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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…
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Oil Market Report - April 2026
…Energy podcast with senior oil market analysts Rebecca Schulz and David Martin, which draws on fresh data and analysis from the April OMR Highlights Oil demand is expected to contract by 80 kb/d this year, as the Iran war upends our global outlook. This is 730 kb/d less than in last month’s Report and a forecast 1.5 mb/d 2Q26 decline would be the sharpest since Covid-19 slashed fuel consumption. Initially, the deepest cuts in oil use have come in the Middle East and Asia Pacific, mainly for naphtha, LPG and jet fuel. However, demand…
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Chile 2050 Energy Transition Roadmap
…with the Chilean Ministry of Energy, sets out a detailed pathway for the country to reach its legally binding goal of net zero emissions by 2050 while expanding economic growth and improving energy security and affordability. This pathway relies on four pillars: accelerating energy efficiency, decarbonising the power sector, electrifying end-use sectors, and building modern, resilient electricity grids. The report examines the investment needed to realise the pathway, the opportunities to reduce household bills, and the improvement of air quality. It explores how Chile can also leverage its natural resources in the global energy transition with opportunities for the…
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Integrating Variable Renewable Energy in Kenya
…has established itself as a regional leader in energy development.Integrating Variable Renewable Energy in Kenya explores how Kenya can strengthen its power system amid rising shares of variable renewable energy (VRE). The report identifies Kenya’s system to be operating in Phase 3 of the IEA’s VRE integration framework, where variability increasingly influences system operations. It explores the key challenges that lie ahead and how three mutually reinforcing pillars - open access, flexibility and storage, and ancillary services - can support the development of a reliable, secure and sustainable electricity system. The analysis highlights that increasing generation capacity alone will…
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Gas Market Report, Q1-2026
…fostering a stronger increase in natural gas demand, which is expected to reach a new all-time high. Although the LNG supply growth is reducing market tightness, geopolitical tensions and weather impacts may still cause price volatility. Close international co-operation between responsible producers and consumers remains important to reinforce the architecture for secure global gas supplies. The International Energy Agency (IEA) continues to support this process, including through the permanent Working Party on Natural Gas and Sustainable Gases Security (GWP), established in late 2024.This edition of the quarterly Gas Market Report provides a thorough review of market developments…
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Vehicle software and software-defined vehicles
GEVO 2026 - Chapter 8 The transition from mechanical to software-based vehicle control has been underway for decades and has accelerated dramatically with the rise of EVs. Pure-play EV makers have pioneered the shift towards high-level, continuously updateable software-based vehicle control, speeding up the development and rollout of new features. Vehicles are evolving into software platforms for which users can access subscription‑based premium features, in the same way as for smartphones. A new design paradigm is emerging, with EVs at the forefront The digital transformation of the car industry is most evident in the emergence of software…
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Rare Earth Elements
…has elevated their importance in both energy and broader economic security discussions in recent years. This report assesses the current state of the rare earth elements market, examining demand and supply dynamics and key technological developments. It analyses the full value chain from mining to permanent magnet production, evaluates vulnerabilities across supply chains, and highlights the implications of potential supply disruptions. Based on these analyses, the report outlines eight targeted policy recommendations that can pave the way for more secure, diversified and resilient rare earth element supply chains.The analysis is founded on the work of the IEA Critical Minerals…
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Breakthrough Agenda Report 2026
…and support collective efforts to accelerate deployment. Central to this process is the recognition that many barriers to progress – including fragmented standards, weak demand signals, financing constraints and infrastructure gaps – cannot be addressed through national action alone, and require targeted international collaboration.To support this cycle, world leaders tasked the IEA and the Climate High‑Level Champions to develop an annual Breakthrough Agenda Report that provides an independent evidence base and expert analysis of progress and priorities. From 2022 to 2024, the reports assessed the state of international collaboration across sectors and identified priority actions. The 2025 report placed greater emphasis…
- Executive summary
- Hydrogen
- Road transport
- Steel
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Financing the Modernisation of Power Systems Beyond Coal
The role of transition credits in Southeast Asia Coal is a central component of power systems in Southeast Asia, even as governments have committed to reducing coal‑related emissions. Rapid electricity demand growth, alongside coal’s role in system adequacy, reliability and 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…
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Oil Market Report - January 2026
…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 demand growth is forecast to average 930 kb/d in 2026, up from 850 kb/d in 2025, reflecting a normalisation of economic conditions after last year’s tariff turmoil and lower oil prices than a year ago. A recovery in petrochemical feedstocks demand will be partially offset by a continued slowdown in gasoline gains. Non-OECD countries will…
