Global Energy Crisis: Impact on the World Economy The global energy crisis has become a major issue that significantly affects the world economy. Unstable energy production, surging fuel prices, and geopolitical uncertainty are some of the factors contributing to this problem. In various parts of the world, countries are experiencing challenges in maintaining economic growth amidst uncertainty in energy supplies. One of the biggest impacts of the energy crisis is inflation which continues to increase. When oil and gas prices soar, the costs of transporting and producing goods also increase. Countries that depend on energy imports, such as many developing countries, feel the impact harder. This causes people’s purchasing power to decline, potentially slowing down post-pandemic economic recovery. In addition, the energy crisis encourages companies to increase operational costs. Some industries, such as manufacturing and transportation, are particularly sensitive to changes in energy prices. These cost increases are often passed on to consumers, causing a slowdown in consumption and investment. Overall, this creates a negative cycle, in which economic growth is hampered further. On the other hand, this crisis is encouraging a shift towards renewable energy sources. Independent countries are starting to invest more in green energy infrastructure, such as solar and wind power, to reduce dependence on fossil fuels. These investments open up new opportunities for innovation and job creation, but also require time for implementation and scalability. Geopolitics also plays an important role in this crisis. Tensions between major powers, such as Russia and Western countries, are creating greater uncertainty in energy markets. Sanctions and embargoes changed energy trading patterns, leading to supply crises in several regions. Countries that previously depended on energy supplies from a single source are now looking for alternatives, increasing the need for diversification of energy supplies. Furthermore, there are significant social impacts arising from the energy crisis. Rising energy costs not only affect businesses, but also affect the lower and middle classes. Families with lower incomes spend a greater proportion of their budgets on energy, making them more vulnerable to price fluctuations. This sparked protests in various countries, showing public dissatisfaction with deteriorating economic conditions. In addition, the energy crisis also requires the government to consider new, more sustainable policies. Measures for energy efficiency, incentives for electric vehicles, and the development of environmentally friendly technologies are becoming increasingly important. This new version of energy policy is strongly influenced by the need to improve national energy security and tackle climate change. The global energy crisis brings major challenges, but also opens up opportunities for economic transformation. Adaptation and innovation in the energy sector will be key to overcoming this turmoil. International collaboration in research and technological development for renewable energy sources is an important step towards a long-term solution. As the world seeks to mitigate the negative impacts of this crisis, the ability to adapt and innovate in the face of difficult situations will undoubtedly determine the future of the global economy.