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Artificial Intelligence
…uncertainties remain, AI has the potential to transform the energy sector in the coming decade. It is set to drive a surge in electricity demand from data centres around the world while also unlocking significant opportunities to cut costs, enhance competitiveness and reduce emissions.To better understand the growing connections between energy and AI, the IEA launched a major new initiative in 2024: Energy for AI, and AI for Energy. As part of this work, the IEA organised the Global Conference on Energy and AI, a first-of-its-kind platform for dialogue among governments, the energy industry, the tech…
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Energy Innovation
…analyses on energy innovation also provide crucial insights that equip the huge range of stakeholders in this space to make effective decisions and pursue ambitious goals – from academics and researchers to start-ups, established companies, investors, philanthropic organisations, policymakers and regulatory bodies.Our annual State of Energy Innovation report also provides a comprehensive, data-driven assessment of recent progress and emerging challenges in energy technology innovation. The IEA Technology Collaboration Programmes (TCP) are independent, international groups of experts that enable governments and industries from around the world to lead programmes and projects on a wide range of energy technologies and…
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COP28: Tracking the Energy Outcomes
…of Nationally Determined Contributions, or NDCs, under the Paris Agreement. Strong ambition and implementation of these NDCs will be crucial in determining the pace at which global greenhouse gas emissions decline over the next decade.The IEA is working with the UN Framework Convention on Climate Change (UNFCCC) Secretariat and sharing data, analysis and policy advice with governments to inform this process.Our Climate Pledges Explorer tracks existing NDCs and net zero targets for more than 190 countries. The interactive database, which also lays out what each country’s NDC implies for energy sector emissions, is updated regularly. Working with countries to accelerate progres...
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Net Zero Emissions
…coming decades. To inform these efforts, the IEA released a first-of-its-kind Net Zero Roadmap in 2021, outlining what would be required within 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…
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Fossil Fuel Subsidies
…coal, these are based on the import parity price: the price of a product at the nearest international hub, adjusted for quality differences, if necessary, plus the cost of freight and insurance to the net importer, plus the cost of internal distribution and marketing and any value-added tax (VAT). VAT was added to the reference price where the tax is levied on final energy sales, as a proxy for the tax on economic activities levied across an economy. Other taxes, including excise duties, are not included in the reference price.For net exporters of oil, natural gas and coal…