The Energy Transition Is Not a Straight Line
Debates over renewables, fossil fuels and nuclear power reveal the complex realities shaping the global energy transition.
The global energy transition is often presented as a clear and inevitable shift from fossil fuels to renewable energy. In practice, however, it is far more contested and complex. In Fighting Words, the 2026 energy paper by Michael Cembalest, Chairman of Market and Investment Strategy at J.P. Morgan Asset & Wealth Management, the debate surrounding energy systems is examined through competing claims about cost, reliability, technology and geopolitics.
