Irina Gayda, the deputy director of the Energy Transition Center, moderated a session at the Russian Energy Week. It brought together experts from OPEC, ASEAN, and other organizations to discuss the prospects of energy development up to 2050. In light of decarbonization, the new stage of the energy transition poses many new challenges. Experts identified significant factors, including the availability of energy resources, climate change, efforts to reduce greenhouse gas emissions, and demographics, which are reshaping the landscape of traditional energy. The Russian Energy Agency presented three scenarios for the development of global energy, claiming that each of them has its pros and cons and highlighting that it is important to maintain a balance between environmental sustainability and economic feasibility.