Energy Transition Outlook 2026

This report from DNV states that the world is on track to reach net-zero emissions in 2098, with the forecast pointing to 2.3°C of global warming by the end of the century. The report finds that the energy transition is continuing, but not quickly enough to meet the goals of the Paris Agreement. This forecast places the exhaustion of the 1.5°C carbon budget in 2029 and the 2°C budget in 2052. It provides a comprehensive forecast of energy demand across transport, buildings, and manufacturing, as well as summaries of key electricity, fossil fuel, policy, finance outlook, and regional transition topics, among others.