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WEMO

World Energy Markets Observatory 2024 | 26th Edition

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We are not on the right trajectory to meet the Paris Agreement’s objectives. What should we do?

While renewable energy sources reached record highs for the 22nd consecutive year, global energy-related greenhouse gas emissions also rose, reminding us that the path to a sustainable future remains steep. In Capgemini’s 26th World Energy Markets Observatory (WEMO), we delve deep into the most pressing trends shaping the future of energy, offering critical insights for businesses, policymakers, and stakeholders navigating this complex landscape.

“The world remains off-track to meet the Paris Agreement’s target of limiting global temperature rise to 1.5°C. In this year’s WEMO we explore key factors influencing the future of energy markets, including the impact of political shifts, private and public investments, and technology deployment at scale.”

James Forrest
Group Industry Leader for Energy Transition and Utilities at Capgemini
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World Energy Markets Observatory

26th Edition

Explore in-depth articles on a range of topics

Global outlook
Renewables
Gen AI
Batteries
Net zero pathway
Primary energy demand
Demand side energy transition​
Hydrogen
Data centre
decarbonization​
SMRs
Electricity consumption in Europe​
Geopolitical impacts
Industrial heat
Permitting
IRA impact
Regional and market data

WEMO 2024 findings 1: Geopolitical situation

WEMO 2024 key findings 2: Tech progress

WEMO 2024 key findings 3: Paris Agreement

WEMO 2024: Conclusions & recommendations

See what our experts are saying about our report

James Forrest
Peter King
Nicole Alley
Hariharan K

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Browse previous WEMO reports

WEMO 2023

WEMO 2022

WEMO 2021

Meet our experts

James Forrest

Group Industry Leader for Energy Transition and Utilities at Capgemini
I lead in helping global clients with major business transformations involving smart grid, IoT, the reform of gas and electricity markets, major software and infrastructure changes, and the use of machine learning and artificial intelligence to drive significant business performance improvement.

Peter King

Global Energy and Utilities Lead Capgemini Invent
I focus on driving transformation by working with my clients to define new ways of working, new operating models and the transformation programs that will deliver change.

Carl Haigney

Expert in IT/BPO and Consulting space, Utility Industry Transformation
I lead our global partnership with Centrica, responsible for the continued development and delivery of propositions and innovation which combine our breadth of expertise from consulting to application and outsourcing services. My experience within technology solutions is supplemented by a detailed knowledge of the outsourcing market and management of key IT, consulting and BPO services – developing and applying solutions to major business issues with managed risk and ongoing performance improvement. Many of the solutions have been ‘heart of the industry’ business critical systems.

René Kerkmeester

Global Vice President Smart Grid at Capgemini
As a leader of the Global Energy Practice, I have a worldwide responsibility for Capgemini’s business around the digital transformation of energy grid operations and related platforms.

Mike Lewis

VP Global Leader Energy Transition
He is the lead of Capgemini’s Energy Transition business globally. He is responsible for our client’s success in their move to low carbon energy – both the products and services our clients bring to market, and how their own company transition to low carbon, sustainable business practices.

Torben Schuster

Deputy Head Energy Transition and Utilities Capgemini Invent Germany
With over 20 years of experience in energy markets and trading I advise energy and grid companies on their way into a carbon neutral future. My experiences range from sourcing of green energy and setup of respective operating models, but also smart grid related topics. Our ambition is to guide our clients end-to-end, acting people centric and emphasize the growing importance of data.

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