-
Financing CCUS at Scale
How to Mobilise Private Capital Carbon capture, utilisation and storage (CCUS) is an important area of attention for governments and financiers as both look to balance policy and investment goals. Recent financial investment decisions of major projects show promise in a sector that is gaining momentum, but its future success depends on viable business models and effective risk allocation across the value chain.In this context, Financing CCUS at Scale is the IEA’s latest report on what it takes to move CCUS projects from the drawing board to operation. Building on expert interviews with leading financial institutions, the report…
-
Assessing emissions from LNG supply and abatement options
…feasible with today’s technologies including through methane abatement, electrification using low-emissions power, process efficiency improvements, and the elimination of routine flaring, as well as carbon capture, utilisation and storage (CCUS) for managing the naturally-occurring CO2 from LNG supply. Introduction Around 550 billion cubic metres (bcm) of natural gas were exported as liquefied natural gas (LNG) in 2024, just under 15% of global natural gas consumption. A further 500 bcm of natural gas were transported through pipelines. Global LNG supply has grown faster than overall natural gas demand in recent years. This trend is set to continue with the arrival…
-
The State of Energy Innovation 2025
…milestones. It identifies areas where new approaches to policy support are being developed to use public funds more effectively, but also highlights areas where more efforts are needed to address barriers to scale-up and attract private capital. The report includes focus chapters on three dynamic fields, namely diversification of battery mineral supplies, application of artificial intelligence to energy innovation, and development of carbon dioxide removal technologies. The analysis provides a data-driven foundation to inform policy makers, industry and other stakeholders on the state of energy innovation worldwide and the importance of sustaining innovation momentum over the long term.
-
World Energy Outlook 2025
The IEA’s flagship World Energy Outlook (WEO) is the most authoritative source of global energy analysis and projections. Updated annually to reflect the latest energy data, technology and market trends, and government policies, it explores a range of possible energy futures and their implications for energy security, access and emissions. The WEO covers the whole energy system, using a scenario-based approach to highlight the central choices, consequences and contingencies that lie ahead. It includes exploratory scenarios that flow from different assumptions about existing policies, as well as normative pathways that achieve energy and emissions goals in full. The multi…
-
Financing the Modernisation of Power Systems Beyond Coal
…energy security, complicates efforts to accelerate coal transitions. Recent volatility in international gas markets has reinforced the short‑term economic and security value of existing coal assets, adding complexity to national transition strategies. The region’s young coal fleet also implies substantial long‑term emissions if plants continue operating at current utilisation rates.Against this backdrop, new approaches are being explored to support coal transitions while maintaining secure and reliable power systems. This report examines the potential role of transition credits as a market‑based instrument to support coal transitions in Southeast Asia. It analyses the scale of emissions from existing coal fleets, options…
-
Delivering Sustainable Fuels
…fronts to increase uptake and foster a large and diverse set of sustainable fuel pathways. This calls for a shared global vision for sustainable fuels, along with targeted policies to bridge costs gaps with conventional fuels, innovation to expand production potential, robust and mutually agreed carbon accounting methodologies to ensure that sustainability criteria are met, long-term investment in infrastructure, and more accessible financing, especially in emerging and developing economies.This report was prepared in support of Brazil’s COP30 Presidency and its Climate Action Agenda. It presents a sectoral analysis of global pathways for accelerating the deployment of sustainable…
-
Clean Energy Transitions Programme 2024
Annual report 2024 The Clean Energy Transitions Programme (CETP) is the International Energy Agency’s flagship initiative for accelerating clean energy transitions worldwide. Since its inception in 2017, the CETP has played a vital role in tackling the diverse challenges of energy transitions across the globe, fostering partnerships and providing tailored, actionable solutions. The programme is structured around three key pillars: directly supporting national transitions; strengthening multilateral co‑ordination; and delivering global analysis to inform policy dialogue.With significant milestones achieved in 2024, the CETP has supported over 320 high‑level meetings with policy makers, conducted 735 workshops and technical exchanges with…
-
Clean Energy Transitions Programme 2025
Annual report 2025 The IEA’s Clean Energy Transitions Programme (CETP) helps countries around the world accelerate their transition to clean energy, with a focus on emerging markets and developing economies. By combining global analysis, high-level convening and hands-on technical support, the CETP ensures that evidence, policy guidance and practical tools reach those shaping energy strategies on the ground.In 2025, the CETP has supported almost 350 high-level bilateral meetings with policy makers, over 700 workshops and technical exchanges, involving almost 13 000 participants, and 26 capacity-building events with over 1 700 policy professionals on energy efficiency, data…
-
Policy Toolbox for Industrial Decarbonisation
The Policy Toolbox for Industrial Decarbonisation is a repository of policy instruments available to assist governments as they design, develop and implement their strategies for industrial decarbonisation. This work, undertaken as part of the Climate Club's Work Programme, builds on the policy toolbox outlined in IEA’s 2022 Achieving Net Zero Heavy Industry Sectors in G7 Members report, with the addition of further details on the instruments and considerations for implementation.A robust industrial decarbonisation policy strategy is likely to include multiple different instruments, as governments choose the instruments that are most suited to their individual circumstances and objectives…
-
Demand and Supply Measures for the Steel and Cement Transition
The case for international co-ordination A massive scale-up of markets for transformative near-zero emissions steel and cement is needed to achieve internationally agreed net zero goals. Yet early movers on both the supply- and demand-side – that is, material producers and consumers – face substantial barriers related to high costs and risks, among other factors. This has led to relatively slow market growth for near-zero emissions materials, at a moment when reinvesting in long-lived high-emissions production could have repercussions for governments to achieve their stated climate goals. Policy makers have the opportunity to play a…
