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The transition in progress

Renewable energy

65%

By 2040, renewables will supply 65% of global electricity.

Wind and solar

10X

Wind and solar capacity will grow 9- and 10-fold respectively between 2024 and 2060.

Fossil fuels

36%

The fossil fuel share of primary energy will fall from 80% today to 36% in 2060.

Carbon capture

16%

By 2060, carbon capture and storage will remove 16% of global emissions.

Electric vehicles

83%

By 2060, 83% of passenger vehicles worldwide will be electric.

AI

3%

AI is emerging as a notable new source of energy demand, but will only consume 3% of global electricity in 2040.

Global warming

2°C

Limiting global warming to ‘well below 2°C’ remains possible, but it requires urgent action across all sectors, countries, and regions.

Insights

Energy Industry Insights 2025

From silos to systems

This special report explores why whole energy systems thinking is critical to accelerating the energy transition.

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More insights

The Energy TRansition Outlook

A global and regional forecast to 2060

Take a look at unique insights into the complexities of the energy transition. Download research-based reports, papers, articles, and more!

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Energy Industry Insights 2025

Short-term volatility, long-term optimism

Insights from over 1,100 energy professionals and industry leaders on the outlook, sentiment, and key priorities for the year ahead.

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