The traditional carbon-based energy market is a cyclical business driven by a “carefully choreographed capital-spending cycle”, researchers have found.

Leigh Goehring and Adam Rozencwajg of New York-based investment manager Goehring & Rozencwajg conducted the highly contrarian and original research into the unfolding European energy crisis and global energy transition into renewables that is playing out in SA against a backdrop of a lobby against natural gas in favour of renewables...