This report analyzes future energy market options for Central Asia Regional Economic Cooperation (CAREC) program members. It aims to facilitate strategic decisions and sustainable investments in energy infrastructure by equipping investors and policy makers with crucial insights on regional trends. It can help identify potential investment opportunities that will improve energy services and reduce carbon emissions across CAREC countries. The report provides forecasts at both individual country and regional levels. It includes energy supply and demand scenarios, assessments of innovative technologies, estimates of investment needs in the energy sector, and possible trajectories for carbon emissions.