The energy transition: A region-by-region agenda for near-term action

by McKinsey & Co.

The complete article, which was published in December 2022, is available at:

https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights/the-energy-transition-a-region-by-region-agenda-for-near-term-action

Excerpt:

As 2022 comes to a close, the energy transition seems more disorderly than ever. A world economy shaken by a global pandemic and the surging inflation that has accompanied the subsequent recovery has had to contend with a tragic conflict in Ukraine and its aftermath of human suffering, rising energy costs and declining energy security. The immediate response has meant more short-term reliance on fossil fuels and less available resources for the transition, not to mention additional challenges to regional and global coordination.

As we look forward to 2023 and COP28, the dual imperatives of ensuring ener