An energy reset is happening around the world

The global climate summit COP30 that took place in Brazil in November fell short of expectations. It is not that the world is not concerned about climate change or that energy transition is not progressing, but more the outcome of the emerging global energy reset.

The world is undergoing a shift from purely climate-focused policies to a more ‘pragmatic’ approach that prioritises reliable, affordable, and secure energy. It acknowledges continued dependence on fossil fuels while integrating renewables and nuclear power...