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Electricity 2026
…such as artificial intelligence (AI), data centres, and evolving technological innovations.Against this backdrop, Electricity 2026 – the IEA’s annual report on global electricity systems and markets – provides in-depth analysis of the recent trends and policy developments underpinning this new era. It includes forecasts for electricity demand, supply and carbon dioxide (CO2) emissions for select countries, by region and worldwide. This year the forecast period has been expanded to five years, 2026-2030, compared with the previous three-year outlook.As electricity use grows, power systems will need greater flexibility to securely and cost-effectively integrate an increasingly diverse…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
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Oil Market Report - December 2025
…These brighter prospects extend to our 2026 forecast, which we have upgraded by 90 kb/d, to 860 kb/d y-o-y. Gasoil and jet/kerosene account for half of this year’s gains, with fuel oil losing ground to natural gas and solar in power generation. In 2026 petrochemical feedstocks will dominate growth, with their share rising to more than 60% from 40% in 2025.Global oil supply fell by 610 kb/d in November, extending the decline from September’s record of 109 mb/d to 1.5 mb/d. OPEC+ accounted for over three-quarters of…
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Lithium
Outlook for key energy transition minerals This report provides an outlook for demand and supply for key energy minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. Demand projections encompass both key energy technologies and other uses under different IEA Scenarios. Supply projections are based on a detailed review of all announced projects. They show how today's geographical concentration evolves over time, for both mining and refining and how expected supply compares with primary supply requirements.
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The Implications of Oil and Gas Field Decline Rates
Much attention today focuses on uncertainties affecting the future evolution of oil and natural gas demand, with less consideration given to how the supply picture could develop. However, understanding decline rates – the annual rate at which production declines from existing oil and gas fields – is crucial for assessing the outlook for oil and gas supply and, by extension, for market balances.The International Energy Agency (IEA) has long examined this issue, and a detailed understanding of decline rates is at the heart of IEA modelling and analysis, underpinning the insights provided by the scenarios in the World Energy Outlook.This new…
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Korea 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Korea and the IEA. It draws on the IEA’s extensive…
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Multiple Benefits of Energy Efficiency for Business
Energy efficiency is often described as the “first fuel” because the cheapest and most secure energy is the energy that is not used. For businesses, this begins with a straightforward benefit: lower energy bills. In many cases, efficiency investments can pay back quickly through reduced energy costs alone. However, the value of energy efficiency extends beyond energy savings.This report builds on the IEA’s work on the multiple benefits of energy efficiency and focusses on how these gains materialise in businesses. Key benefits range from productivity and product quality improvements to brand image or health benefits for employees and…
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Energy Efficiency in China’s Buildings Sector
Policy opportunities Over the past two decades, China has made significant strides in energy efficiency, with strong reductions in primary energy intensity across the economy and increased energy services. Much of China’s improvement has come from energy efficiency upgrades in industry and overall economic structural shifts. The buildings sector accounts for approximately 20% of its total final energy consumption and its intensity has decreased at a slower rate. There remains significant potential to unlock further energy savings through technical and policy initiatives in buildings.This report outlines opportunities for actions, targets and timelines that could improve energy efficiency in…
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Electricity Mid-Year Update 2025
…data centres and electrification. At the same time, electricity supply from renewables, natural gas and nuclear continues to grow, with all set to reach new milestones.This mid-year update follows the extensive Electricity 2025 report released in February, examining the latest trends and the outlook for the remainder of the year. It includes updated data for 2024 along with new forecasts for 2025 and 2026 covering areas such as global electricity demand, supply by fuel type, and carbon dioxide (CO2) emissions from electricity generation. The report also analyses the latest developments in major economies including China, the European Union…
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Global EV Outlook 2025
Expanding sales in diverse markets Global EV Outlook 2025: Expanding sales in diverse markets The Global EV Outlook is an annual publication that reports on recent developments in electric mobility around the world. It is developed with the support of members of the Electric Vehicles Initiative (EVI).The report draws on the latest data to assess trends in electric vehicle deployment, demand for their batteries and charging infrastructure. It considers recent policy developments and industry strategies shaping the outlook for electric vehicles in different markets. This edition features analysis of electric vehicle affordability, manufacturing and trade of electric cars and…
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Policy options to accelerate distributed solar PV in Ukraine
Accelerating distributed solar PV and battery energy storage deployment will support Ukraine in establishing energy security.In the year following the Russian Federation’s full-scale invasion of Ukraine in 2022, available dispatchable power generation capacity halved from roughly 38 GW to 19 GW. After severe attacks in spring 2024, capacity declined further, down to 12 GW. Towards the end of 2024 Ukraine was able to restore 3 GW and has worked to restore and add additional capacity throughout 2025, despite ongoing attacks.Distributed solar PV has played a key role, providing cost effective and rapid increases in electricity generation capacity, contributing…
