• Fuel report

        • May 2026

        Financing the Modernisation of Power Systems Beyond Coal Executive summary

        The role of coal in power systems is evolving This report assesses the potential applications, limitations and relevance of transition credits in Southeast Asia. Coal is the largest source of power generation worldwide and the largest source of energy-related carbon dioxide emissions. All Southeast Asian countries with coal in their power generation mix have adopted commitments to reduce coal-fired generation or emissions targets that imply a significant decline in coal consumption in the coming decades. To meet these targets, the International Energy Agency (IEA) has long emphasised that a range of strategies can be deployed to reduce coal…

        Scenic view Mae Mo coal power station at dawn GettyImages 2240035334

        • Country

        Bulgaria

        Bulgaria adopted The Energy from Renewable Sources Act in 2011. The Act regulates the generation and consumption of energy from renewable sources with the aim of achieving the national targets in terms of renewable energy use in final gross energy consumption.

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        • Country

        Georgia

        Georgia has developed an energy sector based largely on hydropower and fuelwood, in addition to imports of fossil fuels. It is also an important transit country for the region, with major oil and gas pipelines running across Georgian territory. Efforts are required to improve energy efficiency and capitalise on the country’s renewable energy potential.
        Georgia has made solid progress in the past decade, both in improving the security of its energy supply and in transitioning to a cleaner, more sustainable energy system. Although Georgia is still confronted with many challenges in its transition to a more secure, sustainable and…

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        • Country report

        • Jan 2026

        Chile 2050 Energy Transition Roadmap

        World Energy Outlook Special report Chile has made significant strides in its energy transition, towards its ambitious long-term goals and it stands at a pivotal moment in its energy journey, possessing remarkable renewable and critical mineral resources. The Chile 2050 Energy Transition Roadmap, produced at the request of the Government of Chile, and in close collaboration with the Chilean Ministry of Energy, sets out a detailed pathway for the country to reach its legally binding goal of net zero emissions by 2050 while expanding economic growth and improving energy security and affordability. This pathway relies on four pillars: accelerating…

        High voltage power lines cross the altiplano of Atacama Desert Chile shutterstock 2653841561

        • Country

        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…

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        • Country

        Finland

        Finland has one of the most ambitious climate targets, a legal obligation to reach carbon neutrality by 2035. It is making progress towards this target and has one of the lowest levels of reliance on fossil fuels among IEA member countries. Finland’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. A continued push towards the energy transition is needed, as imported fossil fuels still account for over one-third of energy supply and cover higher shares in transport and key industries.

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        • Country

        Ghana

        In Ghana, electrification rates have gradually increased over the past 20 years, reaching almost 85% in 2017 and building on successful electrification plans. The country relies on a diversified energy mix and hosts the largest hydropower project of the Western African region.

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        • Country

        Armenia

        Imports of oil and gas cover 77% of Armenia’s energy needs. Current energy policy is focused on developing indigenous energy sources, mainly renewable, and on replacing the country’s main nuclear reactor. Energy Efficiency policy has also become a bigger priority as energy security and reliability remain key focus areas. Armenia is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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        • Fuel report

        • Jul 2025

        Coal Mid-Year Update 2025

        Coal’s role in the global energy system today remains significant. Over the past decade, the world’s demand for coal has stayed relatively stable, apart from a temporary drop during the Covid-19 pandemic and the rapid rebound that followed. Today, global coal consumption, power generation, production and trade are all at record levels.In many countries, coal continues to be the leading source of electricity generation, helping to meet growing energy needs. These trends carry major implications for energy security, affordability and sustainability, especially as coal remains the single largest contributor to energy-related carbon dioxide emissions. While…

        Shutterstock 2575296765 Coal Mid Year Update 2025

        • Country

        Bangladesh

        In Bangladesh, electricity is available for 85% of the population, up from 20% in 2000. Gas accounts for the majority of the country’s electricity production, even though wind, hydropower and solar PV shares are growing. Bangladesh has also implemented energy policy incentives towards the deployment of renewables.

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