TotalEnergies Publishes its Annual Report on Scenarios for the Evolution of the Global Energy System
TotalEnergies Energy Outlook 2026
PARIS, November 03, 2026--
As a contribution to the public debate on the energy transition, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) publishes the 8th edition of its "TotalEnergies Energy Outlook", which presents an overview of the energy system as well as scenarios for its evolution through 2060. (documents available at this link).
A global energy system between transition and resilience
Access to energy is a prerequisite for economic and human development, yet more than half of the world's population still lacks access to sufficient energy to improve its level of development in terms of education, health and wealth creation.
To meet this energy need, demand for all energy sources is still growing today: coal, oil, gas and electricity, renewables in particular. However, the growth rate of fossil fuels and of their associated greenhouse gas emissions is slowing, while global economic growth continues at a pace above 3%. This is the sign of an energy system that has begun its transition: for the same level of wealth created, it consumes less energy and emits less CO2.
The evolution of energy investment flows illustrates this phenomenon. Investment in low-carbon energies, including end-uses with the electrification of demand, has almost doubled, from $1,200 billion in 2015 to $2,100 billion in 2025. China is the leading player, accounting for around 60% of solar panel additions, 70% of wind turbines, and 60% of electric car sales, and exporting its "green" technologies widely to the rest of the world. As a result, the share of electricity in global final energy demand has been rising by 1.3% per year since 2000, and this electricity is increasingly decarbonized: in 2025, the increase in electricity demand was met entirely by new low-carbon sources.
The Strait of Hormuz crisis in 2026, following the Ukrainian crisis in 2022, is testing the resilience of the energy system and bringing security of supply to the fore. Resilience and security of supply require developing domestically available energies (renewables, biofuels, etc.) as well as diversifying supply sources and storing fossil fuels, given their weight in today's energy system. But this crisis can also act as an accelerator of the energy transition: since the second quarter of 2026, electric car sales have accelerated in Asia, Latin America and Europe, and biofuel blending requirements have increased, even though coal, often produced domestically, remains essential to Asian power systems.