09 Dec 2022
The year ahead 2023
We explore the impact of energy markets across three major themes that we believe will fundamentally drive the outlook across regions, sectors, and markets.
Essential insights into the big themes fuelling the outlook
As we look ahead to 2023, energy prices appear to hold most sway over the economy and markets.
Lower energy prices could provide a path for a global economic soft landing by insulating consumers and businesses from the most detrimental of cost increases; it could dissuade inflation-targeting central banks from keeping interest rates prohibitively high for longer. Sustained higher energy prices, on the other hand, would result in ongoing stagflationary risks to the global economy and tighter monetary policy for longer, sapping consumption and business investment – including into the energy sector itself.
That’s precisely why energy is the focus of the Year Ahead 2023. In this series of articles below, we explore the impact of energy markets across three major themes that we believe will fundamentally drive the outlook across regions, sectors, and markets.
Running on empty: what’s in store for energy markets in 2023
Energy prices have rocketed in 2022, mainly due to the war in Ukraine. But with the global economy slowing down, can we expect similar rises in the year ahead?
Fuelling the fire: the biggest geopolitical risks to look out for in 2023
Geopolitics looks set to be a big driver for markets and the economic outlook in the year ahead. Scott Livingstone, International Advisor to NatWest Group, shares his view on the likeliest sources of geopolitical risk in 2023.
Restarting the green energy transition in 2023: the nuclear option
How can countries balance the short-term energy crunch with their long-term emissions reduction goals? We think nuclear energy is essential for the green energy transition – and will become a bigger part of the conversation in the year ahead.
Paul Sutcliffe, founder and Chief Operating Officer sustainability consultancy Evora, shares his thoughts on the importance of investors talking early action to mitigate future risks and how to overcome the challenges.
Scope 3 emissions, often seen as the ‘hidden emissions’ within an organisation’s carbon footprint, are ultimately the most impactful area that alternative investment funds can influence and have the greatest effect on change.
Our economists share their views on the key economic trends to watch in the month ahead.