Global Energy Markets: Challenges and Opportunities – Energy Vision for 2050
Increasing energy prices – especially for oil and gas – and recent geopolitical conflicts have reminded us of the essential role affordable energy plays in economic growth and human development and of the vulnerability of the global energy system to supply disruptions. To secure energy supplies is once again at the top of the international policy agenda. Yet the current pattern of energy supply carries the threat of severe and irreversible environmental damage – including changes in global climate. Reconciling the goals of energy security and environmental protection requires strong and coordinated government action and public support. As a consequence, the decoupling of energy use and economic growth, a diversification of energy supply, and the mitigation of climate change causing emissions are more urgent than ever.