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[BloombergNEF] New Energy Outlook 2025
The New Energy Outlook presents BloombergNEF’s long-term energy and climate scenarios for the transition to a low-carbon economy. Anchored in real-world sector and country transitions, it provides an independent set of credible scenarios covering electricity, industry, buildings and transport, and the key drivers shaping these sectors until 2050.
The 2025 edition presents a new, updated base-case scenario and a deep dive into key trends affecting the energy transition in the next 10 years to support corporations, financial institutions and policymakers navigating the energy transition. This edition includes analysis on data-center power demand, changed policy assumptions in some key geographic areas, and updated cost estimates for both clean and fossil energy.
NEO 2025 Executive Summary
Investors and businesses navigating the energy transition face rising complexity and uncertainty against a backdrop of elevated policy risk and geopolitical tension. Yet key clean energy technologies continue to enjoy strong fundamentals, with favorable economics and rising technology maturity driving adoption in diverse geographies across the globe. At the same time, accelerated power demand growth from rising adoption of artificial intelligence presents both a challenge and an opportunity.
