-
Fossil Fuel Subsidies
…cases, subsidy estimates represent a combination of opportunity costs and direct expenditures.Estimates using the price gap approach capture only interventions that result in final prices for end users below what would prevail in a competitive market. They do not, for example, capture subsidised research and development, or subsidies for fossil fuel production. These estimates therefore understate total fossil fuel subsidies, as well as their impact on economic efficiency and trade. Despite these limitations, the method is a valuable tool for estimating subsides and for undertaking comparative analysis across economies to support policy development. For net importers of oil, natural…
-
Global Methane Tracker 2026 Key findings
…metres (bcm) of natural gas could be made available annually through a global effort to cut methane from oil and gas operations, with a further 100 bcm unlocked through the elimination of non-emergency flaring worldwide.It would take time to deploy the equipment and infrastructure needed to achieve cuts of this magnitude. But in the immediate future, if countries with spare export capacity and gas importers were to implement abatement measures across their upstream and downstream operations, we estimate that nearly 15 bcm could be made available in a sufficiently short period of time to provide some relief to gas markets…
-
What Next for the Global Car Industry Executive summary
…as a whole. Passenger cars are the single largest source of global oil demand today, covering around one-quarter of total consumption, while electric cars are a small but growing driver of electricity demand. The use of alternative fuels, notably biofuels, represents 5% of energy use from cars today and is set to grow in support of policy priorities such as fuel diversification and emissions reductions. The extent and pace by which cars electrify, however, is what will affect future car manufacturing as well as the energy sector the most, and explains the focus of this report. ICE sales will…
-
Global Energy Review 2025 Global trends
…with oil prices on a downward trend after the highs of 2022. Yet geopolitical risks persisted, and some markets remained exposed to volatility. The main European gas price benchmark, the TTF, doubled by December 2024 from its lows in February 2024. GDP growth in advanced economies slowed slightly to 1.7% in 2024. Continued stronger growth in the US was bolstered by healthy sentiment and consumer confidence. By contrast, the European Union saw weaker growth, amid competitiveness concerns. In emerging market and developing economies growth remained robust but slowed slightly to 4.4%. People’s Republic of China (hereafter, “China”) reported…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 3 pages
-
The State of Energy Innovation 2025
…increased public and private investment, and a shifting international landscape. This report provides a comprehensive assessment of recent progress and emerging challenges in energy technology innovation, drawing on over 150 innovation highlights and a survey of practitioners across 34 countries. It analyses trends in public and corporate R&D spending, venture capital flows, and technology demonstration efforts, highlighting an increasingly international landscape, with emerging economies making strides alongside traditional leaders. The report documents the increasing focus on low-emissions, modular and mass-manufactured technologies, as well as launching a set of 18 “races” to encourage faster progress towards key demonstration…
-
Manufacturing and Trade Model
The IEA’s Manufacturing and Trade (MaT) Model was first developed for the 2024 edition of Energy Technology Perspectives (ETP) to produce scenario projections of manufacturing and trade across six key energy technology supply chains. These cover solar photovoltaics (PV), wind turbines, electric cars, batteries, electrolysers and heat pumps. This model is now used to generate detailed sector-by-sector and region-by-region long-term scenarios in IEA publications such as the World Energy Outlook and Global EV Outlook.The MaT model is part of the IEA’s broader modelling framework and is closely linked to the Global Energy…
-
Renewables 2025
Analysis and forecasts to 2030 Renewables 2025 Renewables 2025 is the IEA's main annual report on the sector. It presents the latest forecasts and analysis, based on recent policy and market developments, while also exploring key challenges and opportunities facing the sector.This year’s edition provides forecasts for the deployment of renewable energy technologies in electricity, transport and heat through 2030. It also examines notable developments in key areas of the sector, including policy changes, manufacturing trends, and the financial health of different parts of the industry.
-
Energy Technology Perspectives 2026
…Technology Perspectives is published against the backdrop of a fast-changing policy and technology landscape. Governments are working to establish secure and resilient supply chains for clean energy technologies while advancing key energy policy goals such as energy security, affordability and economic competitiveness, as well as climate and other environmental goals. In a landscape that is constantly evolving, this report aims to deliver timely insights into the status and outlook of technology deployment, manufacturing, project pipelines, investments, and trade of different energy technologies and materials. The aim is to provide useful analysis that can inform the considerations of policy makers…
-
Rare Earth Elements
…has elevated their importance in both energy and broader economic security discussions in recent years. This report assesses the current state of the rare earth elements market, examining demand and supply dynamics and key technological developments. It analyses the full value chain from mining to permanent magnet production, evaluates vulnerabilities across supply chains, and highlights the implications of potential supply disruptions. Based on these analyses, the report outlines eight targeted policy recommendations that can pave the way for more secure, diversified and resilient rare earth element supply chains.The analysis is founded on the work of the IEA Critical Minerals…
-
Northwest European Hydrogen Monitor 2025
…market in Northwest Europe could gradually scale up in the short- to medium-term. Northwest European countries now have ambition to develop up to 30 to 35 gigawatts (GW) of electrolyser capacity by 2030. However, most low-emissions hydrogen projects are currently in the early stages of development. Their success will depend largely on supportive policies and regulatory frameworks. The cost-efficient development of low-emissions hydrogen markets also necessitates a regional approach that maximises existing synergies among national markets. This is the third edition of the Northwest European Hydrogen Monitor. It provides an annual update of low-emissions hydrogen market…
