Christoph Schell, World Economic Forum:
For energy access and climate change, 2022 has been a year of reckoning. These interlocking crises are impacting billions of people and the need to act is clear.
As Russia invaded Ukraine and the West barred the import of Russian oil, global electricity demand increased by 389 terawatt hours — a 3% rise compared with the first half of 2021. Energy prices worldwide are expected to increase by 50% on average by the end of this year.