-
Cost of Capital Observatory
…divided into three sections:A Dashboard that provides free data on the cost of capital for energy projects in emerging and developing economies, updated with 2023 and 2024 data in July and September 2025.A section with Tools and Analysis to help governments understand and quantify the main underlying risks perceived by investors and financiers in each country.Case Studies with lessons learnt of how policymakers, together with the private sector, development finance institutions and other entities managed to mitigate risks and mobilise capital for clean energy sectors across the emerging and developing world.We hope these resources will help…
-
World Energy Investment 2025
…World Energy Investment report, marks the 10th edition of this flagship analysis and provides a full update on the investment picture in 2024 and an initial reading of the emerging picture for 2025.The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency, research and development and energy finance.The report highlights several key aspects of the current investment landscape in the context of recent policy and macroeconomic developments and a heightened focus on energy security…
-
China’s Official Energy Finance in Emerging and Developing Economies
…linked to uneven availability of concessional or long-tenor finance.This report maps and analyses these changes through an energy sector-level dataset covering 2015 to 2024. It explores how China’s evolving financing model is reshaping instruments, institutions and regional allocation patterns, and also considers the strategic and practical implications for EMDE energy transitions.The analysis is complemented by case studies covering a range of technologies and financial structures – from large-scale renewables and electricity distribution to green industrial projects, waste-to-energy and upstream developments – which show how China’s official actors operate in practice across contrasting markets…
-
Asset values
…the capital cost, while the tenant is the one benefiting from lower energy bills. This is often known as a “split incentive.” However, evidence from the United States suggests that energy efficiency improvements are associated with reduced vacancy and tenant turnover, which reduces associated transaction costs and provide an incentive for landlords to invest. Need more information? Eichholtz, P. (2024), The Impact of Minimum Energy Performance Standards on the Commercial Real Estate Market.Zitouny, S. (2024), On the capitalization of energy labels on the French housing market.Amaral, F. et al., (2024), Green Signals: Energy Efficiency and German Housing Markets…
-
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.
-
Gaining an Edge
…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 on a new IEA survey of 1 000 firms across 14 countries, it provides insights into industry perspectives. The report also highlights emerging opportunities in energy efficiency markets and offers recommendations for policymakers…
-
Grid investments
…nuclear. Key analysis IEA analysis of nine major regions shows that increasing electricity generation and grid capacity by one terawatt-hour (TWh), will require investments of USD 30 to 110 million in emerging economies and USD 75 to 150 million in advanced economies. In order to save the same amount of electricity, energy efficiency measures would cost only between USD 10 million and 50 million. A closer look at grid management The deployment of energy efficiency measures typically requires less time than the implementation of most new generation and grid infrastructure. On average, new generation and grid infrastructure can take years to implement, whereas efficiency measures…
-
Scaling Up Transition Finance
…to cut global emissions, especially in areas where clean technologies are not yet commercially available or cost-competitive. This is where transition finance comes in: it can help emissions-intensive countries, companies and sectors shift over time towards sustainable practices that are aligned with long-term climate and development goals.In this new report, the International Energy Agency (IEA) provides analyses to map the landscape for transition finance, explains why it matters, and highlights approaches that could move the debate forward.The report also examines the role of transition finance in the steel and cement, critical minerals, and the natural…
-
Multiple Benefits of Energy Efficiency
As energy efficiency continues to gain attention as a key resource for economic and social development across all economies, understanding its real value is increasingly important. The multiple benefits approach seeks to expand the perspective of energy efficiency beyond the traditional measure of energy savings by identifying and measuring its impacts in full bloom.
-
Competitiveness
…shown to lead to improved product quality and consistency, contributing to brand reputation.Improved resource use, such as reduced equipment downtime and unplanned shutdowns, lower maintenance costs, and potentially reduced staff requirements for operation and monitoring. Efficiency has also been shown to increase worker health and safety, reducing the incidence of work-related accidents and health insurance costs.Reduced waste production, such as less use of materials and process water.Combined, these multiple benefits can more than double the benefits of energy cost savings. Need more information? IEA (2025), Gaining an Edge: The Role of Energy Efficiency in Enhancing Competitiveness.
