As the world accelerates toward net zero, the energy transition may require a major course correction to overcome bottlenecks and reach the goals aligned with the Paris Agreement. We published our Global Energy Perspective 2023 report last year to explore the outlook for demand and supply of energy commodities across a 1.5° pathway—as well as four bottom-up energy transition scenarios. Luciano Di Fiori, Ole Rolser, Micah Smith, and other authors representing views from McKinsey Energy Solutions recently updated our macro perspective with a series of deep dives across the energy value chain. Check out the insights below for greater granularity on the most significant trends, challenges, and opportunities facing sectors, and visit the full report to navigate the uncertain path ahead.
Transition bottlenecks and unlocks