Our latest Thought Leadership Insight examines what happens when factors which could radically reshape energy markets become entrenched. The carbon-constrained scenario accelerates the impact of electric vehicles, renewables, and energy efficiency. It builds an increased role for energy storage technologies, and provides access to decarbonised electricity across the developing world. It posits a world in which the energy industry, policymakers and the general public are focused on minimising the environmental impacts of their behaviour. Oversupply is weighing heavily on oil prices, so the prospect of peak demand in 2025 is an uncomfortable one for producers. Meanwhile, momentum is building within business to adapt. Companies building diversity into portfolios will be best placed to adapt to a radically-changed landscape. But the time to adapt is now – the dynamics of marginal change mean markets will be reshaped sooner than the industry is currently prepared to acknowledge.