Renewable energy demand will increase by 11% in 2023! Serious problems ahead

As we enter the last quarter of 2022, forecasts about what awaits different sectors in 2023 have also started to be published. Recent reports show that it is predicted that e-commerce will grow by 6.1% and its share in global trade will exceed 14%.

Renewable energy demand will increase by 11% in 2023

As the world enters the third quarter of 2022 in the shadow of economic turmoil and geopolitical tensions, the first predictions for 2023 have started to come. The Industry Outlook 2023 report, which evaluates 2023 expectations in the automotive, consumer products, energy, finance, health, technology and tourism sectors, has been published by the Economist Intelligence Unit, the research and analysis unit of the world-renowned The Economist magazine. In the report, which draws attention to the fact that the renewable energy demand will increase by 11% next year, the global economic growth forecasts for 2023 have been lowered. Ramazan Burak Telli, Chairman of the Board of European Investment Holdings, which has investments in health, energy, recycling and tourism until today, shared his 2023 expectations in different sectors based on the report.

The report predicted stagnant growth in energy consumption in 2023, with demand increasing by only 1.3% globally. It was stated that extreme weather events and changing climatic conditions will challenge countries, while forecasts on the renewable energy front remained optimistic. Saying that the heat waves first in Europe and then in China in 2023 affected many sectors from food production to tourism, Chairman of the Board of European Investment Holdings, said, “Even though the energy crises triggered by geopolitical tensions delay the transition to green energy, next year A growth of 11% is expected in the renewable energy sector, led by the Asian market. Solar and wind energy alternatives, which offer a much brighter outlook compared to fossil fuels, are expected to hold strong opportunities throughout 2023. Of course, tightening policies of central banks increase financing costs and this situation keeps renewable energy investments at a limited level. However, the signs of a slowdown in interest rate increases from the US central bank officials may change the course during the year. The share of e-commerce in global trade will exceed 14%