Dec. 2, 2025
By George Richardson
Our monthly energy transition wrap-up: a succinct snapshot of the global landscape sharing articles on market shifts, sector sentiment, and emerging trends, with additional features from industry leaders.
November 2025 - Nothing But Net Zero Download
November highlighted the acceleration and the unevenness of the clean energy transition, with markets moving forward even as policy signals diverged. The International Energy Agency projected that a surge in low-cost renewables will lock in the long-term decline of fossil fuels, while Europe continued to position itself as a global anchor for clean energy financing.
A new campaign secured €15.5bn for renewable deployment across Africa, and the Commission prepared a €600m Horizon Europe call to push industrial decarbonisation. In Asia, new analysis suggests green fuels could deliver a quarter of APAC’s emissions reductions by mid-century, even as climate tech investment remains subdued. Regional leaders are redefining what bankability means as financing conditions tighten, pointing to the need for stronger risk frameworks and private capital participation.
The Middle East continued its rapid expansion. Saudi Arabia awarded $2.4bn in solar and wind contracts, adding more than 4.5GW of capacity, while ACWA Power and Envision Energy signed a seven-year agreement to accelerate renewable deployment across Central and Eastern Asia. Senior energy executives warned of persistent underinvestment across global energy systems, reinforcing the region’s growing strategic influence.
In the Americas, policy divergence was again in focus. The US signalled a more uncertain outlook as the Department of Energy cancelled more than $7bn in clean energy financing and concerns mounted over power shortages. Mexico moved in the opposite direction, launching a $7.1bn initiative to attract private investment into renewable energy and strengthen national sustainability standards. Momentum remains strong, but the next phase will depend on capital discipline, credible policy, and leadership able to navigate tightening financing conditions with long-term ambition.