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Multiple Benefits of Energy Efficiency for Business
Energy efficiency is often described as the “first fuel” because the cheapest and most secure energy is the energy that is not used. For businesses, this begins with a straightforward benefit: lower energy bills. In many cases, efficiency investments can pay back quickly through reduced energy costs alone. However, the value of energy efficiency extends beyond energy savings.This report builds on the IEA’s work on the multiple benefits of energy efficiency and focusses on how these gains materialise in businesses. Key benefits range from productivity and product quality improvements to brand image or health benefits for employees and…
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United Kingdom
The United Kingdom has been an early player in the energy transition, being among the first countries to set a net zero target by 2050 and to put in place carbon budgets. UK emissions have already fallen by around 50% since 1990, indicating a strong start. Looking ahead, an important pillar of the energy transition will be decarbonising the power sector through sizeable new investments in renewables and nuclear while also focusing on new technologies such as CCUS, hydrogen and small modular reactors. As a historic oil and gas producer, the UK is looking to address declining North Sea production…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Ensuring a Strong Labour Dimension for Just and Inclusive Energy Transitions Just and Inclusive Energy Transitions
Workers play a critical role in the global energy system, providing key services across many areas of the energy sector. To give a greater voice to the labour perspective in energy and climate policy discussions, the IEA Executive Director convened the Clean Energy Labour Council in 2022. The Labour Council is made up of representatives of the world’s most important national trade unions and trade union confederations, as well as prominent thinkers on the topic, to foster engagement between the IEA, energy policy makers, and the labour movement.One of the main topics for the IEA Clean Energy Labour…
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Businesses see competitive value of energy efficiency, but smaller firms struggle to access solutions
CEOs value energy efficiency, but SMEs struggle to benefit Energy efficiency is a strategic asset for industrial competitiveness. For companies facing tight margins, volatile energy prices and intensifying global competition, reducing energy waste is not only a cost-saving measure, but also a way to protect productivity, manage risk and strengthen their position in global markets. Yet not all firms have the same capacity to quickly improve their energy efficiency.New analysis of the 2025 IEA Industrial Competitiveness Survey – which covered 1 000 companies across 14 countries – shows that business leaders view energy efficiency as closely linked to their competitive performance…
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Global Critical Minerals Outlook 2025
…monitoring of their supply and demand extremely vital.The Global Critical Minerals Outlook 2025 includes a detailed assessment of the latest market and investment trends, along with their implications for critical minerals security. As in last year’s Outlook, it provides a snapshot of recent industry developments from 2024 and early 2025 and offers medium- and long-term projections for the supply and demand of key energy minerals, taking into account the latest policy and technology developments.The 2025 Outlook also explores key techno-economic issues such as policy mechanisms to support diversification; mineral supply chains for emerging battery technologies; recent innovations in mining, refining and recycling…
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Portugal 2026 Executive summary
…emissions reduction targets that aim to put the country on a pathway to climate neutrality by 2045. It also outlines measures to increase the deployment of renewable electricity and deliver broad end-use electrification. Portugal needs to translate its strategic objectives into co-ordinated delivery across all sectors. Although the NECP sets clear ambitions, the pathways for achieving these goals remain dispersed across separate strategies, regulatory reforms and funding programmes, which make it difficult to align investment planning, infrastructure development, workforce needs and consumer incentives. A national roadmap based on bottom-up sectoral agreements would integrate these efforts, increase transparency…
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Cyprus
Cyprus adopted the Law on the Promotion of Renewable Energy and Energy Efficiency in the early 2010s, which creates a fund that finances the premium tariff and other costs related to renewable electricity generation.
Note by the Republic of Türkiye (Türkiye): The information in this document with reference to Cyprus relates to the southern part of the Island. There is no single authority representing both Turkish and Greek Cypriot people on the Island. Türkiye recognises the Turkish Republic of Northern Cyprus (TRNC). Until a lasting and equitable solution is found within the context of United Nations, Türkiye shall preserve its…- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Accelerating Renewables Growth in ASEAN
Challenges and policy suggestions Eight of the 11 member states of the Association of Southeast Asian Nations (ASEAN) have adopted net zero emissions targets, and recent national energy plans outline substantially higher ambitions for renewable capacity. Achieving these goals will require timely, sustained and strongly co-ordinated policy action to unlock the scale of renewable energy deployment needed by 2030 and beyond.This report examines the key challenges hindering a faster capacity deployment of renewable power in ASEAN and outlines potential policy solutions informed by successful international experience. It also provides an assessment of renewable-energy auction design options, an…
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The energy crisis creates even stronger impetus for EU electrification
draft title Electrification is central to meeting the European Union’s goals on energy security, competitiveness, affordability, and emissions reductions. The closure of the Strait of Hormuz has highlighted the risks of over-dependence on imported fuels and concentrated supply routes, making the case for electrification even stronger.In the EU, around 70% of electricity generation is already supplied from domestic, low-emissions sources. And yet end-users (industry, buildings and transport sectors), source less than one quarter of their energy consumption from electricity. Today, around two-thirds of end-use energy consumption relies on fossil fuels, of which the…
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Thailand
Thailand’s energy policy focuses on reducing dependence on natural gas to enhance energy security. With the costs reduction of variable renewable energy, conventional Thai power generation starts giving way to alternative sources. The country’s energy policy must evolve to accommodate this change.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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