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            • Oil Market Report - June 2026

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                • Sector

                Industry

                Adopt mandatory CO2 policies covering industry and expand international co-operation
                Governments can promote CO2 emission reduction by adopting industry sector transition plans and mandatory emissions policies, such as a carbon price.Ideally, governments would make efforts to apply mandatory policies globally at a similar level, but if the strength of international action differs, measures such as carbon border adjustments could be considered in order to help prevent carbon leakage. Further participation in multilateral fora is needed to negotiate sectoral agreements and provide international finance to assist the transition in developing economies.
                Manage existing assets and near-term investments in…

                • Policy report

                • Apr 2026

                State of Energy Policy 2026 Energy efficiency and fuel switching regulationsEnergy efficiency and fuel switching regulations

                …15 years, from an annual rate of about 2.2% in the early 2010s to about 1% in 2024, alongside a general slowdown in industrial value-added growth.Minimum energy performance standards (MEPS) and fuel switching policies play an important role in improving energy efficiency by providing long time horizons for industry to develop and produce increasingly efficient new appliances and technologies. The first MEPS were enacted in 1975 in the United States and in 1979 in Japan as an immediate response to the oil crises of the 1970s, and in 1978 in the European Economic Community for water and space heaters. By 2025…

                • Executive summaryExecutive summary
                • Overview dashboardOverview dashboard
                • Government energy spendingGovernment energy spending
                • Energy efficiency and fuel switching regulationsEnergy efficiency and fuel switching regulations
                • + 1 pages

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                • Sector

                Renewables

                Ensure renewable energy policy stability and predictability
                For all renewable power and heat technologies, long-term targets and policy stability are essential to ensure investor confidence and continued growth. At the same time, policies need to adapt continuously to changing market conditions to achieve greater cost-competitiveness and to improve the integration of renewables into the energy system. 
                Focus on an energy system perspective
                Achieving a high penetration of renewable power and heat technologies is a necessary condition to decarbonise many carbon-intensive sectors of the economy, including heavy industry, construction and transport. The expansion of renewable hydrogen use, emissions…

                • Country

                Spain

                …energy and climate change policies. The current Spanish framework for energy and climate is based on the 2050 objectives of national climate neutrality, 100% renewable energy in the electricity mix and 97% renewable energy in the total energy mix. As such, it is centred on the massive development of renewable energy, particularly solar, wind and renewable hydrogen, increasing energy efficiency and improving electrification. This is an opportunity for the country to not only stimulate the economy and by creating jobs through the modernisation of industry, but also to support vulnerable populations, improve energy security and support RD&D and innovation.

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

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                • Country

                Bosnia and Herzegovina

                Bosnia and Herzegovina adopted a National Environmental Action Plan, which provides action path to address the major environmental issues of the country. In the energy sector the target will be achieved by increasing energy efficiency and usage of renewables (hydro, solar, wind and geothermal energy).

                • OverviewOverview
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                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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                • Energy system

                CO2 Capture and Utilisation

                Country and regional highlights
                CCUS and synthetic fuel policies are being strengthened in the United States and Europe
                CO2 emissions
                CO2 use can bring important climate benefits, but with caveats
                Activity
                CO2 use for synthetic fuels remains the leading new utilisation route
                Technology installation and infrastructure
                CCU supply chains can benefit from synergies with fossil-based synthetic fuel production and CCS
                Innovation
                Policy
                Investment
                Venture capital investment in CCU continues to grow

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                • Energy system

                Energy Efficiency

                …Resources Tim Hodgson on 29 and 30 June 2026. Hydro-Québec, a recognised leader in energy efficiency, will also help drive industry engagement at the event.
                The 11th edition of the IEA’s landmark event comes at a pivotal moment. Many governments around the world are focused on stronger action on energy efficiency as a key policy priority in order to ensure energy security and affordability while reducing emissions. However, IEA analysis has shown that despite this increased ambition, global progress on energy efficiency is slower than in the last decade. This is locking in greater levels of wasted energy…

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                • Energy system

                Cars and Vans

                More stringent and broader coverage of fuel efficiency standards for light-duty vehicles is needed
                For cars and vans, increasing fuel efficiency standards is important as even in the Net Zero Emissions by 2050 Scenario, nearly 80% of cars and vans on the road in 2030 are still powered with internal combustion engines. Sales of heavier, less efficient SUVs reached around 46% of global sales in 2022, while electric vehicles were just 14% of sales. More and more countries are formulating vehicle efficiency standards and some are even putting in place zero-emission vehicle sales requirements. To be in line…

                Transport
                • Country

                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…

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                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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                • Report

                • May 2026

                Responding to Satellite Notifications from the Methane Alert and Response System

                …and artificial intelligence) to provide free notifications of large methane emission events to governments and companies.MARS satellite alerts provide rapid and actionable information that can enable quick mitigation action. Swift action on major leaks or releases detected via MARS can deliver significant benefits for governments, potentially reducing gas waste, boosting sales by domestic companies and improving national energy security while simultaneously decreasing air pollution, minimising local health impacts and increasing productivity. More broadly, it may allow governments to achieve national emissions reduction objectives.   While the response rate to MARS notifications has increased since the system’s introduction in 2023…

                Responding to satellite notifications from the Methane Alert and Response System shutterstock 1949988883
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