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The current political landscape presents a difficult dilemma for policymakers and providers across the energy sector. In the short-term, energy security dominates the agenda as Western countries must bolster supply while continuing to reduce consumption of Russian energy in the wake of the Ukraine war. But longer-term, pressure intensifies to meet climate goals, transitioning away from hydrocarbons to renewable energy and a green global economy.

Understanding how governments and energy companies will balance these conflicting priorities will be key to managing business risks and opportunities in the years to come. To give a better sense of the likely developments ahead, we consider some of the key players influencing energy-sector developments before assessing prospects for the global energy transition.

Download our latest white paper to understand the political landscape for the energy sector across Russia, Europe and the United States.