Engagement and communication
Plays a role in growth and development of GHD.
What is the energy society shock?
This content has been extracted from our SHOCKED report.
The energy crisis is impacting every aspect of society, from businesses to households. With rising societal pressure to deliver reliable energy supply, lower bills and reduce emissions, the energy sector faces significant challenges. Community opposition to vital infrastructure projects further complicates the situation. Meaningful engagement with communities and collaboration with governments can help the energy sector navigate this complex transition.
The energy crisis strains society as the sector faces pressure to cut costs and emissions while overcoming community opposition to projects.
Energy crisis fuel inflation, recession and inequality
Almost three-quarters of energy sector leaders (74 percent) say energy prices are currently the biggest contributor to inflation and 72 percent say the energy crisis is contributing to a global recession. This has knock-on effects for every part of society, with over three-quarters of energy sector leaders (76 percent) saying the energy crisis is reducing the standard of living across the globe and 78 percent believing increases in energy prices have the biggest impact on the poorest parts of society.
How the energy sector and the government navigate crisis
Energy companies are feeling the pressure themselves, with 71 percent saying consumer backlash from increased energy bills is a grave threat to their business. With the energy sector under the spotlight like never before, how — and to what degree — the industry works with government partners to mitigate the most severe impacts of the crisis is one of the biggest challenges facing boardrooms today.
The energy crisis calls for collaboration between the energy sector and governments to engage communities and navigate this complex transition.
Want to go deeper?
To gain a deeper understanding of the energy transition impact and explore potential solutions, download the full SHOCKED report.
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