Contents Running on empty: what’s in P.6 store for energy markets in 2023 Restarting the green energy P.9 transition in 2023: the nuclear option Moving beyond gas-fired P.12 inflation: prices & monetary policy in 2023 Fuelling the fire: the biggest P.15 geopolitical risks to look out for in 2023 For any terms used, please refer to this glossary The Year Ahead 2023 | 5