-
World Energy Outlook 2022 The global energy crisis
Introduction The world is in the middle of a global energy crisis of unprecedented depth and complexity. Europe is at the centre of this crisis, but it is having major implications for markets, policies and economies worldwide. As so often is the case, the poorest and most vulnerable are likely to suffer most. The strains did not begin with Russia’s invasion of Ukraine, but they have been sharply exacerbated by it. Extraordinarily high prices are sparking a reappraisal of energy policies and priorities. The Europe-Russia energy relationship lies in tatters, calling into question the viability of decades of…
-
Global Hydrogen Review 2026 Key questions about hydrogen
How has the conflict in the Middle East affected supplies of fertilisers and chemicals made from hydrogen? The conflict in the Middle East has disrupted not only oil and gas flows, but also global supply chains for hydrogen‑based products, particularly fertilisers and chemicals such as ammonia, urea and methanol. These products account for a large share of hydrogen demand, with ammonia and methanol alone representing roughly half of global consumption.The Middle East plays a critical role in global markets for hydrogen-based products, and a large share of its production is dedicated to exports, making the region a major…
-
Financing the Modernisation of Power Systems Beyond Coal Executive summary
…gas markets have reinforced this role, with governments in Southeast Asia increasing coal-fired power generation to maintain electricity supply and manage fuel supply risks.If operated for typical lifetimes and utilisation rates, the existing worldwide coal fleet would emit 330 gigatonnes (Gt) of carbon dioxide (CO2) to 2100 – more than the historical emissions to date of all coal-fired power plants that have ever operated. Countries across developing Asia have added over 1 450 gigawatts (GW) of coal power since 2000. In 2024, the region accounted for nearly three-quarters of global coal-fired power capacity, with around 80% of plants u...
-
Coal Mid-Year Update 2025 Trade
…States and Russia increased exports by 11% each to 52 Mt and to 49 Mt respectively. In contrast, Canada experienced a decline in export volumes during the year. Global coal trade set to reverse course in 2025 Looking ahead to 2025, we expect global coal trade to decline, reversing the upward trend observed in 2024. This shift will be led by China, where a combination of sluggish coal demand, healthy domestic production and high stockpiles is expected to reduce coal import by around 76 Mt. In India, the continued expansion of domestic thermal coal production is expected to significantly outpace demand growth…
-
Global Energy Review 2026 Natural gas
Natural gas demand growth slowed in 2025 Following a strong increase of 2.8% in 2024, global gas demand growth slowed significantly in 2025 amid weaker industrial activity and relatively high spot liquefied natural gas (LNG) prices in the first half of the year. Demand increased by 1% in 2025, translating to an increase of around 40 bcm (or 1.4 EJ) in absolute terms. Incremental demand was largely concentrated in the United States and the European Union – where it was supported by colder winter weather – and in the Middle East, where gas use in the power sector grew rapidly…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 9 pages
-
Coal Mid-Year Update 2025 Demand
…which remained relatively resilient. For the second half of the year, we expect a modest recovery, and therefore anticipate overall coal demand in China to fall by 0.5% in 2025.Similarly, India experienced a 2.1% year-on-year drop in coal demand for power generation in the first half of the year. This was primarily due to an early onset of the monsoon season and a high baseline of consumption in 2024, which was marked by an intense heatwave. On the other hand, the Indian steel sector showed signs of strength, as overall industrial coal demand was e...
-
Financing CCUS at Scale Executive summary
The current wave of investment in carbon capture, utilisation and storage (CCUS) is larger and more geographically diverse than ever before. Momentum in private capital flowing into projects is reflected in the more than 30 final investment decisions (FIDs) that have been reached in the past 2 years alone, particularly in Europe and North America, and in key sectors including transport and storage, industry, and power. Investment has grown more than 15-fold since 2020, reaching over USD 5 billion in 2025. The pipeline of projects currently under construction suggests that after years of incremental capacity additions, operational capture capacity is set…
-
Ghana
In Ghana, electrification rates have gradually increased over the past 20 years, reaching almost 85% in 2017 and building on successful electrification plans. The country relies on a diversified energy mix and hosts the largest hydropower project of the Western African region.
- Overview
- Energy mix
- Emissions
- Electricity
-
+ 5 pages
![Ghana Flag]()
-
Botswana
Coal production is set to increase in Botswana, but exports remain limited and mainly involve trade with neighbouring countries. Regarding electrification rates, the country has recently made good progress through a large push for mini-grid and off-grid solutions in rural areas.
- Overview
- Energy mix
- Emissions
- Electricity
-
+ 5 pages
![Botswana Flag]()
-
Stepping Up the Value Chain in Africa Executive summary
…minerals – notably copper, lithium, nickel, cobalt, graphite, and rare earth elements – the combined market value of which exceeded USD 230 billion in 2024. Nascent markets for low-emissions materials and chemicals like steel, aluminium and ammonia could see steep growth rates in the future, depending on how quickly related technologies and supply chains develop over the coming years.The economic rewards associated with these supply chains are – as yet – distributed very unevenly between countries. Africa as a whole currently captures less than 1% of the value generated from the manufacturing of clean energy technologies and their components. This is despite supplying large…
