The Lisbon Energy Summit & Exhibition 2024 emphasized the urgency of accelerating the global energy transition towards renewable energy sources. Industry experts highlighted the need for progress over perfection in decarbonization efforts. Key takeaways included the recognition of the energy transition as a matter of global importance, with strategic implications for energy security and national sovereignty. Europe's efforts to diversify energy sources to enhance security were discussed, with a notable decrease in reliance on Russian gas reported. The importance of public funding for scaling renewables and addressing bottlenecks in the grid was underscored, alongside the need for collaboration between public and private sectors. However, challenges such as the slow progress in the hydrogen industry were noted, emphasizing the importance of overcoming project delays. Portugal's commitment to decarbonization and the significant role of hydrogen in its energy market were highlighted, with the country aiming for climate neutrality by 2045. Overall, the Summit showcased the critical need for global cooperation and investment to drive the transition towards a sustainable energy system.