The global energy transition: a decisive decade for India and the world

McKinsey’s Global Energy Perspective 2025 marks ten years of tracking the energy transition, offering a chance to reflect on the lessons learned over this time and to look ahead to the future challenges and opportunities. Two key themes stand out from this year’s outlook: the transition must remain economically pragmatic, balancing affordability, reliability (including energy security), and emissions, and there is no single pathway to decarbonisation, as countries follow distinct trajectories based on their local economic conditions, resource endowment, and the realities facing particular industries.

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