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Global EV Outlook 2025 Trends in other light-duty electric vehicles
…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 and accessible entry point into electric mobility. Unlike cars, many models do not rely on extensive charging infrastructure…
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Scaling Up Transition Finance What is transition finance?
…moment, the volume of finance that can be labelled as transition finance is low, but International Energy Agency (IEA) scenarios provide some indicative guidance of the potential volume of investments that could be covered. Over the next decade, the amount of investment that can be supported by transition finance is approximately USD 5 trillion of cumulative investment in the Announced Policies Scenario (APS) and approximately USD 4 trillion in the Net Zero Emissions by 2050 (NZE) Scenario, or USD 400-500 billion per year. Over half of those investments would be in EMDE, spanning energy efficiency, selected low-emissions technology across different end-use sectors, and…
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World Energy Investment 2025 Latin America and the Caribbean
…at USD 900 million. Despite rising investment in renewables, Latin America only accounts for 5% of privately financed global investment in clean energy, reflecting high interest rates, lack of long-term finance and an overall increase in public debt servicing costs. These have increased fivefold over the past ten years in Nicaragua and Suriname, while Brazil and Mexico account for more than USD 55 billion dollars per year in debt servicing compared to nearly USD 90 billion in total energy investment.Latin America has received USD 45 billion in upfront investment in green field mining for copper and lithium since 2015, highlighting its pivotal role. Chile…
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Global Hydrogen Review 2025 Demand
Highlights Global hydrogen demand reached almost 100 Mt in 2024 and is expected to surpass that milestone in 2025. This increase is being driven by demand for industrial products that use hydrogen as a feedstock, rather than being the result of successful implementation of energy and climate policies.Demand is still almost exclusively from established sectors (refining, ammonia, methanol and fossil-based direct reduced iron [DRI]), with demand for new applications (biofuels upgrading, new industrial uses, mobility, power or synthetic fuels) growing but from a very low base – less than 1% of demand.Low-emissions hydrogen use increased by nearly 10…
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Czechia 2025 Executive summary
…filling implementation gaps, strengthening capacity and fostering societal support will help to achieve them.Significant steps are being taken to improve energy security and reduce reliance on Russian imports. To address short-term energy security concerns related to the coal phase-out, legislation now allows temporary operation of coal plants in case of shortages, and a capacity mechanism is being developed to attract investment in new dispatchable generation. Government interventions should be targeted and temporary, and low-carbon alternatives should be prioritised to avoid overreliance on natural gas, which would result in fossil fuel lock-in. To avoid this lock…
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Energy Efficiency 2024 How is the dumping of inefficient equipment affecting efficiency progress?
…inefficiency of these products leads to higher energy bills for consumers and drives up energy demand, straining power systems and requiring new investment in generation capacity. As a result, critical resources are diverted from vital sectors such as health and education, hampering socio-economic development in low-income countries. Outdated used equipment is flooding markets in lower-income countries, leading to a dominance of inefficient appliances Every year large quantities of used equipment are exported to countries and regions with weaker regulatory frameworks, especially to the sub-Saharan Africa region. These appliances would be in large part disposed of as…
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Gaining an Edge Policy implications
…for policy makers can be to assess and clearly communicate the value of energy efficiency policies. This is primarily due to the lack of robust practices for collecting data on results achieved, including the wider benefits beyond energy savings or reduction of greenhouse gas emissions. An IEA survey of 1 000 industrial firms, conducted in 2025, indicates that more than half of the companies have experienced a broad range of benefits from energy efficiency and 88% can quantify or estimate the monetary value of these benefits. While energy efficiency policies and programmes targeting industry have been shown to be cost…
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Delivering Sustainable Fuels Executive summary
…Sustainable fuels can also enhance energy security, stimulate economic development and strengthen environmental sustainability.Greater use of sustainable fuels can bolster energy security by diversifying fuel supply and reducing fossil-fuel import dependence. Sustainable fuels can be produced from domestic resources in many countries, reducing exposure to volatile international oil and gas markets and supply risks. In 2024, liquid biofuels lowered transport fuel import dependence by 5-15 percentage points in relevant importing countries, and global oil demand was around 2.5 million barrels per day lower than it would have been without their contribution.Sustainable fuels can be a…
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Renewables for Industry Executive summary
…systems around the world, leading to a higher share of renewables in the industrial mix via heat electrification. This linkage between industrial electricity demand and growing renewable generation is becoming an important driver of decarbonisation across industrial sectors. It contributes to greater system flexibility, strengthens energy security by reducing dependence on fossil fuel imports, and fosters economic growth, industrialisation and employment. Low-temperature industrial heat and steam are ready for electrification, but market conditions are not yet in place Improving energy efficiency is the foundational step in preparing for the electrification of low-temperature heat and steam. Energy efficiency measures…
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Financing Electricity Access in Africa Pathway to universal access
…with financial support for households to reduce connection fees and increased community engagement to improve take-up rates once the grid arrives. However, decentralised solutions remain essential, especially for rural areas. Integrated energy planning and improved tendering approaches can help design impactful interventions, streamline processes, and thus unlock further capital.Private finance accounts for roughly 45% of spending under the ACCESS scenario, making up over half of spending in decentralised solutions but a slightly lower share in grids. The private sector already plays a key role in solar home systems (SHS) but faces obstacles in other sectors: many countries do…
