IEF - Energy Transition Report, 2023

This report summarizes the findings from the Global Energy & Sustainability Initiative (GESI) dialogues, which brought together a diverse group of stakeholders to discuss the challenges and opportunities of the ongoing energy transition. The report emphasizes the need for a "multidimensional" approach to the transition that is inclusive of different situations in different parts of the world, reflecting varied starting points, diversity of policy approaches, and equity considerations. The report highlights the importance of addressing the coexistence of climate goals with energy security, access, and affordability priorities, and explores the role of different stakeholders in driving the transition forward. It also discusses the need for innovation and investment in new technologies and infrastructure, as well as the importance of international cooperation and coordination. While the report does not offer specific recommendations or conclusions, it aims to contribute to the dialogue on the energy transition and the challenges it presents. The report will be of particular relevance to the COP 28 meeting at the end of 2023, which will address many of the questions and issues raised in the GESI process. The report also includes an appendix that provides more detail on the specific comments made by participants in the dialogues, as well as key contextual information and analysis shared with participants in pre-dialogue briefing papers. Overall, the report provides a comprehensive overview of the ongoing energy transition and the complex challenges it presents, as well as potential solutions and opportunities for progress.