Capgemini's World Energy Markets Observatory 2024 report highlights the challenges and required accelerated efforts for achieving net zero emissions by 2050. Despite positive strides, the pace of renewable energy development remains insufficient to meet the Paris Agreement's objectives. The report stresses the urgent need to hasten renewable energy deployment globally, especially in developing nations, to fulfill decarbonization goals. Furthermore, nuclear energy is recognized as crucial for stable, low-carbon power, with the report advocating the tripling of global nuclear capacity. While hydrogen is acknowledged as a strategic tool for decarbonization, issues like production costs and competition between uses pose obstacles. Investment in the power grid is on the rise, with a projected USD 400 billion in 2024, highlighting the importance of grid optimization through technologies like AI for enhancing clean energy transitions. The report also addresses the implications of protectionist energy sovereignty approaches and ongoing geopolitical uncertainties, emphasizing the need for efficient capital allocation and transparent energy supply chains.