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            • Oil Market Report - June 2026

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                • Country

                Austria

                Austria is committed to reaching climate neutrality by 2040. Over three quarter of electricity generation already comes from renewables, with a target of achieving a 100% renewable electricity supply by 2030 (national balance). This requires investments to make networks more resilient and flexible, optimise demand side management, and updating the legal and regulatory framework to allow more consumer participation. Buildings and transport account for around half of total emissions . To progress the transition in these sectors, the government supports building renovation, switching from fossil fuels to sustainable heating systems, the electrification of transport and invests in public transport infrastructure.

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                • + 5 pages

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                The Netherlands

                …have been introduced to support achievement of this goal. A competitive auctions process awards subsidies to renewables, hydrogen and carbon capture, based on avoided CO2 emissions. An offshore wind roadmap is driving rapid deployment and aims for 11.5 GW of capacity by 2030, while strong innovation programmes support deployment of key decarbonisation technologies. Electricity from solar has experienced an impressive growth, with the Netherlands ranking among the top countries in the world for installed PV capacity per capita. The Netherlands will need to closely monitor it efforts and ensure that policies and infrastructure continue to support strong emissions reductions.

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                • Country

                Tajikistan

                Hydropower is the main source of energy in Tajikistan, followed by imported oil, gas and coal. However, Tajikistan's energy sector is prone to supply shocks, due to seasonal shortages. Energy policy focuses on providing uninterrupted energy access to all users while improving regional co‑operation and energy sector efficiency, but significant domestic and foreign investment will be necessary for continued energy sector development. Tajikistan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Country

                Kazakhstan

                Kazakhstan is a significant producer of coal, crude oil and natural gas, and a major energy exporter. While coal dominates the country’s energy mix, renewable sources of energy are a small but growing share of Kazakhstan’s electricity generation. Gas pipeline network expansion remains a priority, in order to expand access and reduce reliance on coal and LPG for household consumption. Kazakhstan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • Country

                Turkmenistan

                Turkmenistan’s government is continuously investing in oil and gas, to modernise and expand the electricity and heat sector by 2020. Moreover, the energy sector is almost fully subsidised, with citizens receiving free electricity, heat and gas up to a certain level of consumption, until 2030, but the government is taking steps to reduce subsidies to curb domestic demand and increase exports. Turkmenistan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Energy system

                Smart Grids

                Country and regional highlights
                Several major economies have announced substantial new funding to modernise and digitalise their electricity grids
                Deployment
                Clean, reliable and resilient electricity systems need smart grids more than ever
                Innovation
                Digital infrastructure in electricity grids is growing
                Investment
                Investment in electricity grids is growing, with more ambitious network plans to facilitate the electrification of the economy and the integration of renewables
                International collaboration

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                • Topic

                Russia's War on Ukraine

                …the world’s capacity to produce renewable power is expanding at a remarkable place , while the popularity of clean technologies such as electric vehicles and heat pumps is surging. The biggest legacy of the global energy crisis triggered by Russia's invasion of Ukraine may be that it accelerates the end of the fossil fuel era - with IEA projections now showing that under today's policy settings, demand for oil, gas and coal is set to peak within the decade. The IEA is partnering with Ukraine as it bolsters its energy security The IEA and many of our member countries are…

                • Country

                Tunisia

                Tunisia mostly relies on gas imports to meet its primary energy needs: almost 97% of its electricity generation came from gas in 2016. However, energy policy puts the emphasis on renewable energy. Electricity generation from wind power strongly increased since 2014.

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                • + 5 pages

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                Costa Rica

                Costa Rica’s energy policy aims to move from a fossil fuels based energy system towards renewable energy sources and to expand its power generation capacity, replacing old power generating stations and developing new projects.

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                • + 5 pages

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                • Country

                Malaysia

                In Malaysia, the share of gas in the power mix decreased from 67% in 2005 to 47% in 2015, led by policies to switch to coal in response to declining domestic gas production. The country holds a large share of Southeast Asia’s fossil fuel resources.

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                • + 5 pages

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