The rapidly evolving future of energy

The global energy landscape is in transition, with the energy mix of 2035 expected to be more diverse and lower-carbon than ever before. Advances in solar affordability, battery technology and new energy sources are accelerating the shift towards renewables, even as traditional energy sources remain essential to meeting rising demand.

This transition is complex. Policy changes, market dynamics and surging power needs—from data centres to electric vehicles—are shaping the pace and direction of progress. Some governments are delaying net-zero targets and some companies are reducing renewable investments, but the overall trend remains towards electrification and sustainability.

Countries like India and China are expanding both renewable and conventional energy capacity, reflecting the need for a balanced approach. Meanwhile, many organisations and investors continue to prioritise low-carbon business models, recognising the economic and strategic value of sustainability.

Deloitte Global's latest report revisits our Future of Energy 2020 Scenarios, providing business and government leaders with guidance on navigating uncertainty and making informed decisions as they shape the energy mix of 2035. In this report, we outline four distinct scenarios, each exploring a different pathway for the energy transition and its potential impact. The path forward will require flexibility, innovation, and a pragmatic balance between economic and environmental priorities.

Future of energy

We are on a mission to scale the energy transition for both business and social benefit.