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Gas Market Lessons from the 2022-2023 Energy Crisis
The 2022-2023 energy crisis tested the resilience of the global gas and LNG markets with the most severe gas supply shock in history. During the crisis, natural gas-importing markets around the world felt the pressures of record-high gas prices, including the scale-back in access to energy, the impediment to economic activity and the extra burden on government budgets. Market responses varied but governments were quick to react as the challenges of security of supply became apparent. Post-crisis, markets must continue to adapt as the effects of the crisis continue to influence security of gas supply…
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Energy savings
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores energy savings. Why is energy efficiency important for energy savings? Energy efficiency measures reduce the amount of energy required to fuel and grow our economies. In economies where energy demand is set to grow significantly, efficiency also helps improve people’s lives by increasing access to additional energy services. Key facts In the last two decades, efficiency measures have generated over 27 EJ of energy savings in IEA countries alone, equivalent to 20% of total energy demand.The industry (including manufacturing) and services (including commercial buildings) sectors…
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Energy and AI
Energy and AI The development and uptake of artificial intelligence (AI) has accelerated in recent years – elevating the question of what widespread deployment of the technology will mean for the energy sector. There is no AI without energy – specifically electricity for data centres. At the same time, AI could transform how the energy industry operates if it is adopted at scale. However, until now, policy makers and other stakeholders have often lacked the tools to analyse both sides of this issue due to a lack of comprehensive data. This report from the International Energy Agency (IEA) aims to fill this…
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Gas Market Report, Q3-2025
…supply fundamentals and relatively high prices, weighed on natural gas consumption, particularly in price-sensitive markets in Asia. Both China and India recorded demand declines in the first half of 2025 compared with the same period in 2024. Europe’s liquefied natural gas (LNG) imports are expected to reach an all-time high in 2025, supported by stronger storage injections, higher domestic demand and lower piped gas supplies from Russia. In contrast, China’s LNG imports are forecast to fall amid weaker natural gas demand and strong competition from Europe for flexible LNG cargoes. Geopolitical tensions have continued to fuel…
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Autonomous vehicles
…Level 2 systems in private passenger cars today allow for hands-free navigation on autopilot (Level 2+). People’s Republic of China (hereafter, “China”) and the United States are adopting these systems most quickly; 10% and 6%, respectively, of cars sold in 2025 in these countries were equipped with Level 2+ technology. In the United States, Level 2+ ADAS are either sold as premium features or via software subscription services, whereas in China they are often included in base models. With these systems, drivers are still required to be ready to instantly take full control over the vehicle whenever requested.Applications of…
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Asset values
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores asset values. Why is energy efficiency important for asset values? Energy efficiency can increase the value of assets, such as homes, buildings or equipment, and lead to lower vacancy rates and longer equipment lifespans. Key facts Energy efficient buildings can command a premium on sale and rental price in both the residential and commercial sectors. Studies show that sale price premiums for energy efficient buildings range from 3% to 15% in residential buildings and 13 to 20% in commercial buildings. Key analysis Studies show that individuals…
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Gaining an Edge
The Role of Energy Efficiency in Enhancing Competitiveness Energy efficiency delivers more than energy savings and emission reductions – it can also improve the competitiveness of countries and firms. From increased profitability to job creation, energy efficiency helps firms compete amid high costs, growing demand, and rising trade pressures. In today’s global context, energy efficiency is not only a matter of energy policy, but also of economic policy.The report analyses historical progress in industrial energy efficiency and its role in enhancing industrial competitiveness. It includes comparisons of firm-level energy efficiency, identifying performance gaps and opportunities for further improvement. Drawing…
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Economic growth
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores economic growth. Why is energy efficiency important for economic growth? Energy efficiency allows countries to generate more economic activity using the same amount of energy. It is also linked to increased labour productivity and other economic benefits. Key facts Compared with 2000, today’s global economy produces 36% more GDP per unit of energy. Energy efficiency progress over the last 20 years means that close to an extra USD 50 trillion can today be produced using the same amount of energy. This energy efficiency bonus is equivalent to…
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Designing Energy Efficiency Policies to Enhance Affordability
Examples from G7 countries Energy affordability has emerged as a critical concern in the context of rising global energy prices and growing inequality in energy access. Lower-income households spend a significantly higher share of their income on energy than wealthier households, leaving them exposed to price shocks and especially vulnerable when energy prices increase. Energy efficiency can play a key role in delivering lower energy bills, reducing emissions, and enhancing resilience. However, ensuring that all households benefit requires targeted, inclusive policy design.This issue was a central focus of an IEA workshop held in January 2025 with G7 country…
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Ultra-fast charging batteries
GEVO 2026 - Chapter 8 New power‑electronics materials, battery cell technologies and battery pack architectures are enabling more efficient, higher‑voltage – and therefore faster – charging systems. Advances in batteries and power electronics are improving EV performance Over the past decade, average EV battery pack energy density (Wh/kg) has increased by around 60%, while prices have fallen by roughly 75%. Moreover, in 2023, battery-related patents accounted for 40% of all energy-sector patents, suggesting that more developments are still to come. At the same time, new power‑electronics materials, battery cell technologies and battery pack architectures are enabling more efficient, higher‑voltage – and…