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            • Oil Market Report - June 2026

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              Flagship report — 12 November 2025

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                • Fuel report

                • Jun 2026

                Global Hydrogen Review 2026 PolicyPolicy

                A total of USD 41 billion in public funding has been identified in policy updates made since the Global Hydrogen Review 2025 (GHR-25). Nearly two-thirds of this funding is linked to legislation in force and almost 25% has already been disbursed to projects, triggering final investment decisions (FID). As in GHR-25, most of the funding comes from advanced economies and for every dollar going to demand, about 1.5 dollars go to supply.The number of national hydrogen strategies has stabilised at 66 globally, and recent updates have focused either on implementing strategy actions (Brazil, Mauritania, Romania) or revising targets…

                • Executive summaryExecutive summary
                • Progress summary dashboardProgress summary dashboard
                • Key questions about hydrogenKey questions about hydrogen
                • DemandDemand
                • + 6 pages

                photo depicts Aerial view of oil storage tank and steel pipeline at night, oil storage tank, petroleum petrochemical refinery product, oil pipeline transportation system, steel pipeline to the oil refinery industry.
                • Fuel report

                • Jun 2026

                Global Hydrogen Review 2026 Trade and infrastructureTrade and infrastructure

                …pipeline length has increased by 70%. Activity remains concentrated in Europe and China, which saw major milestones in 2025, as China began construction of the world’s longest hydrogen pipeline, and Germany completed the world’s longest repurposing of a natural gas pipeline.Announced underground hydrogen storage projects could provide 11 TWh of capacity by 2035 (335 kt H₂), but just over 7% has reached final investment decision (FID) or is under construction, equivalent to 0.6% of the estimated throughput from committed low-emissions hydrogen projects. Large-scale salt caverns are in construction in the United States, Germany and China.Around 170 ammonia…

                • Executive summaryExecutive summary
                • Progress summary dashboardProgress summary dashboard
                • Key questions about hydrogenKey questions about hydrogen
                • DemandDemand
                • + 6 pages

                photo depicts Aerial view of oil storage tank and steel pipeline at night, oil storage tank, petroleum petrochemical refinery product, oil pipeline transportation system, steel pipeline to the oil refinery industry.
                • Country

                Australia

                Established under the 2022 Climate Change Act, Australia's climate goals include doubling emissions reductions by 2030 and reaching Net Zero emissions by 2050, while ensuring a just and inclusive energy transition through the guidance of the Net Zero Authority under the Prime Minister’s office. By 2030, the government aims to reach the clean electricity target of 82% of renewable energy. In addition to this target, Australia is implementing a new 2030 critical minerals strategy and gas market reforms to boost energy security during the transition. Flexibility, fuel availability and resilient infrastructure will become even more vital as Australia…

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

                Australia Flag
                • Policy report

                • Oct 2025

                Scaling Up Transition Finance What is transition finance?What is transition finance?

                …covered. Over the next decade, the amount of investment that can be supported by transition finance is approximately USD 5 trillion of cumulative investment in the Announced Policies Scenario (APS) and approximately USD 4 trillion in the Net Zero Emissions by 2050 (NZE) Scenario, or USD 400-500 billion per year. Over half of those investments would be in EMDE, spanning energy efficiency, selected low-emissions technology across different end-use sectors, and some investments in natural gas infrastructure, gas-fired power, critical minerals, and other areas.The core of transition finance lies in its dynamic nature, shaped by the diversity of national energy pathways, the…

                • Executive SummaryExecutive Summary
                • What is transition finance?What is transition finance?
                • Sectoral insightsSectoral insights
                • Financial institutions and transition financeFinancial institutions and transition finance
                Scaling up Transition Finance hector j rivas 1FxMET2U5dU unsplash
                • Flagship report

                • Nov 2025

                World Energy Outlook 2025 Setting the sceneSetting the scene

                …defined outcomes. The Net Zero Emissions by 2050 (NZE) Scenario maps out an updated global pathway for the energy sector to achieve net zero CO2 emissions by 2050. An additional scenario, the Accelerating Clean Cooking and Electricity Services Scenario (ACCESS), is introduced in this WEO, setting out a data-driven roadmap to achieve universal access to electricity and clean cooking.   Global energy demand and emissions continue to grow Global demand has grown by nearly 60% since 2000, with all the increase coming in emerging market and developing economies. All major energy sources grew over the period. Energy technology d...

