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How the crisis is reshaping energy investment
…and the Middle East, where the impacts of the disruptions to shipping flows through the Strait of Hormuz have been felt most acutely.
The report projects that global energy investment will reach $3.4 trillion in 2026, a slight increase year-on-year. Around $2.2 trillion is expected to go towards grids, storage, low-emissions fuels, nuclear, renewables, efficiency and electrification in 2026, while around $1.2 trillion is set to be invested in oil, natural gas and coal.
Despite higher oil prices, oil investment is expected to decline for a third consecutive year in 2026. The report finds…
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What are the biggest sources of energy today?
…of total energy supply. Low-emissions sources – renewables and nuclear – accounted for around 20%.
Global energy demand rose by 1.3% in 2025 (a smaller rise than in 2024 but in line with the previous decade’s average). To meet this increase, all major fuels and technologies expanded.
The trends indicate that changes to the global energy mix are gathering pace. One energy source grew much faster than the others: solar PV. It met 27% of the world’s energy demand growth in 2025 – the first time a modern renewable source covered the largest portion of growth. Natural gas covered…
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The energy crisis and electrification
…investment growing around 15% year-on-year, according to our recent World Energy Investment report https://www.iea.org/reports/world-energy-investment-2026. Electrification is also one of the key trends contributing to the strong growth in global demand for electricity, which increased more than twice as fast as overall energy demand https://www.iea.org/reports/global-energy-review-2026/key-findings last year.
Investments in renewables, nuclear, electrification and energy efficiency in the past decade have improved energy security in major fuel-importing regions, our investment report finds. At the same time, progress on electrification is uneven…
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How the global landscape for energy investment is changing
…Investment in renewable power generation projects is expected to total around $665 billion in 2026, with well over half of it going towards solar projects alone. Nuclear investment in 2026 is expected to be 75% higher than a decade ago, while coal investment is set to reach its highest level since 2012.
To better understand how investment choices impact energy security, our analysis looked back over the past decade. It found that cumulative investments in efficiency, electrification, biofuels and electricity generation from renewables and nuclear together avoided over $260 billion in fuel import costs among energy importing countries and regions…
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Contending with the effects of the energy crisis
…to discuss the latest developments in oil and gas markets, including the availability of refined products in Europe and internationally. And he met with https://x.com/fbirol/status/2047259183498789047?s=20 Germany’s Environment, Nature Conservation and Nuclear Safety Minister Carsten Schneider on the impacts of the Middle East conflict and the outlook for different fuels and technologies.
While in Berlin, our Executive Director addressed the high-level segment of the Petersberg Climate Dialogue, which was led by Chancellor Merz. Dr Birol’s remarks focused on the current energy crisis, how today's policy responses could shape the longer-term…
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Supporting countries in the unfolding energy crisis
…This has created what amounts to “the greatest threat to global energy security in history,” according to our Executive Director Fatih Birol. The disruptions are being increasingly felt around the world and have driven significant rises in oil and gas prices, with particularly sharp spikes in jet fuel and diesel markets. To help address these unprecedented disruptions, IEA Member countries unanimously agreed https://www.iea.org/news/iea-member-countries-to-carry-out-largest-ever-oil-stock-release-amid-market-disruptions-from-middle-east-conflict last month to the largest ever release of emergency oil stocks.
As the situation…
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7 certainties about energy for this age of uncertainty
…hazards affecting the security of oil and gas supplies are now accompanied by vulnerabilities in other areas – including electricity security and critical minerals.
States are taking the reins. As energy is elevated to a matter of economic and national security, so governments are increasingly intervening to shape outcomes, rather than leaving them to the market.
We are shifting to a ‘buyer’s market’ for key fuels and technologies. Oil prices have already come under pressure because of relatively abundant supply, and the same will soon be true in natural gas markets. There is also ample manufacturing capacity for batteries…
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IEA responding to major global energy security threat
Plus, the largest ever oil stock release; 10 options to ease price pressures on consumers; assessing the impacts on oil markets; a new podcast episode unpacking the IEA collective action; Romania’s request to join the IEA; and more ...
Newsletter of the International Energy Agency
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Welcome back to the Energy Mix. In today's edition: The latest on the energy crisis stemming from the Middle East conflict and our emergency oil stock release; 10 options to ease price pressures on consumers; assessing the impacts on oil markets; a new podcast episode putting the…
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What’s driving the surge in energy jobs?
…overtaking fuel supply in recent years.
The expansion of low-emissions power generation – from technologies such as solar panels, wind turbines and nuclear plants – is a key driver of this trend, complemented by rapid hiring in grids and energy storage as the Age of Electricity https://www.iea.org/newsletters/energy-snapshot/17-11-2025/the-age-of-electricity-is-here takes hold. Meanwhile, employment in fossil fuel industries also remained resilient in 2024 – with the oil and gas supply sector now having recovered most of the jobs lost during the Covid crisis in 2020.
Despite the strength of recent…
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Growth of IEA Family is milestone for global energy governance
Plus, other key outcomes from our Ministerial on critical minerals, Ukraine & more; our 3rd Energy Innovation Forum; the latest on oil markets; the rapid rise of batteries; and more ...
Newsletter of the International Energy Agency
Click here [Weblink] to view in your browser
Welcome back to the Energy Mix. In today's edition: Highlights from our Ministerial Meeting in Paris, including closer institutional ties with Brazil, Colombia, India and Viet Nam and an expanded mandate on critical minerals security; insight from our 3rd Energy Innovation Forum; the latest trends in global oil markets; new data on the rapid rise of batteries…