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Austria 2026 Executive summary
…one of the most ambitious climate and energy targets in the world; achieving them requires actionable delivery strategies and adequate funding. The country’s commitments to climate neutrality by 2040 – a full decade ahead of the European Union (EU) – and a 100% renewable share in the national annual electricity balance by 2030 are bold. These goals are underpinned by a large hydropower fleet (accounting for around 60% of electricity generation), including 5.6 gigawatts (GW) of pumped hydro storage and a nationwide smart meter roll-out. Austria has the highest share of renewable energy in electricity consumption in the European Union…
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Global Hydrogen Review 2026 Production
…are expected for 2026, but several have been postponed due to delays in CCUS infrastructure.Investment momentum slowed in 2025. New final investment decisions (FIDs) dropped below 0.8 Mtpa after two consecutive years at around 1 Mtpa. Recent policy developments in China can reinvigorate investment, but lack of demand and regulatory barriers lead to an uncertain outlook in the rest of the world.Committed production grew by 3%, reaching 4.3 Mt by 2030, which could increase to more than 6 Mt if projects with strong potential to be operational by 2030 reach FID in 2026 or 2027. However, the project pipeline shrunk…
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Pledges to Progress 2025 Executive summary
At COP28, more than 50 of the world’s leading oil and gas companies launched the Oil and Gas Decarbonization Charter (OGDC), laying out a series of ambitions to achieve net zero operational emissions by 2050. As global methane and flaring emissions continue to rise, these ambitions are more important than ever to reduce energy waste and mitigate the harmful consequences of climate change.To support accountability and transparency, the International Energy Agency (IEA), the United Nations Environment Programme (UNEP) International Methane Emissions Observatory (IMEO) and the Environmental Defense Fund (EDF) set out a framework of 25 metrics to assess and track…
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Breakthrough Agenda Report 2025 Building
State of the transition Emissions Sectorial CO2 emissions trends have been fairly stable since 2018.Efficiency gains in buildings are improving energy use, but rising ownership of appliances and extreme weather increasingly offset these benefits.Emissions intensity of steel and cement is largely the same as 2020, while global construction activity has slowed in recent years. Cost Investment in building energy efficiency has risen over the past decade, but growth is now stalling, while spending on electrification grows steadily.High-efficiency building envelopes often entail higher upfront costs, constraining uptake in markets without dedicated financial support mechanisms.Strengthening the business…
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- Power
- Hydrogen
- Road transport
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Breakthrough Agenda Report 2025 Executive summary
…Every year since their adoption, the Breakthrough Agenda reports have outlined the conditions necessary to achieve the 2030 goals, assessed the state of international collaboration in high GHG-emitting sectors, and provided recommendations on actions to accelerate energy transitions. These annual recommendations help to outline collaborative efforts over the course of the year.Translating the Breakthrough Agenda goals into action requires a shared and measurable vision of success. While annual recommendations identify the near-term actions needed to reach those goals, this year we are suggesting “success statements” for each sector that provide additional insight on what it means to…
- Executive summary
- Power
- Hydrogen
- Road transport
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Critical Mineral Traceability for Energy and Economic Security Executive summary
…requirements linked to responsible production and conditions attached to public finance and procurement.The IEA and the OECD conducted a joint survey on traceability with more than 80 respondent companies active in critical mineral supply chains. Based on insights from the survey, this report sets out the current state of play and identifies priority actions to strengthen the role of traceability in supporting energy and economic security. The OECD is set to release a separate report on the role of traceability in supporting resilient and responsible supply chains.Companies have begun implementing traceability systems, but uptake remains uneven across minerals…
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Global EV Outlook 2026 Trends in electric cars
Electric car sales Electric car sales topped 20 million globally in 2025 One in four new cars sold worldwide was electric in 2025The electric car market reached new highs in 2025, growing by 20% from 2024 to exceed 20 million sales, in line with expectations in the 2025 edition of the Global EV Outlook. The sales share of electric cars in the overall car market increased to 25%. This marked the fifth consecutive year in which annual electric car sales increased by about 3.5 million, a trend that began in 2021 after the Covid‑19 pandemic. As a result, about 5% of the…
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Global EV Outlook 2026 Manufacturing and trade
Manufacturing and trade of electric cars Global electric car output reached record levels in 2025 while European production rebounded Nearly 22 million electric cars were produced globally in 2025 – up more than 25% compared to the previous year. Of those, about one-quarter were traded between major production and demand centres. China remains the world’s largest hub for manufacturing and trade of electric cars, capturing nearly 75% and 40% of the respective global totals. Primarily led by domestic carmakers, China’s 2025 production of 16 million electric cars outstripped domestic demand by 20%, pushing Chinese electric car exports to double to…
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Renewables 2022 Transport biofuels
…Finland high fuel prices prompted the government to temporarily lower its renewable distribution obligation for 2022/23. Sweden froze 2023 greenhouse gas targets for transport fuels at 2022 levels. However, 2030 targets remain unchanged. Robust growth over the next five years will help meet climate and energy security goals Total global biofuel demand expands by 35 000 MLPY or 20% over 2022-2027 in the main-case forecast. Growth in renewable diesel and biojet fuel consumption is almost entirely in advanced economies. Here, policies designed to reduce GHG emissions are driving demand because these fuels can be produced with low…
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Scaling Up Transition Finance Sectoral insights
…unlock high-impact projects that lower emissions and avoid or mitigate other impacts, guided by practical KPIs.Natural gas: Natural gas is set to remain a part of the global energy mix for many decades but the applicability of transition finance to gas varies by country and sector and over time. Priority should be placed on front-loading methane abatement, reducing emissions from liquefied natural gas (LNG) liquefaction providing infrastructure for low-emissions gases and helping, alongside other technology options, plants to provide flexibility for electricity systems, under transparent, time-bound plans that align with national energy and climate strategies.
