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Electricity Mid-Year Update 2025 Emissions: Power generation CO2 emissions are plateauing
Global emissions from electricity generation rose by 1.2% in 2024, following an increase of 1.6% in 2023. Last year was even hotter than in 2023 – making it the warmest year on record – with the heat waves boosting electricity demand for cooling. Nonetheless, growth in power sector emissions showed signs of slowing down as rapid deployment of renewables constrained increases in fossil-fired generation. As this trend continues, we expect 2025 emissions to plateau and remain relatively unchanged. In 2026, we forecast a slight decline of less than 1%, as the increase in low-emissions generation depresses fossil-fired…
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Global Methane Tracker 2026 Policy trends
…around 50% in 2021. This includes the Global Methane Pledge (GMP), which today includes more than 150 countries and covers more than 50% of emissions from human activity worldwide. Launched in 2021 at the 26th United Nations Climate Change Conference (COP26), the GMP commits participating countries to collectively reduce anthropogenic methane emissions – from all sources, not just energy – by at least 30% below 2020 levels by 2030. Most GMP signatories are yet to take concrete action to introduce policies or to reduce emissions. The detailed policies and regulations in place today would cut oil and gas emissions by only around…
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Southeast Asia Energy Outlook 2026 Energy outlook to 2050 based on targets and pledges
…under today’s policy settings. Coal demand peaks around 390 Mtce by 2030 and declines to 140 Mtce by 2050, driven mainly by reduced coal-fired power generation and faster renewables deployment. Oil demand peaks in the early 2030s and falls to around 3.9 mb/d by 2050 as transport electrification and efficiency gains accelerate. Natural gas demand peaks at around 205 bcm around 2030 before declining to about 110 bcm by 2050, as low-emissions alternatives expand across power, industry and end uses. Rapid electrification reshapes final energy consumption and reduces import exposure. Total final consumption reaches 26…
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Scaling Up Transition Finance Sectoral insights
Where can transition finance be applied? This chapter provides an analysis of investments that can be supported by transition finance in three important areas – heavy industry, critical minerals and natural gas – building on the preceding assessment of investments and providing illustrative cases and non-exhaustive key performance indicator (KPI) examples to underpin transition strategies.As with the investment amounts highlighted in Chapter 1 that can be supported by transition finance, inclusion here does not automatically render an activity eligible for transition finance, since such eligibility depends on meeting the relevant process requirements. Equally, the absence of an activity from this…
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Global EV Outlook 2025 Trends in other light-duty electric vehicles
…more than 9% of the global fleet now electric. The global sales share of electric models remained at around 15% in 2024 with total electric model sales reaching 10 million. The electric sales share stalled in 2024, mostly due to the shrinking Chinese electric 2/3W market, although growth in other regions was steady. China, India and Southeast Asia remain the world’s largest 2/3W markets, accounting for around 80% of 2024 global sales, with 2/3Ws serving as the primary mode of private passenger transport in India and Southeast Asia. Electric 2/3Ws stand out as the most affordable…
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Global EV Outlook 2025 Outlook for energy demand
…EVs represented about 0.7% of final electricity consumption in 2024.The stock of EVs is set to more than triple to 2030, but electricity demand could increase more than fourfold, reaching 780 TWh in the STEPS. This is driven by increasing consumption from electric trucks, as well as greater EV uptake in markets where people drive more per year. Total energy demand for road transport increases by only 5% in 2030 in the STEPS, while total road activity (in terms of vehicle kilometres travelled) increases by almost 20% during the same period, reflecting the greater energy efficiency of EVs. Globally…
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Energy Technology Perspectives 2026 Supply chain risks and industrial competitiveness
…secure as its weakest link. No major change in the security of global clean energy technology supply chains is likely before the end of the current decade, based on committed manufacturing and mining projects and projected market trends based on today’s stated policy settings. The impact of Chinese clean energy technology manufacturing companies extends beyond the country’s borders. Chinese firms account for a large portion of the production capacity located outside China in the solar PV industry. Such high market concentration can create risks, particularly in the event of major firms facing financial difficulties, labour disputes or being…
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Renewables 2025 Renewable electricity
…and India. Offshore wind capacity expansion is expected to reach 140 GW over the forecast period, more than doubling the growth of the previous five-year period. The annual offshore wind market expands from 9.2 GW in 2024 to over 37 GW by 2030, with China accounting for almost 50% of this increase. In Europe, the annual market is expected to approach 14.6 GW by 2030. Policy changes in the United States, macroeconomic pressures and supply chain challenges have raised costs and undermined project bankability in several European markets and Japan, resulting in undersubscribed auctions and project cancellations. As a result, we…
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Renewables 2025 Renewable heat
…measures (e.g. grants and drilling-risk insurance), infrastructure support and emerging strategies such as clean-heat targets and carbon pricing.In the buildings sector, three-quarters of renewable heat developments in the past six years took place in China, the European Union and the United States. Heat pump deployment has played a major role in all these markets, translating into rising consumption of both electricity and ambient heat for space and water heating. Large additional contributions also came from electric heating equipment and solar thermal and geothermal developments in China. If fossil fuel use is not contained, the heat…
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World Energy Investment 2025 Source, flows and destination of global energy-related investment spending
Most energy investment is supported by commercial finance and made by private sponsors, but the sources of finance vary widely by technology and region. Today, 75% of the available finance for investment in the energy sector is commercial finance, but domestic and international public finance play important roles that vary widely across regions and sectors.
