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Is renewable energy capacity in the European Union making windfall profits from high wholesale prices?
Renewables 2022 This report forms a component of Chapter 4 of Renewables 2022 and addresses a key question in renewable energy markets. Russia’s invasion of Ukraine triggered a global energy crisis, leading to sharp increases in oil, natural gas and coal prices. As a result, electricity prices in Europe have risen drastically because natural gas-fuelled plants remain the price-setter in the wholesale market. Furthermore, high fossil fuel prices have resulted in windfall profits for some energy companies. In fact, the profits of major oil, gas, coal and refinery companies in the first half of 2022 more than…
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Africa Energy Outlook 2019
…for modern and efficient energy sources, Africa also emerges as a major force in global oil and gas markets. The projected growth in oil demand is higher than that of China and second only to that of India as the size of the car fleet more than doubles (the bulk of which have low fuel efficiency) and liquefied petroleum gas (LPG) is increasingly used for clean cooking. Africa’s growing weight is also felt in natural gas markets as the continent becomes the third-largest source of global gas demand growth over the same period. Africa's role in global…
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Africa Energy Outlook 2014
…This report describes one of the most poorly understood parts of the global energy system, offers an authoritative study of its future prospects, broken down by fuel, sector and sub-region, and shows how investment in the sub-Saharan energy sector can stimulate rapid economic and social development across the region.The report explores how quickly modern energy might be brought to the huge population currently deprived of it. It highlights key actions in the energy sector that can unleash more rapid economic and social development in sub-Saharan Africa and examines how existing and emerging oil and gas producers…
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Background note on the natural gas supply-demand balance of the European Union in 2023
This background note was developed to inform the discussions at the Special IEA Ministerial on Gas Markets and Supply Security on 15 February 2023. It assesses the latest developments in European and global natural gas markets, taking into account the impacts of the energy crisis triggered by Russia’s invasion of Ukraine in 2022. The analysis examines the key factors affecting the natural gas supply-demand balance of the European Union – and the risks that could lead to a supply-demand gap emerging. And it highlights the measures that can reduce natural gas demand in a structural manner to mitigate…
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How to Avoid Gas Shortages in the European Union in 2023
…s potential gas supply-demand gap could reach 27 billion cubic metres in 2023.This new report provides the IEA’s latest analysis of the extent of the EU's potential gas supply-demand gap in 2023 and sets out the practical actions that can close that gap while avoiding excessive strains for European consumers and for international markets. The analysis includes real-world examples of measures that could be implemented and quantifies their impacts. The measures offer a pathway to a more secure and balanced EU gas market in 2023 and are consistent with the EU’s climate goals…
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Stepping Up the Value Chain in Africa
…Emerging markets and developing economies other than China account for less than 5% of the value generated from producing key energy technologies today. In Africa, there are currently only a small number of facilities dedicated to the beneficiation and processing of critical minerals and resources essential for energy technologies and materials, and only a handful of plants for manufacturing such technologies. In light of this, the government of South Africa requested that the IEA provide insights into potential opportunities for sustainable industrialisation in Africa to inform discussions at the G20 meetings in Johannesburg in 2025. This report explores selected elements of…
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Northwest European Hydrogen Monitor 2025
…market in Northwest Europe could gradually scale up in the short- to medium-term. Northwest European countries now have ambition to develop up to 30 to 35 gigawatts (GW) of electrolyser capacity by 2030. However, most low-emissions hydrogen projects are currently in the early stages of development. Their success will depend largely on supportive policies and regulatory frameworks. The cost-efficient development of low-emissions hydrogen markets also necessitates a regional approach that maximises existing synergies among national markets. This is the third edition of the Northwest European Hydrogen Monitor. It provides an annual update of low-emissions hydrogen market…
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Northwest European Hydrogen Monitor 2022
…extent on the supporting policy and regulatory frameworks, and continuous monitoring of progress. The cost-efficient development of renewable and low-emission hydrogen markets will also necessitate a regional approach in order to maximise the existing synergies amongst national marketThis is the first edition of the Northwest European Hydrogen Monitor. It aims to provide an annual update of the renewable and low-emission hydrogen market developments in Northwest Europe. It is the result of a collaboration among the countries involved in the Hydrogen Initiative of the Clean Energy Ministerial (CEM-H2I) workstream entitled, “Roundtable on the North-West European Region…
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Northwest European Hydrogen Monitor 2024
…markets will also necessitate a regional approach that maximises existing synergies among national markets. This is the second edition of the Northwest European Hydrogen Monitor. It provides an annual update of low-emissions hydrogen market developments in Northwest Europe, and is the result of collaboration among the countries involved in the Hydrogen Initiative of the Clean Energy Ministerial (CEM-H2I) workstream entitled “Roundtable on the North-West European Region” and the hydrogen working group of the Pentalateral Forum.The countries analysed in this Monitor are Austria, Belgium, Denmark, France, Germany, Luxemburg, the Netherlands, Norway, Switzerland and the United Kingdom. Market…
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Clean Energy Transitions Programme 2023
…with a particular focus on emerging markets and developing economies. The first of these focuses on supporting emerging and developing countries to establish clean energy transition goals, in line with the objectives of the 2015 Paris Agreement and the Sustainable Development Goals established by the United Nations. The second pillar centres on facilitating coordination among multilateral organisations such as the Group of 20 (G20) and UN-affiliated collaborations. The final pillar showcases the IEA’s work at a global level to enable and accelerate clean energy transitions.The CETP Annual Report 2023 provides an overview of the programme’s achievements…
