World Energy Outlook 2022: Executive Summary

The report highlights a global energy crisis triggered by Russia’s actions in curtailing energy supplies to Europe, leading to soaring natural gas and coal prices. The crisis has inflationary impacts, risks of recession, and worsened food insecurity. Governments are taking actions to mitigate immediate impacts and plan for long-term energy transitions, with clean energy investment becoming a major opportunity for growth. The report explores different scenarios, emphasizing the importance of government policies in shaping the future of the energy sector.