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            • Oil Market Report - June 2026

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                • Country

                Estonia

                Estonia has achieved a notable reduction in greenhouse gas emissions thanks mainly to lowering its reliance on electricity generation from domestic oil shale, an energy rich sedimentary rock. However, oil shale remains the main energy source and imported fossil fuels still plan a major role, especially in transport. Estonia’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. Estonia is aiming to accelerate its clean energy transition with a target to cover 100% of annual electricity demand with renewables by 2030 as part of a larger package to achieve climate neutrality by 2050. It…

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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                • Country

                Bulgaria

                Bulgaria adopted The Energy from Renewable Sources Act in 2011. The Act regulates the generation and consumption of energy from renewable sources with the aim of achieving the national targets in terms of renewable energy use in final gross energy consumption.

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

                Bulgaria Flag
                • Country

                Nicaragua

                The National Energy Policy of Nicaragua establishes a policy framework for the development and exploitation of renewable sources. The law sets the objective of prioritizing the use of renewable energy in the national energy mix and of stabilizing energy prices using renewables.

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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                • Country

                Croatia

                Croatia's National Energy Strategy 2009-2020 has three basic objectives: increase security of energy supply, develop competitive energy system and ensure sustainable energy sector development. These objectives are particularly important for the country, as it is heavily dependent on energy imports, resulting in its vulnerability to energy prices fluctuations.

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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                • Flagship report

                • Jun 2025

                World Energy Investment 2025 European UnionEuropean Union

                Energy investment in the European Union has shifted over the past decade to low-emissions generation. Grid investment is key to EU price convergence and market stability In the past decade, the European Union (EU) has increased its commitment to clean energy, with investment reaching almost USD 390 billion in 2025. Investment in low-emissions electricity was driven by the global energy crisis that followed Russia’s full-scale invasion of Ukraine in 2022, subsequent favourable policy incentives and the declining cost of renewable technologies. In 2024 renewables generated 50% of electricity used in the EU, while fossil fuels accounted…

                • Executive summaryExecutive summary
                • Source, flows and destination of global energy-related investment spendingSource, flows and destination of global energy-related investment spending
                • How we track investment in energyHow we track investment in energy
                • United StatesUnited States
                • + 9 pages

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                • Energy system

                Renewable Integration

                Renewable Integration

                renewable integration
                • Country report

                • May 2026

                Portugal 2026

                Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Portugal and the IEA. It draws on the IEA’s extensive…

                • Executive summaryExecutive summary
                • InfographicInfographic
                • Policy recommendations for PortugalPolicy recommendations for Portugal
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                • Country report

                • Jun 2026

                Luxembourg 2026

                Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Luxembourg and the IEA. It draws on the IEA’s extensive…

                • Executive summaryExecutive summary
                • InfographicInfographic
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                • Country

                Hungary

                Hungary was among the first countries globally, in June 2020, to make a legal commitment to become carbon neutral by 2050 and plans to phase out coal by 2030 at the latest. Enhanced energy efficiency, increased renewable and nuclear electricity and electrification of end-use sectors are identified as the key drivers towards the 2050 target. Hungary plans to build two new nuclear unit and while solar PV has grown notably, wind lacks behind its potential but the change in siting limits for wind turbines are likely to have a positive impact on the sector.

                • OverviewOverview
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                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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                • Country report

                • Jun 2025

                Ramping up Heat Pumps in Moldova: A Roadmap Status and key indicatorsStatus and key indicators

                The Republic of Moldova is a landlocked country, located between the northeastern border of Romania and the southwestern edge of Ukraine. Its surface area of 33 800 km2 puts makes it roughly the same size as Armenia or Belgium. Moldova had a population of 2.45 million in 2023, a decline of 15% since 2013. Continued urbanisation amid this population drain presents important policy considerations for heating sector reforms. This chapter provides an overview of Moldova’s energy policy framework, its energy targets and objectives, institutional governance and statistics on its heating sector.  Energy policy landscape Governance overview Moldova’s energy…

                • Executive summaryExecutive summary
                • Status and key indicatorsStatus and key indicators
                • Heat pumps in MoldovaHeat pumps in Moldova
                • Building the marketBuilding the market
                • + 3 pages

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