Regional priorities and strategic needs for energy transformation TABLE 13 Source: World Economic Forum. Delivering a sustainable, secure and equitable energy future in a multi-speed world requires more than coordination – it calls for careful navigation of complex trade-offs and a rethinking of how policies, markets and institutions interact. Key structural shifts are needed to facilitate adaptation to diverse starting points, resource endowments and transition capacities (Table 14). Geographic group Top priorities Strategy needed Advanced economiesEnergy equity, grid resilience, competitiveness Strengthen equity measures and accelerate grid modernization and storage to integrate renewables. Emerging Asia Coal substitution, grid flexibility, rural accessReduce coal reliance through solar, wind and hydrogen, and invest in grid flexibility, storage and rural electrification. Emerging Europe Energy diversification, resilience, affordabilityDiversify energy supply chains and scale renewables while addressing rising equity pressures. Latin America and the CaribbeanHydropower resilience, green hydrogen, innovationBolster clean technology innovation and grid resilience to reduce overdependence on hydropower. Middle East, North Africa and PakistanFossil fuel resilience, clean fuel exports, gradual reformsImplement gradual energy pricing reforms and scale renewables to balance equity and sustainability. Sub-Saharan Africa Energy access, clean cooking, decentralized systems, cross-border interconnectivityCatalyse investment in inclusive access policies, clean cooking and decentralized renewables while ensuring greater energy infrastructure interconnectivity across the African continent.Regional perspectives on the energy transition priorities BOX 9 Our principle is simple – diversity is our best bet, whether in society or in terms of our energy mix. There are no one-size- fits-all solutions. Given the different pathways countries are on, our pathways for energy transition will be different. Narendra Modi, Prime Minister, India90Europe will draw lessons from last week’s blackout in Spain and Portugal on the need for power storage and investment in grids. Teresa Ribera, Executive Vice-President, European Commission for Clean, Just and Competitive Transition91We have the opportunity to develop and become a leader in renewable energy, in particular green hydrogen, and wind energy. And to export them to the world. Gabriel Boric, President, Chile92If we were to say from one day to the other that we close down production from the Norwegian shelf, I believe that would put a stop to an industrial transition that is needed to succeed in the momentum towards net zero. So, we are about to develop and transit, not close down. Jonas Gahr Støre, Prime Minister, Norway93 Source: World Economic Forum. Managing a multi-speed, multidimensional transition As energy systems fragment across equity, security and sustainability dimensions, the emphasis on progress must be strengthened. Rather than relying solely on collective action bound by uniform timelines and approaches, the focus must shift towards enabling a multi-speed transition – one that accommodates diverse national capacities, priorities and starting points. Success will require a dual approach that maintains global alignment on overarching goals while facilitating differentiated, context-specific solutions on the ground that attract sufficient corporate investments (Table 13). Fostering Effective Energy Transition 2025 43