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.
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