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Powering Ireland’s Energy Future Executive summary
…and integrate it with longer-term power system planning. This will help set priorities and guide market and system development, while allowing potential trade-offs to be proactively identified and managed, where possible.Ireland has a long track record of transforming its power system while managing strong electricity demand growth. In 2024, Ireland supplied about one-third of its electricity from wind, four times the global average and second only to Denmark among countries with gigawatt-scale systems. That made wind the second largest source of electricity in Ireland behind natural gas, which had a share of more than 40…
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Oil Market Report - May 2025
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand growth is projected to slow from 990 kb/d in 1Q25 to 650 kb/d for the remainder of the year as economic headwinds and record EV sales curb use. Demand growth averages 740 kb/d in 2025 and 760 kb/d in…
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Artificial Intelligence
…by both businesses and individuals. Though significant 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…
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World Energy Employment 2025 Executive summary
In 2024, global energy employment growth outpaced job gains in the wider economy for the third year in a row. Continued strong investment in energy infrastructure underpinned expanding energy employment, up by 2.2%, nearly double the economy-wide rate of 1.3%, bringing total energy sector jobs to 76 million. Since 2019, 5.4 million energy workers have been added – about 2.4% of all new jobs globally. In some countries, its contribution is far larger, reaching one in five new jobs in China and one in ten in the United States since 2022. The pace of the expansion in recent…
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Global Energy Review 2026 Technology: Battery storage
Battery storage is the fastest growing power technology today. In 2025, 108 GW of new battery storage capacity was deployed worldwide, 40% more than in 2024. Installed capacity is now eleven times higher than in 2021. Lithium‑iron phosphate (LFP) batteries now account for around 90% of deployments; while less energy‑dense than rival chemistries commonly used in EVs, LFP batteries are typically cheaper and better suited to more frequent cycling. Just five years ago, the market share of LFP batteries in deployments was well below 50%. Around 80% of new battery capacity in 2025 was utility‑scale. The remainder was behind-the…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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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.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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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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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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Oil Market Report - April 2025
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand growth for 2025 has been revised down by 300 kb/d since last month’s Report to 730 kb/d, as escalating trade tensions have negatively impacted the economic outlook. Growth is expected to slow further in 2026, to 690 kb/d, but…
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Gaining an Edge Policy implications
An integrated policy package is key to deliver value to businesses and the economy Government intervention can help enhance industrial energy efficiency through effective policy packages. To create effective drivers and preconditions for increasing energy efficiency in the industry sector, policy packages combine three main mechanisms, regulation, information and incentives:Regulation is essential to exclude the worst performing equipment and practices from the market, driving greater energy efficiency at both firm and national level. Information improves firms’ awareness and knowledge of their energy efficiency options, highlighting benefits and enabling more efficient choices in energy-related purchases and use. Increased capacity…
