transition
• electricity demand
• geopolitical events
• energy prices
• renewable energy
• electric vehicles

Keywords

• energy transition
• electricity demand
• geopolitical events
• renewable energy
• electric vehicles
• energy prices
• China

Mentioned in this episode

Organizations: J.P. Morgan Asset Management, Columbia University

Books & works: Fighting Words: The Energy Transition in 2026, Eye on the Market

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