Global Energy Perspective 2023
- Ryan Sacramone
- Nov 27, 2023
- 1 min read
The Global Energy Perspective 2023 highlights the evolving energy landscape shaped by the Ukraine war and an energy crisis. Balancing sustainability with energy security, affordability, and competitiveness is crucial. The energy transition's outlook is uncertain, influenced by factors like technology, policy, and fossil fuel use. Renewable energy growth is significant, with solar and wind expected to dominate by 2040, but challenges like supply chain issues persist. Fossil fuel demand may peak by 2030, but uncertainties surround oil and gas futures. Investments, though increasing, need to address bottlenecks for a successful transition. The path to a net-zero future involves overcoming numerous hurdles, requiring strategic planning amid uncertainties.
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