Money Talks: The new superpowers
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 30 March 2022
⏱️ 39 minutes
🧾️ Download transcript
Summary
The transition to greener energy will shift the balance of power from oil and gas-producing countries to those with abundant deposits of materials needed for electricity grids, batteries and solar panels. Our Schumpeter columnist, Henry Tricks, and finance correspondent, Matthieu Favas, analyse who will be the winners and losers, the scale of investment needed to extract these minerals, and how history shows that sudden wealth from natural resources can be more of a curse than a blessing for the stability of nations.
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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
| 0:12.5 | With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise |
| 0:18.5 | their strategy with speed and certainty. |
| 0:21.2 | To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation, |
| 0:26.8 | research, EY Parthenon and real-world strategy now. |
| 0:32.9 | Money to auctions from the economist is sponsored by InvestAlberta, looking to expand your |
| 0:37.6 | business into North America, come to one of the continent's most business-friendly locations, |
| 0:42.6 | Alberta. |
| 0:43.6 | With the lowest corporate income tax rate in Canada, fueled by smart talent in dynamic |
| 0:47.9 | cities like Calgary and Edmonton and the youngest workforce in Canada, Alberta is a strategic |
| 0:53.1 | gateway for doing business throughout North America and beyond. |
| 0:56.6 | Visit investalberta.ca today to learn more. |
| 1:00.6 | Big, bold, Alberta. |
| 1:08.9 | Climate change alongside events in Russia and Ukraine is forcing countries in the rich world |
| 1:15.0 | to move quickly away from fossil fuels towards greener and less easily monopolise sources |
| 1:20.7 | of energy. |
| 1:22.2 | Transition should eventually change the balance of power between oil and gas producing countries |
| 1:27.9 | on the one hand and new green commodity superpowers on the other. |
| 1:33.5 | That sounds like an improvement. |
... |
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