Drawing on dialogue with more than 275 senior energy leaders from 65 countries, the report explores how leaders are rebalancing priorities as energy transitions enter a more complex phase – where the challenge is shifting from deployment alone towards grids, storage, flexibility, markets, institutions and system integration.
It introduces rebalancing as a leadership discipline: continually reassessing energy security, equity and environmental sustainability as circumstances change.
Across regions, five recurring tensions stand out: investing for tomorrow while managing today’s costs; redesigning markets while operating within current realities; strengthening national competitiveness while preserving cross-border interdependence; improving project efficiency while earning social legitimacy; and matching institutional ambition to the capacity available.