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Topic
Critical Minerals
…minerals will be key to the security of energy systems. However, there are risks. Our analysis indicates that today’s well-supplied market may not be a good guide for the future as demand rises. Additionally, the over-concentration in critical minerals markets today is unprecedented compared with any other major commodity we rely on in the modern world.To support countries as they look to develop sufficient and resilient critical mineral supply chains – a top priority for governments, companies and investors globally – the IEA has been growing its work in this field, expanding its production of high-quality data…
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Topic
Energy and Water
…Southeast Asia – though half of global installed capacity is located in the Middle East and North Africa. Renewables can help ease the energy sector's water problem In a scenario in which global energy sector emissions reach net zero by 2050, water withdrawals by the energy sector decline by almost 20 bcm by 2030. The biggest reductions happen in the power sector, where withdrawals fall nearly 15% as coal-fired power generation is quickly replaced by solar PV and wind. Greater energy efficiency also plays an important role in reducing the volume of water needed to meet global energy demand.
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Topic
Energy Security
…2025, the IEA convened an International Summit on the Future of Energy Security, hosted by the UK government in London. The event gathered world leaders to address traditional and emerging risks related to energy security in an era of geopolitical strains, technological transformation and a changing climate. Oil security One of the IEA's core missions is to ensure oil supply security through market monitoring, stockholding requirements and collective actions The IEA was founded in 1974 to ensure oil supply security. While much has changed in the global energy landscape since then, the security of oil supply remains a pressing concern for…
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Topic
Net Zero Emissions
…the energy sector to achieve this goal at the global level by mid-century. An update to the Roadmap, which has served as an essential benchmark for policy makers, industry, the financial sector and civil society, was published in 2023.The Roadmap is based on the IEA’s Net Zero Emissions (NZE) Scenario, which portrays a pathway for the global energy sector to achieve net zero carbon dioxide (CO2) emissions by 2050 while maintaining energy security. This scenario is consistent with keeping long-term global warming to 1.5 °C with limited overshoot. It also aims to meet key energy…
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Topic
The Middle East and Global Energy Markets
…futures – the global benchmark for crude prices – rose steeply, peaking at more than 60% above pre-conflict levels in late April. Prices pulled back in late May and early June as strategic stock releases and demand weakness eased market tightness, and after the United States and Iran announced an interim agreement to end hostilities. Physical crude markets continue to reflect acute supply tightness as refiners scramble to replace lost Middle Eastern cargoes with alternative supplies. Prices for certain oil products – notably diesel, jet fuel and liquefied petroleum gas (LPG), which have been particularly exposed to the disruption – remain elevated.Shipments…