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World Energy Outlook 2022 Energy security in energy transitions
…the global energy crisis sparked by Russia’s invasion of Ukraine. The surge in energy prices has been on a large enough scale to worsen considerably the global economic outlook, causing difficulties for households and industrial operations alike, and leading many governments to recalibrate their policy priorities. Energy transitions offer the chance to build a safer and more sustainable energy system that reduces exposure to fuel price volatility and brings down energy bills, but there is no guarantee that the journey will be a smooth one. Traditional security threats remain, even as new potential vulnerabilities emerge. The World Energy Outlook…
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Portugal 2026 Executive summary
…need. At the same time, electrification, digitalisation and expanded buildings' renovations will require new skills and workforce redeployment. A people-centred approach is essential to ensure that affordability, access, consumer protection and workforce capacity are integrated into energy transition policies. Public support should be targeted to where it delivers the greatest benefit and drives broad participation in the energy transition.With clear progress on decarbonising electricity supply, the next phase of Portugal’s energy transition must focus on the electrification of transport, buildings and industry, which together account for most energy-related GHG emissions (82% in 2024). Electrification is expect...
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Clean Energy Technology Supply Chain Data Executive summary
…and systems of data collection must be able to keep pace as technologies, resource availabilities and cost structures change over time.Strengthening global supply chains for clean power is the goal of the Supply Chains Mission which was established by the United Kingdom in 2025 under the Global Clean Power Alliance (GCPA). The Mission aims to work with international partners to identify and deliver the changes needed to diversify clean power supply chains and resolve bottlenecks. This report supports the work of the Data pillar of the Mission by providing a high-level assessment of the current status of data relevant…
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Global Hydrogen Review 2026 Investment and innovation
Capital spending on low-emissions hydrogen projects reached nearly USD 7 billion in 2025, nearly double the 2024 level and equal to 0.7% of global investment in energy supply. Investment in electrolysis overtook investment in carbon capture, utilisation and storage (CCUS)-based hydrogen, thanks to a stronger pipeline, higher capital intensity and faster project progress, and could account for around 70% of nearly USD 10 billion in investment in 2026.China and Europe lead committed electrolysis projects, with China accounting for more than 60% of capacity by 2026 and 25% of estimated investment. Europe represents less than 20% of capacity but 45% of…
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The Value of Demand Flexibility Executive summary
…system by shifting consumption away from peak hours, when emissions are generally higher, sometimes by as much as 70% compared to off-peak times.These benefits are increasingly important as energy systems evolve. Three trends are driving the need for increased demand flexibility:Rising electricity consumption and changing patterns are creating new peaks and straining power systems. Global electricity demand increased by more than 4% in 2024 and is set to continue rising as economies grow and sectors electrify. Peak demand is outpacing average demand in many regions. In Korea, for example, it has grown six times faster over the…
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Korea 2025 Executive summary
The energy crises resulting from the global Covid-19 pandemic and the Russian Federation’s invasion of Ukraine propelled carbon neutrality and energy security to the forefront of Korea’s energy policy. Despite robust growth in gross domestic product (GDP), Korea has managed to stabilise and reduce its greenhouse gas (GHG) emissions in recent years following a peak around 2018. Nonetheless, it faces challenges in fully decoupling emissions from economic growth. Notable among these challenges is the continued reliance on coal and the need for further expanding renewable energy technologies.Addressing Korea’s challenges will require sustained policy efforts, domestic…
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Ensuring a Strong Labour Dimension for Just and Inclusive Energy Transitions Just and Inclusive Energy Transitions
Workers play a critical role in the global energy system, providing key services across many areas of the energy sector. To give a greater voice to the labour perspective in energy and climate policy discussions, the IEA Executive Director convened the Clean Energy Labour Council in 2022. The Labour Council is made up of representatives of the world’s most important national trade unions and trade union confederations, as well as prominent thinkers on the topic, to foster engagement between the IEA, energy policy makers, and the labour movement.One of the main topics for the IEA Clean Energy Labour…
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China’s Official Energy Finance in Emerging and Developing Economies Case 1. Uzbekistan 1-GW Solar PV Project
…a 1-GW solar photovoltaic (PV) complex project, consisting of two 500-MW solar farms, was built in the Bukhara and Kashkadarya regions, with two farms developed largely in parallel. The first 400 MW entered commercial operation in December 2023, and the remaining 600 MW was commissioned in June 2024. Energy China acted as developer and sponsor, implementing the project through a fully owned local project company and coordinating design, engineering, procurement and construction across both sites.Led by Energy China, this project is one of the country’s first large-scale solar projects and plays a meaningful role in…
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Global Hydrogen Review 2025 Production prospects to 2030
Only a small fraction of the total project pipeline can realistically start operating by 2030, highlighting policy gaps The potential low-emissions hydrogen production from announced projects that could be available by 2030 has declined compared to in Global Hydrogen Review 2024. With only five years to 2030, and taking into account typical development cycles, which stretch from three to six years, realising the full pipeline of projects seems very difficult. In addition, we estimate that half of the announced projects face deferred start dates compared to the commercial operation date announced by developers. Delays are particularly acute among electrolyser projects…
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Gas Market Report, Q1-2026 Executive summary
…earlier.Global LNG supply growth accelerated to 10% (or 28 bcm) y‑o‑y in the second half of 2025, which gradually eased market conditions starting from July. TTF and Asian spot LNG prices fell 14% and 17% respectively in H2 2025 compared with the same period in 2024. The correlation between European and Asian benchmark prices rose to a new all-time high of 0.955 in 2025. This reflects the increasingly interconnected nature of regional markets amid the growing share of destination-flexible LNG supplies. Macroeconomic uncertainty and tighter supply in the first half of 2025 weighed on global gas…
