THE 2023 GLOBAL ENERGY AGENDA

ing all facets of the global energy system, roughly half When the 2022 Global Energy Agenda survey was of the respondents name the war’s continuation or conducted in late 2021, the cyberattack on the Colonial escalation as the dominant energy risk in geopolitics. [...] However, there still remains an 10 A view of solar cells on the rooftop of a hotel in the resort town of Sharm el Sheikh, the first to operate a solar-powered plant in a bid to turn to clean energy in advance of hosting the COP27 summit in November, June 4, 2022. [...] The war has highlighted the to the EU; by the fall of 2022, Russia’s share of EU need for greater energy security, which could lead imports had fallen to 7.5 percent.4 In the first half of to increased investment in indigenous clean energy 2022, Russian oil imports to the EU also declined.5 resources. [...] ing by at least 50 percent by 2050, and the global Events during the second half of 2021 and the population projected to increase to almost ten bil- first half of 2022 have brought energy security lion, it is crucial to use cost-effective and proven firmly to the top of the political agenda. [...] text of the COP27 decision in Sharm el Sheikh That is both the challenge and the opportunity suggests that there is now sufficient momentum in the months between now and COP28: to drive to achieve the necessary reforms.