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Executive Summary
Reduction in refined fuel demand (gasoline/diesel) is primarily driven by electrification (EV penetration ~25% global new sales 2025, displacing ~1.2 mb/d oil equivalent), efficiency gains (MPG improvements offsetting VMT growth), and behavioral shifts, not dominantly by 15-minute city models. The 15-minute city (proximity-based urbanism) and smart digitalized local economies contribute secondarily…
Silver, a unique hybrid asset (monetary, industrial, speculative, linked to energy transition), exhibits higher volatility than gold. Its price is influenced by monetary demand, industrial demand, physical supply, and real interest rates.
The primary driver, monetary demand, is linked to real interest rates (nominal rates minus inflation). When real rates are negative, the opportunity…
Carbon Credit Market
Analyse de marché