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Norway
Norway has set ambitious targets for reducing greenhouse gas emissions and establishing a low-emissions society by 2050. As an energy-rich country, Norway is in a unique starting position with respect to the energy transition. An abundance of affordable hydropower has enabled the development of energy-intensive industries and a high level of electrification of homes and businesses with limited greenhouse gas emissions. At the same time, as a major oil and gas producer and exporter, Norway will need to support an evolution of its energy sector amid the global energy transition. Altogether, Norway has the opportunity to lead…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Luxembourg 2026 Executive summary
Luxembourg has established ambitious climate and energy objectives, but more targeted policy measures are needed to meet them. Luxembourg’s climate and energy goals are aligned with the European Union (EU) targets for a 55% reduction in greenhouse gas (GHG) emissions by 2030 and a 90% reduction by 2040, and it has legally enshrined net zero emissions by 2050. Despite rapid population and economic growth, energy-related emissions have already fallen by 40% since 2005, reflecting the success of early measures. Public support for climate action is also robust, providing a strong foundation for the next phase of the transition…
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Global Hydrogen Review 2025
Global Hydrogen Review 2025 The Global Hydrogen Review is an annual publication by the International Energy Agency that tracks hydrogen production and demand worldwide, shedding light on the latest developments on policy, infrastructure, trade, investments and innovation. The report is an output of the Clean Energy Ministerial Hydrogen Initiative and is intended to provide an update to energy sector stakeholders on the status and future prospects of hydrogen, and to inform discussions at the Hydrogen Energy Ministerial Meeting organised by Japan.The sector has progressed significantly since the first publication of the Global Hydrogen Review in 2021. Low-emissions hydrogen…
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Global Energy and Climate Model Techno-economic inputs
The Global Energy and Climate Model (GEC Model) uses macro drivers, techno-economic inputs and policies as input data to design and calculate the scenarios. The values for the different data categories and scenarios used in the GEC Model 2025 can be downloaded here.In particular more details regarding power generation technology costs for the Current Policies Scenario, the Stated Policies Scenario and the Net Zero Emissions by 2050 Scenario can be downloaded in excel format, including detailed projections at the 2050 horizon regarding overnight capital costs, annual O&M costs, efficiencies and other contributors to electricity costs at regional…
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State of Energy Policy 2026 Government energy spending
Government energy spending declined as affordability measures were rolled back after 2022 crisis, though investment support continues above historical levels The energy sector has historically accounted for a relatively small share of government budgets, averaging around 1% in most countries. Over the past five years, however, government spending on energy has doubled compared with 2019 levels, reaching around 1.4% of total direct government expenditure in 2025. Levels have varied by country, with some reaching up to 5% of general expenditure. Although spending fell from its peak in 2023, disbursements in 2024 and 2025 remained significantly higher than in the…
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Energy Efficiency Policy Toolkit Financing Energy Efficiency
Global energy investment continues to grow despite a challenging geopolitical environment. According to the IEA’s World Energy Investment 2026 report, total spending is expected to reach USD 3.4 trillion in 2026, a 5% increase from 2025. Clean energy investment is projected to remain around USD 2.2 trillion, representing nearly two‑thirds of total energy spending and continuing to outpace fossil fuels. Investment in electricity systems such as grids, storage, and electrification, is increasingly driven by energy security concerns and rising electricity demand. Energy efficiency also remains essential to strengthening system resilience, reducing costs for consumers and businesses, and lowering greenhouse gas emissions…
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Kuwait
Kuwait is wholly reliant on fossil fuels for energy generation and by 2030, its energy demand will triple. In order to diversify its energy mix, the country targets to increase the share of renewable generation to 15% by 2030.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Renewables for Industry Executive summary
Electrification of heat can improve efficiency, help diversify industrial energy, and enhance energy security A broad range of industries that depend primarily on low-temperature heat and steam processes represent roughly 70% of global industrial energy consumption. They span diverse manufacturing activities – from food and beverages to textiles, chemicals, transport equipment, wood products and paper. In 2023, these sectors emitted nearly 3 Gt of direct energy-related CO₂, accounting for half of all direct industrial emissions, although emissions have declined by around 8% since 2013.Industrial energy use is largely in the form of heat and is increasingly being supplied…
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Breakthrough Agenda Report 2025 Power
State of the transition Emissions Global emissions from electricity generation rose by 1.2% in 2024 to around 13.9 Gt of CO2, following an increase of 1.6% in 2023.The global emissions intensity of electricity generation is on a contracting trend, with a record 3% reduction in 2024 compared to 1% in 2023. This improvement reflects the rapid growth in renewable energy and nuclear electricity production relative to rising demand. Cost On an levelised cost of electricity (LCOE) basis, renewables remained the most cost-competitive option for new electricity generation in 2024.Onshore wind remained the most affordable…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Electricity 2026 Emissions
CO2 emissions from electricity generation are forecast to plateau through 2030 In 2025, global emissions from electricity generation remained flat, after increasing 1.5% and 1.4% in in the previous two years, respectively. Even with strong gains in electricity demand, growth in power sector emissions is showing marked signs of slowing down as fossil-fired generation is constrained by the rapid deployment of renewables and rising nuclear power generation. As this trend continues, we forecast global emissions from power generation to plateau over our 2026-2030 outlook period due to significant increases in clean energy sources, despite electricity demand…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
