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Electricity 2026 Supply
…where demand growth through 2030 will be met by renewables, natural gas and nuclear. While trends for individual fuels vary by region, a common theme is the strong expansion of solar PV in many power systems. This chapter provides an overview of global supply developments in 2025 and a summary of our forecasts through 2030 for the major economies. A detailed coverage of other individual regions and countries can be found in the Regional Focus section of the report. Share of renewables and nuclear in global electricity generation reaches 50% by 2030 Renewable electricity generation is expected to rise each…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
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World Energy Outlook 2025 Regional insights
…renewables in electricity generation. Energy trends in advanced economies are shaped by the structure of their economies, and by high average incomes and rates of vehicle and appliance ownership. Overall energy demand typically has peaked, although electricity use continues to increase, with electric vehicles and data centres adding to demand. Energy demand per capita is generally lower in emerging market and developing economies. Many of these countries are still developing their industries, some suffer from a lack of universal access to energy, and most have lower average incomes and levels of ownership of energy consuming equipment than advanced economies. However…
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Global Hydrogen Review 2025 Five key questions about hydrogen
…in the 1970s, 1990s, and early 2000s. However, a deeper analysis reveals a different story. Despite falling short of the ambitious targets from the early 2020s, the sector is achieving remarkable milestones that demonstrate clear progress.The scale of electrolyser projects is growing fast. In 2021, the world's largest reached 30 MW. In 2025, a 500 MW project was commissioned in China, and Saudi Arabia's NEOM project is targeting 2 GW to be operative by 2027 – a 75-fold increase in just six years. Considering only projects that are operational, under construction or have reached a final investment decision, low-emissions…
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Electricity Mid-Year Update 2025 Demand: Global electricity use to grow strongly in 2025 and 2026
Global electricity demand is forecast to increase by an average annual 3.3% in 2025 and by 3.7% in 2026, a moderation from 4.4% in 2024 but still some of the highest growth rates observed over the last decade. This is a slight downward revision from our previous forecast in February 2025 of 4% growth for this year and 3.8% in 2026. The change is partly due to the IMF's downgrade of the global GDP growth outlook compared with its January 2025 update amid elevated uncertainty surrounding trade tariffs and economic prospects. Despite these downside risks…
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Pledges to Progress 2025 Executive summary
…of global oil and gas production and considers both OGDC signatory and non-signatory companies. This report aims to provide oil and gas companies, governments, investors, civil society and the public with an assessment of the actions companies are taking towards fulfilling the ambitions in the OGDC. In this first assessment, company performance is evaluated on the extent to which they are publicly reporting on the measures that are required to drive credible emissions reductions (rather than being evaluated on actual emissions reductions). Key highlights from the assessment include:Building on the work of the Oil and Gas Climate Initiative …
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Global Energy Review 2026 Technology: Heat pumps
…the year, they fell sharply in the second half. Sales of air-to-water and hot water heat pumps, which make up the remainder of the market, remained at similar levels to 2024.In Europe, annual sales rose by 11%, marking the first year of growth since 2022. This recovery was largely driven by Germany, where sales in the first half of the year increased by 55%. It was also the first year that heat pumps outsold gas boilers in the country. However, in France, Europe’s largest heat pump market, sales declined moderately. In the United States, heat pump…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Rare Earth Elements Illustrative mine-to-magnet value chain
Illustrative mine-to-magnet value chain
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Gaining an Edge Opportunities in efficiency markets
…until 2023. Committed projects – i.e. those that are either under construction or have reached a final investment decision – will double battery cell production capacity again by 2030. When considering all announcements on capacity additions, they are even expected to triple by that time. Other energy efficiency technologies also show similar market expansion. Heat pump production capacity is expected to add another 32% by 2030 based on committed and preliminary forecasts. Meanwhile, building insulation has seen strong growth in recent years driven by stricter energy performance regulations and rising energy costs, and is expected to maintain this momentum. In the…
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World Energy Investment 2025 European 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…
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Global Methane Tracker 2025 Regional insights
…with large parts of its oil and gas production in offshore or cloud-covered regions, where satellites struggle to make regular observations. UNEP’s IMEO is currently conducting a study on the sources of methane emissions in Colombia and the CCAC is supporting efforts to strengthen monitoring, reporting and verification in its mining sector. Apart from Venezuela, all major producers in the region have signed the Global Methane Pledge. Yet Colombia is the only country with an explicit strategy for reducing methane emissions and regulations in place to limit methane emissions from oil and gas operations (including restrictions on flaring…
