Global Energy Crisis: Impact on the World Economy The current global energy crisis is a significant challenge affecting economies around the world. With the surge in energy prices, especially oil and gas, various economic sectors have been forced to adjust. This crisis was triggered by a number of factors, including geopolitical tensions, climate change, and economic recovery after the COVID-19 pandemic. In this context, analysis of its impact on the global economy is very important. One of the main impacts of the energy crisis is high inflation. Rising energy prices cause production costs to increase, and this in turn impacts the prices of goods and services. The transportation and manufacturing sectors are the most affected, given their dependence on fuel. The economy, which has recovered after the pandemic, is now under pressure again due to the increasing cost of living, which has resulted in a reduction in people’s purchasing power. The energy crisis also encourages countries to explore alternative energy sources. The transition to renewable energy is becoming increasingly urgent. Investment in renewable energy infrastructure, such as solar and wind, is increasing to reduce dependence on fossil energy sources. This opens up new opportunities in the green sector, driving innovation and creating jobs even in the short term, perhaps causing market uncertainty. Geopolitics also plays a significant role in this crisis. Conflicts in energy-producing regions expose the world to the risk of unstable supplies. Countries like Russia and OPEC countries can influence global prices through their production policies. When supplies are cut off, the impact is felt around the world, with countries dependent on energy imports facing major challenges in maintaining economic stability. In a social context, the energy crisis results in social and political concerns. Society suffers from skyrocketing energy tariffs and the government must face the challenge of managing and balancing economic interests and people’s needs. Social unrest could erupt if public dissatisfaction with the increasing cost of living is not handled wisely. The business sector also experienced an impact. Many companies are considering releasing apartments and offices to reduce ever-increasing operational costs. Companies that cannot adapt quickly to these changes have the potential to lose market share. Smart businesses will use this crisis as an opportunity to innovate and invest in technologies that increase energy efficiency. When we examine global markets, we find that developing countries are often more vulnerable to energy crises than developed countries. Limited infrastructure and access to technology often become obstacles for these countries to transition to clean energy sources. As a result, they may be trapped in a cycle of fossil fuel dependence that is costly and threatens long-term economic growth. The global energy crisis also touches the sustainability aspect. Commitments to reduce carbon emissions and achieve sustainability goals are strained by the urgent need to meet current energy consumption. This creates a paradox that world leaders must face: balancing economic growth with environmental responsibility. Overall, we face a future full of challenges amidst this global energy crisis. Appropriate decision making and collaboration between countries will be key in overcoming this crisis. Innovation and development of new technologies can be a solution so that the world can face these challenges and achieve long-term sustainability. The public and private sectors need to work together in designing holistic policies and strategies to create a balance between current energy needs and future sustainability.