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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?

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At the 62nd Munich Security Conference in Munich, GZERO’s Tony Maciulis spoke with Benedikt Franke, Vice Chairman and CEO of the Munich Security Conference, to discuss whether the post-1945 global order is under strain or already unraveling.

TOKYO, JAPAN - FEBRUARY 8: Japan's Prime Minister Sanae Takaichi, leader of the ruling Liberal Democratic Party (LDP), places a red paper rose on the name of an elected candidate at the LDP headquarters on general election day on February 08, 2026 in Tokyo, Japan. Voters across the country headed to polls today as Japan's Lower House election was held.
Photo by Kim Kyung-Hoon - Pool/Getty Images

When Japanese Prime Minister Sanae Takaichi called snap elections last month, it was a big gamble. Holding a winter election just four months into her tenure with no real policy record to run on?