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Fossil Fuels Consumption Subsidies 2022
The IEA has been tracking fossil fuel subsidies for many years, examining instances where consumer prices are lower than the market value of the fuel itself. Our systematic analysis highlights the magnitude of these subsidies, and the potential benefits of their removal for energy markets, climate goals and government budgets. This report provides our first estimates for 2022, which show that global fossil fuel consumption subsidies doubled from the previous year to an all-time high of USD 1 trillion.The Glasgow Climate Pact emphasized that phasing out fossil fuel subsidies is a fundamental step towards a successful clean energy…
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Northwest European Hydrogen Monitor 2025
Northwest Europe is at the forefront of low-emissions hydrogen development. This region accounts for around 40% of Europe’s total hydrogen demand, and it has vast and untapped renewable energy and carbon storage potential in the North Sea. It also has a well-developed, interconnected gas network that could be partially repurposed to facilitate the transmission and distribution of low-emissions hydrogen from production sites to demand centres.The development of the low-emissions hydrogen market in Northwest Europe could gradually scale up in the short- to medium-term. Northwest European countries now have ambition to develop up to…
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IEA at COP27: A cleaner power sector by 2030 - Scaling renewable and storage-based systems
Background information Egypt Time, GMT +2: 2:00 PM-3:00 PMThis Implementation Lab on Energy Day of COP27 will showcase the renewable energy-based technology mix that will enable decarbonization of the global electricity system. We are at an unprecedented moment of cost-competitiveness, investment and technological maturity of grid-scale renewable energy. This Lab will examine how wind-solar-storage based systems are scaling up in countries around the world, bringing together policymakers, supply-side industry and civil society to showcase the progress that has been made and the key roadblocks to scaling these systems by 2030. This…
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Energy Policies of IEA Countries: Netherlands 2008
Energy Policy Review Energy Policies of IEA Countries: Netherlands 2008 The energy policies of the Netherlands play an important role in ensuring energy security not only on a national level but in all of north-west Europe. The country’s strategic location makes it an important transit and trade hub for natural gas, oil and electricity. Furthermore, it has important natural gas production and a large oil refining industry. To enhance continental energy security, the government takes a leadership role in natural gas and electricity market development, pushing forward important policies to better integrate and harmonise the existing national and…
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Experimental Indicators of the Clean Energy Transition
The data explorers below present a wide ranging set of experimental indicators that help to assess the clean energy transition from different perspectives including entrepreneurship, Google searches, and real-time data on electricity generation. An indicator on corporate R&D is under development.
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Executive Director meets with Czech Minister of Industry and Trade
PRAGUE – Dr Fatih Birol, the International Energy Agency’s Executive Director met with Czech Minister of Industry and Trade Mr Tomáš Hüner in Prague today, and reviewed developments in global energy markets and their implications for the Czech Republic.Minister Hüner highlighted the unbiased, all-fuels analysis of the IEA. Dr Birol noted that the IEA is opening its doors to major developing countries, as no country is an energy island and all countries need each other for a clean and secure energy future. Dr Birol and Minister Hüner discussed the need for all energy sources in a clean energy…
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IEA Scoreboard 2011
On the occasion of its 35th Anniversary in 2009, the International Energy Agency published the first edition of the IEA Scoreboard focusing on 35 Key Energy Trends Over 35 Years. In parallel, the IEA published Implementing Energy Efficiency Policies: Are IEA Member Countries on Track? Both publications found that although IEA member countries were making progress in implementing energy efficiency, more work is needed. In the 2011 edition of the Scoreboard, the IEA has decided to focus on energy efficiency. The publication combines analysis of energy efficiency policy implementation and recent indicator development. The resulting IEA Scoreboard 2011 provides a…
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Oil Market Report - January 2023
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand is set to rise by 1.9 mb/d in 2023, to a record 101.7 mb/d, with nearly half the gain from China following the lifting of its Covid restrictions. Jet fuel remains the largest source of growth, up 840 kb…
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Global Energy Review 2020 Context: A world in lockdown
The coronavirus pandemic has triggered a macroeconomic shock that is unprecedented in peacetime. As of the 28th of April, the World Health Organization reported 3 million confirmed cases and over 200 000 deaths due to the illness, affecting almost 200 countries and territories. A peak in the number of cases has been observed in only a handful of countries so far. To slow the spread of the virus, governments across the world have imposed restrictions on most social and economic activities. These include partial or complete lockdowns, daytime curfews, closure of educational institutions and non-essential businesses, and bans on…
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IEA hails historic launch of carbon capture and storage project
The International Energy Agency (IEA) today welcomed the launch of the world’s first large-scale power station equipped with carbon capture and storage (CCS) technology, calling it a historic milestone along the road to a low-carbon energy future.The 110MW retrofit of SaskPower’s Boundary Dam coal-fired power plant in Saskatchewan, Canada will trap around 1 million tonnes of carbon dioxide (CO2) per year. The captured CO2 will be injected into nearby oilfields to enhance oil recovery. The plant began capturing CO2 in September and was due to be inaugurated this week.IEA Executive Director Maria van der Hoeven…