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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…
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Governments around the world commit to making energy efficiency a cornerstone of energy policy amid Strait of Hormuz crisis
…by energy price volatility, governments committed to ensuring that all people can access the benefits of energy efficiency. Countries pledged to look for opportunities to expand policies that can ease immediate pressures while improving resilience over the longer term.At the conference, the COP31 Presidency announced it is commissioning the IEA to produce a special report to support the development of an energy efficiency target for buildings for COP31, which takes place in Antalya, Türkiye, later this year. This reinforces the Agency’s key role in helping governments advance international progress on efficiency.“As successive energy crises have shown, energy…
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IEA’s third Energy Innovation Forum spotlights accelerating innovation as a catalyst for global competitiveness
More than 300 participants from over 40 countries convene to examine progress and challenges in energy innovation 18 February 2026 Co-hosted with the Government of the Netherlands, the third annual IEA Energy Innovation Forum brought together more than 300 participants from around the world for a forward-looking discussion on the status and prospects for energy innovation.Held in Paris on the margins of the 2026 IEA Ministerial Meeting, the forum brought together policy makers, innovators, investors, researchers and industry leaders from over 40 countries to examine the opportunities and risks facing energy technology innovation, and to identify priority…
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IEA launches tracker to monitor policy responses to energy market impacts of Middle East conflict
…by governments to conserve energy and protect consumers from rising prices, as governments respond to supply disruptions and increased volatility, notably in markets for crude oil, oil products and liquefied natural gas (LNG).The conflict, which began on 28 February, has significantly impeded energy trade flows through the Strait of Hormuz, creating the largest supply disruption in the history of the global oil market. Global supply of LNG has also been reduced by around 20% as a result of the situation.The IEA’s new tracker presents two main categories of action: measures aimed at conserving energy and those designed…
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Statement by IEA Executive Director Fatih Birol on meeting of G7 Energy Ministers at IEA headquarters
…currently hold over 1.2 billion barrels of public emergency oil stocks, with a further 600 million barrels of industry stocks held under government obligation.Given conditions in oil markets, I have convened an extraordinary meeting of IEA Member governments, which will take place later today to assess the current security of supply and market conditions to inform a subsequent decision on whether to make emergency stocks of IEA countries available to the market.As well as IEA Members, I am also in close contact about the situation with energy ministers from key energy producers and consumers around the world.
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Statement by IEA Executive Director Fatih Birol on his participation in a meeting of G7 Finance Ministers
…the challenges of transit through the Strait of Hormuz, a substantial amount of oil production has been curtailed. This is creating significant and growing risks for the market. We discussed all the available options, including making IEA emergency oil stocks available to the market. IEA Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, with a further 600 million barrels of industry stocks held under government obligation.I am also in close contact about the situation with energy ministers from countries around the world, including recent calls with Saudi Arabia, Brazil, India, Azerbaijan and Singapore.
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Data centre electricity use surged in 2025, even with tightening bottlenecks driving a scramble for solutions
…Building on the IEA’s landmark Energy and AI report from April 2025, the new analysis published today finds that the field has continued to develop at speed. Driven by data centre investments, the capital expenditure of five large technology companies surged to more than $400 billion in 2025 and is set to increase by a further 75% in 2026. Electricity demand from data centres soared by 17% in 2025, and that of AI-focused data centres climbed even faster – well outpacing growth in global electricity demand of 3%.According to the report – Key Questions on Energy and AI – power…
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IEA hosts high-level energy dialogue with Türkiye and Australia
…scale up secure, affordable and sustainable energy solutions that benefit everyone, especially those who lack access to modern energy services,” said IEA Executive Director Fatih Birol. “I would like to thank President-Designate Kurum and the governments of Türkiye and Australia for their commitment to delivering a successful COP31 in Antalya – and for their trust and confidence in the IEA by naming us as a strategic partner. I look forward to working closely with them in the months ahead.”“The current crisis has driven fossil fuel dependency and energy security to the top of the global agenda. The best way…
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Executive Director meets with Prime Minister of Netherlands to discuss energy security amid Hormuz crisis
…in supporting energy resilience and affordability IEA Executive Director Fatih Birol met this week with Prime Minister Rob Jetten of the Netherlands and senior government officials to discuss the impacts and implications of the energy crisis resulting from the war in the Middle East, along with measures to bolster energy security in the near and longer term.In their bilateral meeting in The Hague, Prime Minister Jetten and Dr Birol spoke about the current geopolitical and energy market situation, as well as the importance of oil and natural gas stocks in buffering against market shocks. They also discussed energy priorities…
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New podcast episode examines mounting disruptions in oil markets
…IEA’s April Oil Market Report, and explore the real-world consequences for oil-consuming countries and industries – as well as how the situation has reshaped the IEA’s forecasts for supply and demand in the months ahead.The Everything Energy podcast offers perspectives on a wide range of leading global energy issues. In other recent episodes, IEA experts have discussed the Agency’s largest-ever emergency oil stock release, walked through 10 measures that could help shelter consumers from the effects of higher oil prices, and explored how countries across Southeast Asia are feeling the effects of the current energy crisis.