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Oil Market Report - June 2022
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand is forecast to reach 101.6 mb/d in 2023, surpassing pre-pandemic levels. While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in…
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Oil Market Report - February 2022
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil supply rose by 560 kb/d to 98.7 mb/d in January, but the uptrend was slowed by a chronic OPEC+ under-performance versus targets that has taken 300 mb of oil off the market since the start of 2021. If OPEC+ cuts…
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Clean Energy Transitions Programme 2021
Annual report 2021 The Clean Energy Transitions Programme (CETP) has enabled the International Energy Agency (IEA) to significantly expand and deepen its global engagement and to support emerging economies’ transition to clean, resilient, sustainable energy systems. In 2021 the CETP marked its fourth full year since its launch at the 2017 IEA Ministerial Meeting, and the programme has steadily grown in size and impact.The CETP Annual Report 2021 aims to provide all CETP donors and partners with insights on the programme’s accomplishments, outputs and efforts across all areas of work. The report highlights activities and achievements for each…
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Enhancing China’s ETS for Carbon Neutrality: Focus on Power Sector
…sector’s decarbonisation requires a well-coordinated policy mix. This report, Enhancing China's ETS for Carbon Neutrality: Focus on Power Sector, responds to the Chinese government’s invitation to the IEA to co-operate on carbon emissions trading systems (ETS) and synergies across energy and climate policies. It shows that an enhanced ETS could lead the electricity sector toward an emissions trajectory that is in line with China’s carbon neutrality target. This report also explores the interactions and effects of China’s national ETS with its renewable energy policy in the electricity sector, namely renewable portfolio standards (RPS)…
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Opportunities for Hydrogen Production with CCUS in China
…this report suggests that while hydrogen from renewable power electrolysis could meet the majority of hydrogen demand by 2060, equipping existing hydrogen production facilities with CCUS could be a complementary strategy to reduce emissions and scale-up low-emission hydrogen supply. This report was produced in collaboration with the Administrative Centre for China’s Agenda 21 (ACCA21). It explores today’s hydrogen and CCUS status in China, and the potential evolution of hydrogen demand in various sectors of the Chinese economy through 2060, in light of scenarios developed independently by the IEA and the China Hydrogen Alliance. The report also…
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How much will renewable hydrogen production drive demand for new renewable energy capacity by 2027?
Renewables 2022 This report forms a component of Chapter 4 of Renewables 2022 and addresses a key question in renewable energy markets. Hydrogen production from renewable electricity is expected to play an important role in reaching long-term decarbonisation goals and improving energy security. While less than 1% of global hydrogen production comes from renewable energy sources today, renewable hydrogen is receiving increasing policy attention. A total of 25 countries, plus the European Commission, have announced plans that include hydrogen as a source of clean energy, and several have begun to introduce financial support schemes. As a result, project pipelines for using…
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Tracking Clean Energy Innovation: Focus on China
…Looking forward, clean energy innovation will play a crucial role to achieve China’s objectives of carbon peaking by 2030 and neutrality by 2060, and ranks among core government priorities for the 14th Five-Year Plan period (2021‑2025).This report builds on the IEA Energy Sector Roadmap to Carbon Neutrality in China chapter on “Innovation for carbon neutrality”, and provides complementary and new analysis and information. It maps the institutional and policy landscape of clean energy innovation in China and shows trends for selected metrics to track and explain progress of technology development.Learn more: Innovation for Carbon Neutrality - Excerpt…
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Energy Transitions Require Innovation in Power System Planning
The relationship between electricity supply and demand changes in low carbon systems The past year has seen a rising number of countries pledging to reach net zero emissions in the coming decades. Even many countries without net zero pledges are pursuing increasingly ambitious decarbonisation plans. Meeting these targets will reshape the power sector in the coming decades.In 2021, the IEA released its landmark global roadmap, Net Zero by 2050, which detailed two parallel transformations for the power sector as it decarbonises. The first is that variable renewables will increasingly be the foundation of low carbon power generation. The second…