Page 27 - Policy Economic Report - March 2026
P. 27
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
This requires further investment in infrastructure, renewables, labour force development, and
financing to boost the country’s energy transition.
? Global Trends: While overall energy transition momentum is regaining speed (increasing 1.1% in
2025), energy security remains a challenge due to volatile global conditions and high demand.
As per WEF, the top five largest economies- China, the US, EU, Japan, and India- will determine the pace
and direction of the global energy transition due to their sheer size. Together, they account for around
half of the global GDP, population, and total energy supply (TES), and nearly two-thirds of global
emissions, giving them an outsized influence through their consumption patterns, investment flows, and
policy choices.
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