Europe's 2023 energy scarcity will drive green transition, says IMF chief

Europe's 2023 Energy Scarcity Will Drive Green Transition | GZERO World

With soaring energy prices, Europe is headed toward a dark winter. But next year could be even worse.

If Vladimir Putin continues to weaponize natural gas supplies, IMF Managing Director Kristalina Georgieva believes 2023 will be an even tougher winter for the Europeans, she tells Ian Bremmer on GZERO World.

Still, there's a silver lining. Kicking its Russian gas habit will make it easier for Europe to make its green energy transition a reality.

Watch the GZERO World episode: Can the world avoid a global recession?

More from GZERO Media

Paige Fusco

Haiti, the poorest country in the Western Hemisphere, has been engulfed in violent gang warfare and without a leader since its former prime minister, Ariel Henry, was barred reentry to the country on March 12.

Nashville Predators defenseman Ryan McDonagh (27) stick checks Vancouver Canucks forward Brock Boeser (6) during the third period in game two of the first round of the 2024 Stanley Cup Playoffs at Rogers Arena.
Bob Frid/Reuters

For the past 31 years of hockey folly, Canadian fans have greeted the NHL playoffs by telling anyone who will listen that “this year is different.”

Workers assemble a vehicle as Honda announces plans to build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments, at their automotive assembly plant in Alliston, Ontario, Canada, April 25, 2024.
REUTERS/Carlos Osorio

Honda has announced an $11 billion plan to build electric vehicles in the Canadian province of Ontario, an investment Premier Doug Fordsays will be the largest ever for Canada.

TikTok logo displayed on a phone screen is seen through the broken glass with American flag displayed on a screen in the background in this illustration photo taken in Krakow, Poland on April 24, 2024.
Jakub Porzycki/Reuters

Canada’s government ordered a national security review of TikTok last September and has already banned the app on government devices.

FILE PHOTO: Former film producer Harvey Weinstein appears in court at the Clara Shortridge Foltz Criminal Justice Center in Los Angeles, California, USA, 04 October 2022. Harvey Weinstein was extradited from New York to Los Angeles to face sex-related charges.
Etienne Laurent/Pool via REUTERS/File Photo

The New York Court of Appeals overturned a 2020 sex crime conviction against disgraced film producer Harvey Weinstein on Thursday, citing procedural errors.