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Electricity 2026 Executive summary
…over the past decade. India and Southeast Asia’s share of electricity demand growth among emerging economies is forecast to rise substantially by 2030, driven by robust economic growth and rapidly rising demand for air conditioning, which is set to boost both annual consumption and peak loads.Electricity demand growth in advanced economies is accelerating again after 15 years of stagnation. This resurgence signals a new era in which electricity is a major energy input to some of the most dynamic drivers of global economies, such as artificial intelligence (AI), data centres and advanced manufacturing. In 2025, advanced economies accounted for…
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- Demand
- Supply
- Grids
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Electricity 2026 Emissions
…CO2-intensity from electricity generation contracted by an estimated 3% in 2025, after a 2.6% reduction in in 2024. An increasing share of renewables and robust output in nuclear energy generation are driving this trend. We forecast CO2 intensity to fall even faster over our forecast period, at an annual average rate of 3.7%, down from 435 g CO2/kWh in 2025 to 360 g CO2/kWh in 2030.Many regions are expected to register substantial declines in CO2 intensity in the 2026-2030 outlook. The European Union is forecast to post the sharpest fall in emissions intensity from electricity generati...
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Electricity Mid-Year Update 2025 Executive summary
…growing air conditioning use, the expansion of data centres, and ongoing electrification will remain major drivers of strong global electricity demand growth through 2026. As a result, electricity demand is expected to rise more than twice as fast as total energy demand in 2025 and to continue this trend in 2026. Electricity demand in China and India is expected to rise at a more moderate pace in 2025 than the rapid growth seen in 2024. After a 7% surge in 2024, electricity consumption in China is projected to increase by 5% in 2025, reflecting slower demand growth in the industrial…
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World Energy Investment 2025 Eurasia
…a significant share of overall energy investment, Eurasia's upstream oil and gas investment is projected to be around USD 54 billion by 2025, around half of 2015 levels. This decline is particularly evident in greenfield projects, where investment has fallen from around 50% in 2015 to less than 20% in 2025. Around 75% of oil and gas upstream investment in the region is made by Russia. Low oil prices have pushed Russian companies to cut costs and focus on cheaper brownfield projects rather than new developments. Moreover, international sanctions against Russia have significantly affected the energy sector by limiting access to…
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State of Energy Policy 2026 Executive summary
…crises of the 1970s.While no single narrative defines the shifts seen in 2025 in energy policy, the cost of living, competitiveness and resilient supply chains emerged as central themes alongside long-standing policy priorities relating to energy security, efficiency and sustainability. State of Energy Policy 2026 draws on the IEA’s Global Energy Policies Hub, which tracks more than 6 500 measures across 84 countries and more than 200 policy types, highlighting where recent policy changes represent a major shift from longer-term policy trends. Foundations laid since the 1970s have strengthened the world’s ability to respond to energy supply shocks…
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World Energy Outlook 2022 Outlook for liquid fuels
The situation for oil markets today could hardly be more different from what it was in 2020. Two years ago, lockdowns imposed in response to the Covid-19 pandemic caused a huge oversupply of oil, leading prices to collapse to an average of USD 44/barrel. Today, global supply is struggling to keep pace with demand, with many producers bumping up against capacity constraints and Russia’s invasion of Ukraine sharply accentuating market tightness. Prices have soared to an average of USD 105/barrel so far in 2022.Global oil use is subject to sharply conflicting pressures. Some sectors, notably aviation, are…
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Electricity Mid-Year Update 2025 Demand: Global electricity use to grow strongly in 2025 and 2026
…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, strong demand increases from industries, air conditioning (AC) and data centres, as well as significant strides in electrification, are expected to support growth in electricity use through 2026. Electricity demand is set to rise more than twice as fast as total energy demand over the forecast period. Overall…
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Global Energy Review 2026 Key findings
…strong electricity demand from data centres, robust industrial growth and colder temperatures. The People’s Republic of China (hereafter, “China”) accounted for the largest overall share of global energy demand growth, but at 1.7% its growth rate slowed sharply due to the rapid growth of renewables and efficiency improvements.Demand for electricity grew at well over twice the rate of energy demand, reaffirming that the world has entered the Age of Electricity. Growth of nearly 3% remained above the average of 2.8% over the last decade, but was slower than in 2024, largely due to one-off factors…
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- Global trends
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Renewables 2021 Renewable electricity
Forecast summary Renewable capacity additions are set to grow faster than ever in the next five years, but the expansion trend is not on track to meet the IEA Net Zero by 2050 Scenario Annual additions to global renewable electricity capacity are expected to average around 305 GW per year between 2021 and 2026 in the IEA main case forecast. This implies an acceleration of almost 60% compared to renewables’ expansion over the last five years. Continuous policy support in more than 130 countries, ambitious net zero goals announced by nations accounting for almost 90% of global GDP, and improving competitiveness…
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The Future of Electricity in the Middle East and North Africa Executive summary
A cornerstone of global energy supply and, increasingly, demand The Middle East and North Africa (MENA) region is at a pivotal moment in its energy journey. The region has long been a cornerstone of the global energy system. In 2024, it supplied over 30% of the world’s oil and nearly 20% of its natural gas. At the same time, it is emerging as a major centre of electricity demand growth, driven by a rapidly expanding population, urbanisation, rising living standards, and accelerating climate pressures. Between 2000 and 2024, electricity demand tripled – increasing by more than 1 000 terawatt-hours (TWh…
