The current energy crisis is driving inflation, slowing economic growth and creating social turmoil, a new report said on Thursday while calling for new solutions that advance a sustainable and inclusive energy transition.
The World Economic Forum (WEF) report, released days before its annual meeting in Davos, said the world is in the grip of an unprecedented global energy crisis but short-term fixes will lead to a bleak future.
To achieve energy security and sustainability, the only solution is to accelerate the low-carbon transition and a comprehensive re-appraisal of energy systems is needed, it added.
