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The New Dynamics of the Energy Transition

The Sustainable Advantage
September 2025
The Energy Transition's Next Chapter
The energy transition has entered a new phase, with a number of shifts reshaping the path ahead. Among them are an increased focus on energy security and affordability and rising investment in energy infrastructure.
$10
trillion expected energy sector corporate capex from 2024 through 2030
As BCG heads to New York City for Climate Week 2025, the shifting dynamics of the energy transition are coming into view. It is worth noting that the global energy transition is, in fact, a series of distinct country and regional transitions unfolding with differences in pace and technology choices. For companies and investors, this requires segmenting markets by technology fit, policy maturity, and bankability—and timing bets accordingly.
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