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Shipping
Shipping
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Aviation
Aviation
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Road
More stringent and broader coverage of fuel efficiency standards for light-duty vehicles is needed
For cars and vans, increasing fuel efficiency standards is important as even in the Net Zero Emissions by 2050 Scenario, nearly 80% of cars and vans on the road in 2030 are still powered with internal combustion engines. Sales of heavier, less efficient SUVs reached around 46% of global sales in 2022, while electric vehicles were just 14% of sales. More and more countries are formulating vehicle efficiency standards and some are even putting in place zero-emission vehicle sales requirements. To be in line…
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Electric Vehicles
Global electric car sales continue to break records as affordability improves
Despite recent economic headwinds that have put pressure on the auto sector, global sales of electric cars have continued to break records as electric models become increasingly affordable. Electric car sales exceeded 17 million globally in 2024, reaching a sales share of more than 20%. Just the additional 3.5 million electric cars sold in 2024 compared with the previous year is more than the total number of electric cars sold worldwide in 2020.
In 2025, sales of electric cars are expected to surpass 20 million, accounting for over…
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Oil
Oil
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Cement
Cement
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Carbon Capture, Utilisation and Storage
Carbon Capture, Utilisation and Storage
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Iron and steel
Iron and steel
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Natural Gas
The coming LNG wave is set to profoundly transform the global gas market
Global gas markets, which have been tight and volatile for several years, are set to undergo major changes by the end of this decade. The unfolding coming wave of liquefied natural gas (LNG) production capacity is set to rebalance the global gas market, enhance energy supply security and improve the affordability of natural gas.
About 300 billion cubic metres (bcm) per year of LNG export capacity – a record – is set to be added by 2030, primarily supported by liquefaction capacity additions in the United States and Qatar…
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Solar PV
Solar PV continues to dominate global renewables growth, though at a slower rate
Recent policy changes are expected to affect the pace at which solar PV capacity is added annually through the end of this decade. Even so, low costs, faster permitting and broad social acceptance are set to continue to drive the accelerating adoption of solar PV. As a result, capacity is set to more than double between 2025 and 2030 compared with the 2019 to 2024 period.
A growing share of variable renewable sources such as solar also comes with challenges. Curtailment levels and instances of negative electricity…