Beyond the Energy Crossroads: Deciphering Key Trends and Charting the Path in 2024

Rim Berahab

No 2402, Policy briefs on Commodities & Energy from Policy Center for the New South

Abstract: The energy landscape in 2024 is at a crossroads. Fossil fuels continue to dominate, with prices that are volatile due to geopolitical tensions and shifting demand patterns. However, renewable energy is on the rise thanks to cost declines, policy support, and growing consumer adoption. This Policy Brief examines five significant trends that will shape the energy landscape in 2024. Navigating the complex energy landscape requires careful risk monitoring and prudent policy responses. Key areas to monitor are potential spikes in oil and natural gas prices, and challenges to the expansion of renewable energy. By understanding these trends and proactively managing risks, countries can ensure a more sustainable and secure energy future.

Date: 2024-02
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