“The effect of the energy transition is essential to create a new set of interdependencies, and they are going to be quite adventurous and definitely reach out beyond the boundaries of the European bloc and the North American bloc.”
DAVOS, Switzerland – While calling for an end to the global energy crisis, participants at the World Economic Forum Annual Meeting 2023 also saw the crisis as an opportunity to accelerate the world’s transition toward clean energy., said he believes that the transition toward cleaner and greener energy would create more connections between countries and regions, which will be part of what he called a “new cocktail of globalization” in the future.
It laid out 10 actions to align energy crisis responses with the energy transition, including maximizing electrification and energy efficiency to alleviate and decarbonize energy demand, providing reliable signals to investors in energy supply and infrastructure, and coordinating with regional peers to maximize efficiency and minimize the cost of energy crisis mitigation.
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