Today, we are experiencing not one, but two energy crises in an extraordinarily short period, revealing a global environment much more fragile and unpredictable than we used to assume.
The first shock came in 2022 with Russia's invasion of Ukraine. What is evident is that stability can no longer be taken for granted, and resilience, in both public policies and business models, will be the true strategic asset in the years to come.
We can draw many lessons from these two crises, but one that I consider central is that the energy future will not only be cleaner, but also much more uncertain.
Energy crises are not new events; however, until now, they have been phenomena of long gestation and broad cycles. They built up slowly, detonated with force, and took years, even decades, to dissipate.
The confrontation led by the United States and Israel against Iran has once again shaken global markets, pushing oil and natural gas prices to record levels. However, reality shows the opposite. Alongside these crises, recent scientific evidence points to a worrying acceleration of global warming.
Between 2015 and 2025, the average temperature of the planet increased by approximately 0.35 degrees Celsius, a figure significantly higher than the average of less than 0.2 degrees per decade observed between 1970 and 2015.
