Fostering Effective Energy Transition 2023 Report

On 28th June, 2023, the World Economic Forum (WEF) published a report, titled ‘Fostering Effective Energy Transition 2023’. The report presents significant findings and insights into the global energy transition, highlighting progress, challenges, and opportunities.

Key Findings

  • "Polycrisis" Challenges: The world is facing multiple crises, including health, geopolitical, and economic challenges, which have influenced countries' energy transition efforts. These crises have necessitated resource reallocation and measures to address energy security and affordability concerns.
  • Evolving Energy Triangle: The traditional focus on access to energy has expanded to include sustained economic development (equity), diversifying the energy mix (security), and a broader definition ....
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