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Energy Trends and Outlook Through 2023: Surviving the Energy Crisis While Building a Greener Future

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  • Rim Berahab

Abstract

The volatility in energy markets since the outbreak of the Covid-19 pandemic in 2019/2020 has continued, with unprecedented uncertainty about global energy supply developing over the course of 2022 in the wake of Russia's invasion of Ukraine, against a backdrop of weakening macroeconomic conditions and high inflation. While some perceived this as a potential setback for the energy transition, others saw it as an opportunity to move away from fossil fuels and accelerate the development of clean technologies. This Policy Brief explores five recent trends that are likely to shape the transformation of the energy system in 2023 and highlights clean technology challenges to accelerate the transition to a greener future.

Suggested Citation

  • Rim Berahab, 2023. "Energy Trends and Outlook Through 2023: Surviving the Energy Crisis While Building a Greener Future," Policy briefs on Commodities & Energy 2307, Policy Center for the New South.
    • Handle: RePEc:ocp:pbcoen:pb_04_23
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