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Scaling Up Transition Finance
Scaling Up
Transition
Finance Actions by emissions-intensive sectors, companies and countries are crucial to placing the world on a sustainable pathway. Yet investments that could deliver meaningful reductions in their environmental footprint often do not receive sufficient financial support. Currently, finance is drawn heavily to certain “green” assets and activities. While vital, these investments alone cannot deliver all the changes needed to cut global emissions, especially in areas where clean technologies are not yet commercially available or cost-competitive. This is where transition finance comes in: it can help emissions-intensive countries, companies and sectors shift over time towards…
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Renewables for Industry
Electrification of low-temperature heat and steam Industry is responsible for 30% of global energy consumption, most of which is supplied by fossil fuels. The focus of industrial decarbonisation has largely been on the steel and cement sectors, but significant potential also exists in less energy-intensive sectors such as food and beverages, textiles, chemicals, paper, and other manufacturing activities. These sectors offer some of the most immediate and cost-effective opportunities for industrial decarbonisation and diversification of energy sources. Commercially available electric technologies – including heat pumps, electric boilers and resistance heaters – can meet most heat demand in these subsectors…
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Household Energy Affordability: Data and Indicators
A methodological framework for national monitoring Effective policy requires robust monitoring of household energy affordability, yet no unified methodological approach currently exists. The upcoming IEA report Household Energy Affordability: Data and Indicators, to be published in July, addresses this gap. This executive summary presents its key elements, including a robust methodological framework structured around dimensions, indicators and data to support policy discussions and national monitoring efforts.
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Oil Market Report - June 2025
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 World oil demand is forecast to increase by 720 kb/d in 2025. This is marginally below last month’s estimate, as weak 2Q25 deliveries in the United States and China undercut resilience elsewhere. Growth in 2026, at 740 kb/d, will be held back by…
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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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Breakthrough Agenda Report 2025 Road transport
State of the transition Emissions Road sector emissions were just over 6 Gt CO₂ in 2024, 8% higher than in 2015. Growth averaged only 0.2% annually from 2019 to 2024, down from 1.7% per year between 2015 and 2019.Over 60% of road emissions are from passenger cars or vans, followed by trucks (about one-third), and buses and 2/3 wheelers just 7%.Since 2015, emissions in emerging economies (excluding China) have risen sharply, at over 18%, compared to 2.5% in the rest of the world. Cost Closing the purchase price gap between electric and conventional…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Gaining an Edge Summary for policymakers
Energy efficiency delivers more than energy savings and emission reductions – it can also improve the competitiveness of countries and firms. From increased profitability to job creation, energy efficiency helps firms compete amid high costs, growing demand, and rising trade pressures. In today’s global context, energy efficiency is not only a matter of energy policy, but also of economic policy.Today the world’s industries can produce nearly 20% more value for a given amount of energy than they could two decades ago. This progress has yielded significant benefits at the country level. G20 countries have doubled their economic output…
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World Energy Outlook 2025 Setting the scene
Context and scenario design All sources of energy increased in 2024 to meet the world’s rising energy needs. Electricity use expanded rapidly across a range of sectors. Deployment of renewable power generation again broke records in 2024, meeting more than 70% of the increase in electricity demand. Consumption of each of the fossil fuels rose. Global energy-related carbon dioxide (CO2) emissions reached another all-time high. The energy sector faces many uncertainties. The global economy is projected to grow at an average rate of 3% in the 2024-2030 period, but changes in the global policy environment and…
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Oil Market Report - August 2025
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 projected to increase by 680 kb/d in 2025 and 700 kb/d in 2026, to reach 104.4 mb/d. Despite weaker-than-expected demand in China, India and Brazil in recent months, annual growth of 600 kb/d in 2Q25…
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Financing CCUS at Scale
How to Mobilise Private Capital Carbon capture, utilisation and storage (CCUS) is an important area of attention for governments and financiers as both look to balance policy and investment goals. Recent financial investment decisions of major projects show promise in a sector that is gaining momentum, but its future success depends on viable business models and effective risk allocation across the value chain.In this context, Financing CCUS at Scale is the IEA’s latest report on what it takes to move CCUS projects from the drawing board to operation. Building on expert interviews with leading financial institutions, the report…
