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            • Oil Market Report - June 2026

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                • Country

                Slovenia

                Slovenia has put in place a National Renewable Action Plan to 2020, which targets a 25% share of energy generation from renewable sources in gross final energy consumption and 39% of electricity demand met by electricity generated from renewable energy sources.

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                Luxembourg

                Luxembourg has a fossil fuel intensive energy mix driven by a high demand for transportation fuels, notably from transiting freight trucks and commuters. Despite this demand, the country is committed to reducing emissions. Its climate law sets targets for a 55% emission reduction by 2030 and climate neutrality target by 2050. The government has adopted numerous measures to push for energy transition, including a carbon tax which was introduced in 2020 and encouraging renewable generation through subsidies and auctions. Several programmes also support energy efficiency in buildings, industry and transportation, with a target for 49% of all passenger cars to…

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                • Country

                Mali

                In recent years, the rate of access to electricity in Mali has surpassed 25%, thanks to a public focus on mini-grid solutions. The government of Mali now plans to increase hybridisation of its mini-grids by adding PV capacity to diesel power plants. In 2019, Mali’s energy mix was dominated by biofuels and wastes (65%) and oil products (32%), with coal and hydro accounting for the rest. In 2020, less than 5% of the population had access to clean cooking and 52% had access to electricity. For electricity access, the country targets 70% access by 2025, 80% by…

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                • Country

                Argentina

                …variable renewables, taking advantage of its rich solar and wind resources. The country has set a goal for non-hydro renewables to reach 20% of the power mix by 2025 and recent efforts have triggered increased deployment (2021: 12.5%).
                Argentina is the world’s fourth largest lithium producer, a mineral critical for the manufacture of battery storage systems and, therefore, for the energy transition. Argentina is among the first Latin American countries to achieve universal electricity access, with a successful programme on rural electricity markets accelerating the connection of remote last miles users to the grid in recent years.

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                • Country

                Ethiopia

                In Ethiopia, while electricity reaches less than half of the population, great progress has been made over the past two decades. The National Electrification Program, launched in 2017, outlines a plan to reach universal access by 2025, aiming to supply 35% of the population with off-grid solutions. Meanwhile, Ethiopia is diversifying its hydro-dominated installed generation mix in favour of solar, wind and geothermal to pursue a more climate-resilient power system and reach economic development objectives.

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                • Country

                Bolivia

                A quarter of the electricity generated in Bolivia comes from renewables. On the other hand, 12% of the population still does not have access to electricity. The government has launched the Bolivia Electric Plan 2020-2025 to support the expansion of the electricity grid with a strong emphasis on renewables.

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                • + 5 pages

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                • Country

                Iraq

                Iraq holds abundant oil and gas resources and has strong solar PV potential. Its production to 2030 is set to be third largest contributor to global oil supply. By the same year, the government expects that renewable capacity will amount for 5% of the country’s total system capacity.

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                United Arab Emirates

                The majority of the energy produced in the United Arab Emirates is from natural gas and oil. The country is also a major exporter of oil and gas and it started using its strong solar PV potential in 2014 to produce electricity.

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                • + 5 pages

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                • Country

                Finland

                Finland has one of the most ambitious climate targets, a legal obligation to reach carbon neutrality by 2035. It is making progress towards this target and has one of the lowest levels of reliance on fossil fuels among IEA member countries. Finland’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. A continued push towards the energy transition is needed, as imported fossil fuels still account for over one-third of energy supply and cover higher shares in transport and key industries.

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                • + 5 pages

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                • Country

                Kuwait

                Kuwait is wholly reliant on fossil fuels for energy generation and by 2030, its energy demand will triple. In order to diversify its energy mix, the country targets to increase the share of renewable generation to 15% by 2030.

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