The WEO-2022 and ETP-2023 – based on the integrated GEC modelling cycle – explore three scenarios, all of which are fully updated to include the latest energy market and cost data. Instead, what the scenarios seek to do is to enable readers to compare different possible versions of the future and the levers and actions that produce them, with the aim of stimulating insights about the future of global energy. These scenarios are not predictions – GEC Model scenarios do not contain a single view about what the long-term future might hold. By comparing them, the reader is able to assess what drives the various outcomes, and the opportunities and pitfalls that lie along the way. The GEC Model is used to explore various scenarios, each of which is built on a different set of underlying assumptions about how the energy system might respond to the current global energy crisis and evolve thereafter. The IEA medium to long-term outlooks – the World Energy Outlook ( WEO) and the Energy Technology Perspective (ETP) - use a scenario approach to examine future energy trends relying on the Global Energy and Climate (GEC) Model.
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