标普全球：2026年全球能源趋势展望报告（英文版）（23页）.pdf

1、 S&P Global Inc.All rights reserved.2025Horizons10 December 2025Horizons Top Trends 2026AI growth and geoeconomic shifts in cleantech markets confirm that energy expansion and sustainability are linked imperativesCreditsAuthors:Roman KramarchukFrancesco dAvackContributors:Brian Murphy,Bruno Brunetti

2、,Christoph Berg,Conway Irwin,Edurne Zoco,Jeff Meyer,Kelly Morgan,Kevin Birn,Matt Macfarland,Sam Wilkinson,Anna Mosby,Ina Chirita,Cormac Gilligan,Tyyra LinkoDesign:Content DesignDecember 2025 S&P Global Inc.All rights reserved.2025Horizons Top Trends 2026S&P Global Energy HorizonsContentsIntroduction

3、.3AI growth tests.4Solar growth peaks.6Grid infrastructure key.8Hybrid PPAs rise.10Chinas green H2.12SAF grows up.14Global EV sales surge.16Aligning carbon standards.18Energy geopolitics evolve.19Adaptation gap.20Whats next?.22 S&P Global Inc.All rights reserved.20253December 2025IntroductionHorizon

4、s Top Trends 2026HorizonsIntroductionProfound geopolitical shifts and strategic repositioning in complex,interconnected energy and sustainability ecosystems will shape energy markets in 2026.The US is charting its own course,driven by rapid AI growth and evolving energy priorities.Europe is working

5、to reconcile diverse objectives,while China consolidates its cleantech leadership and seeks to draw global markets closer.AIs explosive power demand is testing grid limits,revenue models and sustainability goals.The pace of progress will depend on unlocking new capacity and flexibility,with grid mod

6、ernization a key constraint on energy security and competitiveness.Geopolitical alignment is reshaping the trajectories of renewables,hydrogen,sustainable aviation fuel(SAF),electric vehicles and climate policy,with supply chain and carbon accounting battles intensifying.Chinas dominance in clean en