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Outcome Statement of the IEA’s 11th Annual Conference on Energy Efficiency
…around the world agreed on a global target for energy efficiency – to double progress by 2030.This year, the conflict in the Middle East caused a near halt in shipping traffic through the Strait of Hormuz, leading to the largest supply disruption in the history of the global oil market. This has affected global markets for crude oil and refined products, LNG, and other key commodities, and created severe disruptions in energy supply in many countries. We recognise this crisis demands historic action by governments and that energy efficiency is central to this response.We acknowledge the role energy efficiency…
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Global electricity demand is set to grow strongly to 2030, underscoring need for investments in grids and flexibility
Latest IEA report on the sector forecasts the share of renewables and nuclear in the world’s power mix to rise to 50% by the end of this decade as natural gas grows, too Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new IEA report.Electricity 2026, out today, is the IEA’s annual report on global electricity systems and markets. It provides in-depth analysis of recent trends…
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IEA releases major update to tracker of government responses to energy impacts of Middle East conflict
…a result, the tracker features details on 109 countries that have implemented energy-related measures in response to the crisis.The tracker, which is being updated regularly, complements the IEA’s broader work to support governments through the current crisis. The IEA has also released a report that presents a menu of demand-side measures that governments, businesses and households can take to shelter consumers from energy price pressures. And in March, the IEA announced the largest-ever coordinated release of emergency oil stocks in the Agency’s history. It continues to monitor the situation closely in coordination with leaders around the world.
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655 million people still living without electricity underscore urgent need to deliver on universal energy access target
…in several areas of sustainable energy. Renewable energy continued its strong expansion, accounting for over 30 per cent of global electricity consumption; while renewable energy-generating capacity reached a global record of 544 watts per person. International public financial flows supporting clean energy in developing countries increased slightly to $24.6 billion; and improvements in global energy efficiency continued to reach 3.76 megajoules per US dollar, although this remains an insufficient pace to meet the Sustainable Development Goal (SDG) 7 targets.However, the report warns that without urgent and scaled-up action, the world will fall short of achieving…
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IEA Ministerial Meeting underscores Agency’s central role in tackling global energy challenges
…facing the world.The two-day event was attended by top government officials from a record 54 countries, with some 40 of them at Ministerial level. Top executives from 55 companies, with a combined market capitalisation of $14 trillion, as well as leaders from a range of intergovernmental organisations, also participated.At the Ministerial, IEA Member governments unanimously agreed to move ahead on building deeper institutional ties with Brazil, Colombia, India and Viet Nam – and to expanded cooperation on critical minerals through the IEA’s Critical Minerals Security Programme.“These two days in Paris have reaffirmed how essential energy is…
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Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group, and World Trade Organization
…If shipping flows do not return to normal, continued rapid depletion of global oil inventories ahead of peak summer oil demand in the Northern Hemisphere would present increasing risks for fuel security, market conditions, and broader economic resilience.“We met to take stock of the impacts, discuss the situation in the most affected countries and regions, and coordinate our support to those in need. We also explored options to further enhance collective support through multilateral and bilateral actions.“We highlighted the importance of closely monitoring fertilizer supply chains, energy and economic developments as well as policy responses. In this regard…
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Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group
The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximize their institutions’ response to the energy and economic impacts of the war in the Middle East. They issued the following joint statement:The Middle East war has caused major disruptions to lives and livelihoods in the region and triggered one of the largest supply shortages in global energy market history. The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries. It is already transmitted through higher oil, gas and fertilizers…
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2026 IEA Ministerial Chair's Summary
…source of energy data and analysis. They stressed in particular the importance of the IEA Secretariat for multilateral cooperation and for supporting Member countries as they navigate the interaction between energy security, affordability and sustainability.Ministers welcomed progress by countries seeking closer cooperation with the IEA, including: welcoming Colombia as the IEA’s next Member country; Brazil beginning the IEA accession process; recent developments in India’s membership discussions; and welcoming Vietnam as an Association Country.Over the past two days, Members focused, in particular, on eight key priorities, highlighted below, against the backdrop of horizontal discussions on energy security…
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Strengthening supply chains can improve resilience and reduce economic security risks for key energy technologies
…Energy Technology Perspectives 2026 (ETP-2026), is the latest instalment of the IEA’s flagship technology publication, which examines supply chains for mass-manufactured technologies including electric cars, batteries and renewable power equipment. The report finds that the geographical landscape of manufacturing for these technologies – of which China holds by far the largest share – is unlikely to change significantly before the end of the decade, based on committed manufacturing and mining projects and market trends.For the first time, the report includes an ‘N-1’ supply chain security analysis, assessing what would happen if the single largest supplier of a…
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Decision makers discuss strategies for achieving energy priorities at COP31-IEA High-Level Dialogue in London
…Türkiye in November.Taking place during London Climate Action Week, the event brought together government ministers from around the world, as well as a broad range of other high-level stakeholders, including leaders from five previous COP Presidencies, private sector executives and civil society figures. IEA Executive Director Fatih Birol opened the event, followed by keynote remarks from COP31 President-Designate Murat Kurum, who also serves as Türkiye’s Minister of Environment, Urbanization and Climate Change. Chris Bowen, the COP31 President of Negotiations and Australia's Minister for Climate Change and Energy, delivered a video address.Other high-level participants included…