Drawing on a global survey of more than 1,000 energy professionals and expert analysis, this report explores where investment is accelerating, how leaders are balancing security with transition goals, and what it all means for near-term decisions.
For the first time, this year’s full forecast extends to 2060 to reflect the continued transformation of the energy system after 2050. Our projection shows that while the energy system will have changed significantly by mid-century, in many areas the transition will still be in mid-stride.
The Iran war has unleashed the biggest fossil supply shock in decades. The net long-term result appears to be a boost for renewables and nuclear as, in most countries, the incompatibility of oil and gas dependency with energy security is now beyond dispute.
As renewables penetrate ever deeper into national energy systems, it is time to consider the short- and long-run impacts of upstream supply shocks in seemingly well-supplied markets like copper and lithium.
This report shows why whole energy systems thinking is critical to the energy transition — enabling more resilient, efficient, and low-carbon energy systems through integrated planning across sectors and technologies.
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