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Global EV Outlook 2025 Trends in heavy-duty electric vehicles
…in 2024, although they have almost tripled compared to 2020. As electric bus sales have increased in a range of countries, China’s share of global sales has fallen from around 99% in 2017 to less than 70% in 2024. Although electric bus sales in China generally declined from 2017 to 2023, the electric bus sales share has remained relatively stable, hovering around 60%. In Europe, the world’s second-largest market for electric buses, sales increased by almost 15% in 2024, bringing the sales share to more than 13%. Several countries, including Denmark, Finland, the Netherlands and Norway, now…
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Multiple Benefits of Energy Efficiency for Business Health and well-being
Energy efficiency can improve working conditions, increase employee productivity and reduce sick leave Energy efficiency improvements can enhance working environments and worker health. By reducing waste heat, air pollutants and other process inefficiencies, they lower health and safety risks while improving comfort and working conditions.In manufacturing, these effects can be direct. For example, in electronics manufacturing, conventional soldering requires thermal pre-heating cycles that exposes workers to high ambient heat as well as safety risks. Replacing this with induction heating enables localised heating of the material, reducing energy demand by around 70% while eliminating heat stress and safety hazards…
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Global Hydrogen Review 2026 Key questions about hydrogen
…long-term contracts, and help to diversify energy sources and trading partners. Hydrogen can also improve the resilience of the system by providing additional assets that could be used to satisfy energy demand during supply disruptions.Hydrogen can be used in multiple applications, which allows governments to adapt its use to their national contexts. In addition, the multiple conversion steps in the hydrogen supply chain mean there is additional flexibility in the degree of domestic production for each of these steps. Nevertheless, the use of hydrogen to enhance energy security also introduces a trade-off with cost, since low-emissions…
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Coal Mid-Year Update 2025 Prices
…coal producers. International thermal coal prices fall amid reduced demand from China After the historic price spikes and extreme volatility of 2022, global thermal coal markets entered a phase of significant correction in 2023. This shift was driven by a combination of expanding supply, softening natural gas prices, reduced concerns over energy security, and the realignment of trade flows in response to sanctions on Russian coal exports. The ARA and Newcastle FOB price benchmarks began to decline from late 2022, reflecting a broader rebalancing of market fundamentals.In 2023 and 2024, thermal coal prices peaked at European ports, reaching approximately…
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Ramping up Heat Pumps in Moldova: A Roadmap Executive summary
…than 80% of its primary energy. Securing reliable natural gas and electricity supplies has long been its main energy security challenge. Replacing natural gas-fired heating technologies with heat pumps would improve the country’s energy security. The recent expansion of Moldova’s solar and wind capacity also means that heat pumps can now play a greater role in cutting greenhouse gas emissions and lowering local air pollution. Finally, Moldovan’s 2024 referendum, endorsing the goal of European Union membership, underscores the country’s commitment to European integration. Outlining an effective path to decarbonise energy use is a prerequisite for…
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Global Hydrogen Review 2025 Southeast Asia
…ore reserves, and for the Philippines and Thailand, which rely heavily on steel imports to meet demand. Hydrogen-based steel could contribute to satisfying the expected regional steel demand growth, but faces competition from China. In the maritime sector, more than 85% of total energy demand is from international shipping in Singapore, which is pursuing a multi-fuel strategy, performing trials and defining technical standards for ammonia and methanol bunkering. In aviation, demand is concentrated in a few airports, so supplying these with synthetic fuel could make large strides towards decarbonisation.Near-term actions include prioritising renewables deployment, which could…
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Sustainable Transport for Georgia: A Roadmap Transport in Georgia: Taking stock
…53%, while the population is steadily aging due to lower fertility rates and emigration. Younger Georgians are increasingly moving to cities, concentrating economic activity in urban areas.Economic gains have been broadly shared: average real incomes rose by nearly 50% from 2009 to 2019, and combined declared income plus social assistance for vulnerable groups increased by 86%. Real energy tariffs decreased – household electricity by 14.4% and natural gas by 20% – while access expanded. These improvements, together with a competitive business environment, a strategic location and strong institutional reforms, have positioned Georgia to capitalise on its economic, energy and transpo...
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Global Hydrogen Review 2026 Cost acceptability
…energy costs, making it the sector most affected by carbon pricing.In the absence of policy support, the maximum acceptable hydrogen cost is below USD 2/kg for most combinations of sectors and regions. For steel production, the hydrogen cost must be negative (i.e. would require incentives) to reach parity with the incumbent route.Carbon pricing can increase the maximum acceptable hydrogen cost across regions and sectors with high impact on demand. Quotas can create demand certainty but are not widely used. Even with policy incentives, the cost gap is not closed in most regions and applications. Only China would…
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Global Hydrogen Review 2026 Trade and infrastructure
Trade remains a key driver of low-emissions hydrogen projects, and would underpin over 40% of announced volumes by 2030 if all projects materialise. Less than 8% of this, around 1 Mtpa H₂-eq (hydrogen equivalent), comes from projects that are operational, in construction, or have committed investments, compared with around 16% across the overall project pipeline.First shipments of low-emissions hydrogen are taking place, enabling trials of logistics and certification approaches. Long-term bilateral contracts dominate, particularly for ammonia and ammonia-derived fertilisers, while hot briquetted iron (HBI) is gaining prominence.Announced hydrogen pipeline projects, including new and repurposed natural…
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Global Critical Minerals Outlook 2025 Innovation in mining, refining and recycling to promote diversification
…improve the energy efficiency of production processes, and reduce water consumption, waste generation and emissions all along the supply chain. These innovations can help achieve various policy goals: improving security of supply, enhancing production and operational efficiency, boosting yield rates, lowering environmental and social impacts, and shortening project timelines. A range of emerging innovations hold the potential to transform mineral production. Examples include the lowering of energy and capital intensity of rare earths production by leveraging ionic adsorption clay deposits (IAC); boosting overall supply levels for lithium through the commercialisation of direct lithium extraction (DLE); reducing energy and emissions intensity…
