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Global Hydrogen Review 2024 Progress summary dashboard
Note: 2024e = Estimated based on announced projects. FID = Final Investment Decision.
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Sustainable Transport Policy for Armenia: A Roadmap Accelerating sustainable transport
…innovation-driven growth. Governance and improved data quality Armenia faces several institutional hurdles that complicate efforts to advance sustainable transport governance. While the 2019 merger of the former Ministry of Energy Infrastructures with the Ministry of Transport into the Ministry of Territorial Administration and Infrastructure (MTAI) has helped improve co-ordination on transport-related issues, high staff turnover threatens institutional memory and disrupts continuity. A lack of strong monitoring systems also makes it difficult to track policy implementation and measure progress.Co-ordination with the newly established Climate Policy Department within the Ministry of Environment remains limited – particularly on issues…
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Coal 2025 Prices and costs
Prices Coal prices averaging lower in 2025 than in previous years After unprecedented prices in 2021 and 2022 amid the energy crisis, coal prices continued to be higher than the pre-Covid levels throughout 2023 and 2024. Prices for different coal qualities generally move in tandem, as partial substitution is possible. Thermal coal is mainly consumed in power generation and in this section is classified into low-CV (CV below 4 200 kcal/kg), mid-CV (CV between 4 200 kcal/kg and 5 700 kcal/kg) and high-CV (CV above 5 700 kcal/kg) categories. In some cases, direct substitution between grades is feasible, and blending…
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- Demand
- Supply
- Trade
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Global Hydrogen Review 2026 Trade and infrastructure
…scale terminal for liquefied hydrogen imports.Pipelines are often the lowest-cost option for pure hydrogen transport where suitable routes are available and high utilisation rates can be achieved, while shipping can provide sourcing flexibility and use certain existing port infrastructure. However, where pure hydrogen is required at the point of use, shipping implies minimum costs of around USD 2/kg H₂ and energy use above 10 kWh/kg H₂, equivalent to over 30% of hydrogen’s energy content, due to intensive liquefaction or reconversion steps, such as ammonia cracking. Bilateral trade flows of low-emissions hydrogen by carrier, excluding projects at earlier stages…
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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 2025 Trade and infrastructure
Highlights Trade is a major driver of project announcements. Nearly 45% of low-emissions hydrogen from announced production projects is intended for export, exceeding 16 Mtpa H₂-eq by 2030 if all materialise. Yet export-oriented projects are less likely to reach the investment stage, with only 5% having done so. These projects tend to be large scale, lacking off-takers. More than half are in emerging and developing economies, where affordable capital and export infrastructure may be limited.Some governments are supporting the large-scale offtake of low-emissions hydrogen by providing funds for long-term premiums through competitive auctions. However…
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Rare Earth Elements Executive summary
…geological deposits to refined products and permanent magnets. These stages include extraction, beneficiation, chemical upgrading, separation into oxides, metal refining, alloying and magnet manufacturing. After extraction, ores are crushed and milled to liberate minerals, which are then concentrated. Separation – the technical core of processing – converts mixed rare earth feeds into individual oxides. Refined oxides are then transformed into metals, and then into alloy powders, the primary inputs for magnet production.Among the strategic minerals analysed by the International Energy Agency (IEA), rare earths exhibit one of the highest levels of geographical concentrations across the value chain. In 2024, the Pe...
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Coal Mid-Year Update 2025 Overview
Global coal demand grew by 1.5% in 2024, reaching an all-time high Global coal demand rose by 1.5% in 2024 to reach 8.79 billion tonnes (Bt), a new record. The growth was the slowest annual rate since the Covid-19 crisis in 2020 caused coal demand to decline. The post-Covid economic recovery and high natural gas prices have driven a sharp rise in global coal demand in recent years, but the growth has slowed year-on-year since 2021. Coal demand grew by 7.7% in 2021, 4.4% in 2022 and 2.3% in…
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Coal Mid-Year Update 2025 Demand
Global coal demand grew by 1.5% in 2024 to reach an all-time high In 2024, global coal demand increased by 1.5% compared with 2023, reaching a new all-time high of 8.79 Bt. This represents a continuation of the upward trend in coal consumption, albeit at a slower pace than growth rates of 4.4% in 2022 and 2.3% in 2023.The increase in 2024 was primarily driven by emerging economies in Asia, particularly China and India. China recorded the largest absolute growth, with demand rising by 82 Mt (1.7%) while India’s consumption…
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Sustainable Transport Policy for Armenia: A Roadmap Sustainable transport in Armenia
…and has been an observer to the EU Energy Community since 2011. Armenia joined the Eurasian Economic Union (EAEU) in January 2015 alongside Belarus, Kazakhstan and the Russian Federation (hereafter “Russia”) (Kyrgyzstan followed in August), and in March 2021, Armenia and the European Union signed a Comprehensive and Enhanced Partnership Agreement (CEPA), which established framework for political, economic and trade co-operation. Introduction to the Armenian energy and transport systems In 2023, Armenia’s total energy demand was 120 petajoules (PJ), with transport accounting for roughly one-third, or 37 PJ. Overall energy demand has risen by around 30% since…