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Market report: Global Energy Perspective 2022
Market report: Global Energy Perspective 2022

Market report: Global Energy Perspective 2022

McKinsey’s new long-term energy outlook comes at a time when global energy markets are facing unprecedented uncertainty. The global energy landscape has been impacted by increased market uncertainty due to the conflict in Ukraine.

Already before the conflict began, the rebound in energy demand triggered supply constraints and price spikes for multiple commodities. Additionally, the long-term shift to low-carbon energy systems continues to gain momentum and has been accelerating in several respects.

Publication of the report – titled Global Energy Persective 2022 – aims to contribute a set of scenarios that may help calibrate the invasion of Ukraine with the longer-term energy transition momentum. The conflict is having immediate impacts on energy markets around the world. The resulting uncertainty is something that the world has not seen in a long while and, as of today, the potential scenarios that could unfold remain very uncertain. At the same time, most of the developments may be pertinent to the longer- term trends in energy systems that we have observed in the past decade, like increased competitiveness of electrification and renewables. This report specifically focuses on those longer-term trends and is based on the insights and analytics developed by McKinsey’s Energy Insights as well as the expertise of its industry and regional practitioners.

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