The latest World Energy Markets Observatory report by Capgemini reveals a worrying trend of rising greenhouse gas emissions, underscoring the necessity for urgent action to meet the objectives of the Paris Agreement. While the report acknowledges the uphill task ahead, it also offers a glimmer of hope by suggesting that the world can move closer to achieving net zero emissions by 2050. To achieve this ambitious goal, the report emphasizes the need for a shift in the measurement of clean energy progress, substantial investments in clean technologies, and a faster deployment of renewable energy. However, the current pace of renewable energy development falls short of what is required, and there is a call to hasten the deployment of renewable energy, especially in developing countries. Additionally, the report advocates for increasing nuclear capacity globally to ensure stable and low-carbon power production. Despite the challenges, the report recognizes the strategic importance of hydrogen in the decarbonisation journey. It highlights the need to address issues such as rising production costs, competition between uses, and regulatory concerns that are impacting the hydrogen industry. Moreover, the report discusses the potential of Artificial Intelligence in accelerating decarbonisation efforts but points out the obstacles like skill shortages and a focus on short-term projects that hinder its wider adoption.