What do young executives think about energy?

On average they are around thirty.

Thomas Osborne
Thomas Osborne
22 December 2022 Thursday 02:38
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What do young executives think about energy?

On average they are around thirty. They will be the executives of the near future. They will have to make far-reaching decisions in the coming decade. Especially on the energy issue. Last week a group of 70 students who are about to earn their MBA degree at IESE staged a round of debates on the subject of energy.

Under the guidance of IESE professor of strategic management Massimo Maoret, each team had to defend a position on the hot topics in this sector, which are currently causing so much debate, with arguments, and, if possible, convince the audience. In the end, the class had to make their final judgment. What does the management class think will set the course in the coming years in relation to energy? Without intending to be statistically relevant, the results of the polls after the debates allow a representative profile to be obtained.

If a profile were to be made based on their answers, the young manager as he emerged from the academic debate would mostly have the following positions: he believes that nuclear energy and gas should be considered green energies to facilitate the energy transition; he believes that it would be necessary to nationalize certain firms in the sector to stop the escalation of prices; He considers that carbon border adjustment mechanisms are a good system to promote decarbonization on a large scale, while he views carbon capture mechanisms as a tool to fight emissions with some suspicion.

Instead, this executive in his thirties does not have a clear position on two issues: the European Union's ban on the sales of internal combustion engine vehicles by 2035 and the current mechanism for setting the price of electricity through the marginal price. An internal conflict: there was practically a tie between yes and no.

Unlike society, which tends to have very polarized positions on these issues, young people admit that not everything is always black or white, but that there are gray scales.

It should be noted that IESE teaching staff in no way advocates or defends specific positions, but has limited itself to putting managers before the decisions that they will surely have to make in the coming years, whatever the sector. Because it seems that the issue of energy is destined to stay in the debate for a long time.

And all this, without taking into account a not minor detail, of a pedagogical nature: the students, depending on how the exercise was planned, had to defend a position with which they did not necessarily agree. Putting yourself in the opponent's shoes is the best way to doubt. And be a good executive.