International Energy Agency – World Energy Outlook, 2024

The world is facing significant challenges in terms of energy security, with ongoing conflicts in places like the Middle East and Ukraine highlighting vulnerabilities in the global energy system. Extreme weather events are also posing risks to energy infrastructure, especially impacting the most vulnerable populations in emerging and developing economies. The International Energy Agency (IEA) is emphasizing the importance of energy security and clean energy transitions, as well as the need for affordable and reliable energy supplies. The latest World Energy Outlook (WEO) underscores the rapid shift towards a more electrified energy system, with a focus on clean electricity as the future. Decision makers are urged to consider the changing energy landscape and accelerate the transition to clean energy technologies for a more sustainable and secure future. The report also highlights the increasing fragmentation of traditional fuel and clean technology markets, with trade measures impacting the clean energy sector on the rise.