                • Executive summaryExecutive summary
                • Overview and key findingsOverview and key findings
                • Setting the sceneSetting the scene
                • Current Policies ScenarioCurrent Policies Scenario
                • + 5 pages

                GettyImages 2157213934
                • Flagship report

                • Nov 2025

                World Energy Outlook 2025

                The IEA’s flagship World Energy Outlook (WEO) is the most authoritative source of global energy analysis and projections. Updated annually to reflect the latest energy data, technology and market trends, and government policies, it explores a range of possible energy futures and their implications for energy security, access and emissions. The WEO covers the whole energy system, using a scenario-based approach to highlight the central choices, consequences and contingencies that lie ahead. It includes exploratory scenarios that flow from different assumptions about existing policies, as well as normative pathways that achieve energy and emissions goals in full. The multi…

                • Executive summaryExecutive summary
                • Overview and key findingsOverview and key findings
                • Setting the sceneSetting the scene
                • Current Policies ScenarioCurrent Policies Scenario
                • + 5 pages

                GettyImages 2157213934
                • Topic

                COP28: Tracking the Energy Outcomes

                …For the first time, governments explicitly recognised that to achieve this target, energy-related emissions need to reach net zero by 2050, and they set key goals to help meet this objective – including tripling global renewable energy capacity and doubling global energy efficiency improvements by 2030, and deploying emerging technologies, such as low-emissions hydrogen and carbon capture.The IEA, in collaboration with the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, is tracking progress towards the energy objectives established at COP28. This forms part of our broader work, at the request of governments, to support the full and…

                • Flagship report

                • Nov 2025

                World Energy Outlook 2025 Overview and key findingsOverview and key findings

                Ten questions on the future of energy The Stated Policies Scenario (STEPS) and the Current Policies Scenario (CPS) present two views on how the energy system may evolve, building on different assumptions regarding today’s policies and technologies. Both scenarios see continued increases in energy demand to 2050, albeit at different speeds, with emerging market and developing economies driving the increase, led by India and Southeast Asia.  Differences in the pace at which new technologies are brought into the energy system are reflected in the trajectories for fossil fuels. In the CPS, oil and natural gas demand continue to grow…

                • Executive summaryExecutive summary
                • Overview and key findingsOverview and key findings
                • Setting the sceneSetting the scene
                • Current Policies ScenarioCurrent Policies Scenario
                • + 5 pages

                GettyImages 2157213934
                • Country

                Morocco

                The government has stepped up its role in international action on climate change, ratifying the Paris Agreement, setting a new national climate policy and hosting the United Nations Conference of Parties (COP22) summit in Marrakesh in 2016.
                The development of renewables is helping to improve energy security as well as deliver on Morocco’s clean energy and climate change commitments. Morocco is making strong progress towards affordable, reliable, sustainable and modern energy in line with the United Nations Sustainable Development Goals (SDG 7). The government has achieved almost full access to electricity for its rural population, and it is developing…

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

                Morocco Flag
                • Country

                Canada

                …emissions by 2050. Canada’s energy and economic profile presents both challenges and opportunities to achieving these targets given its profile as a major producer, consumer and exporter of energy. Energy production and use in Canada accounts for over 80% of the country’s GHG emissions, with oil and gas production alone accounting for around a quarter. Canada’s electricity system is already among the cleanest in the world, with heavy dominance of hydropower as well as an important role for nuclear. Canada has put in place several policy measures to achieve its climate targets, including a carbon pricing scheme.

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

                Canada Flag
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