The world’s energy situation is not as terrible as you might expect

The past several years have seen a lot of unexpected turbulence in the global energy market. Lockdowns during the early pandemic response caused energy use to plunge in 2020, but carbon emissions soared as the economy rebounded in 2021. Early 2022, however, saw Russia invade Ukraine and attempt to use its energy exports as leverage over European countries, leading to worries about a resurgence in coal use and a corresponding surge in emissions.