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Global Energy and Climate Model Net Zero Emissions by 2050 Scenario (NZE)
…Since 2021, the IEA has updated its NZE Scenario each year, in line with changes in real world investment, technology developments and greenhouse gas (GHG) emissions.Three inter-related trends have marked the last several years:Energy sector emissions have continued to set record highs.Progress in deploying low-emissions technologies and increasing energy efficiency has been very rapid in some cases but is uneven across sectors and countries.The context in which governments and energy companies are operating remains complex and challenging, marked by features such as increasing geopolitical fragmentation, high government debt burdens, and rising levels of concern about…
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Natural Gas
The coming LNG wave is set to profoundly transform the global gas market
Global gas markets, which have been tight and volatile for several years, are set to undergo major changes by the end of this decade. The unfolding coming wave of liquefied natural gas (LNG) production capacity is set to rebalance the global gas market, enhance energy supply security and improve the affordability of natural gas.
About 300 billion cubic metres (bcm) per year of LNG export capacity – a record – is set to be added by 2030, primarily supported by liquefaction capacity additions in the United States and Qatar…
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Electricity Mid-Year Update 2025
…continues to grow, with all set to reach new milestones.This mid-year update follows the extensive Electricity 2025 report released in February, examining the latest trends and the outlook for the remainder of the year. It includes updated data for 2024 along with new forecasts for 2025 and 2026 covering areas such as global electricity demand, supply by fuel type, and carbon dioxide (CO2) emissions from electricity generation. The report also analyses the latest developments in major economies including China, the European Union, India and the United States and provides updated tracking of wholesale electricity prices across markets worldwide.
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World Energy Outlook 2022 Outlook for energy demand
The current energy crisis is reshaping previously well-established demand trends. Industries exposed to global prices are facing real threats of rationing and are curbing their production. Consumers are adjusting their patterns of energy use in response to high prices and, in some cases, emergency demand reduction campaigns. Policy responses vary, but in many instances they include determined efforts to accelerate clean energy investment. This means an even stronger push for renewables in the power sector and faster electrification of industrial processes, vehicles and heating. As many of the solutions to the current crisis coincide with those needed to meet…
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Chile
Chile’s energy policy has evolved dynamically in recent years. In response to changes in the domestic and international environment, significant institutional and policy reforms as well as major infrastructure projects have been carried out. In 2022, Chile’s Ministry of Energy published an update to its the Long-Term Energy Policy (PELP, first published in 2015), which re-emphasises the pledge to net-zero, laying out a clear decarbonisation pathway that addresses all sectors of the national economy.
Based on its excellent renewable energy resources, Chile has taken a globally leading role in clean energy, and emerged as a…- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Korea 2025 Executive summary
…of Ukraine propelled carbon neutrality and energy security to the forefront of Korea’s energy policy. Despite robust growth in gross domestic product (GDP), Korea has managed to stabilise and reduce its greenhouse gas (GHG) emissions in recent years following a peak around 2018. Nonetheless, it faces challenges in fully decoupling emissions from economic growth. Notable among these challenges is the continued reliance on coal and the need for further expanding renewable energy technologies.Addressing Korea’s challenges will require sustained policy efforts, domestic and international co-operation, and technological innovation. In 2021, the Framework Act on Carbon Neutrality and…
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Germany 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions and combatting the climate crisis. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Germany and the IEA. It draws…
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Breakthrough Agenda Report 2025 Power
State of the transition Emissions Global emissions from electricity generation rose by 1.2% in 2024 to around 13.9 Gt of CO2, following an increase of 1.6% in 2023.The global emissions intensity of electricity generation is on a contracting trend, with a record 3% reduction in 2024 compared to 1% in 2023. This improvement reflects the rapid growth in renewable energy and nuclear electricity production relative to rising demand. Cost On an levelised cost of electricity (LCOE) basis, renewables remained the most cost-competitive option for new electricity generation in 2024.Onshore wind remained the most affordable…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Energy Transition Review for Enhancing Co-operation
The Philippines’ power sector This report is part of ongoing IEA collaboration with Asia Zero Emission Community (AZEC) partners to better understand the particular challenges these partners face in their energy transition and to provide a platform for co-operation among the AZEC partners. The report seeks to build a shared understanding of the challenges and opportunities facing the Philippine power sector, and to identify practical pathways that can help to strengthen its energy security, improve affordability and enable the country to achieve its long-term clean energy goals.This review has been prepared in collaboration with the Department of Energy…
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Global Energy and Climate Model Stated Policies Scenario (STEPS)
The Stated Policies Scenario (STEPS) has a long pedigree in the International Energy Agency (IEA) family of scenarios. It was introduced in 2019 with this name, but it has much in common with the previous New Policies Scenario that dates back to the 2010 edition of the World Energy Outlook (WEO). The intention of this scenario is to reflect the prevailing direction of travel for the energy system based on a detailed reading of the latest policy settings in countries around the world. It takes into account specific energy, climate and related industrial policies that have been adopted or put…
