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            • Oil Market Report - June 2026

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                • Country

                Portugal

                …supporting decarbonisation through a wide variety of measures, such as, coal-fired generation was phased out in 2021. Portugal is further developing its large hydropower fleet, including additional capacity of pumped hydro storage. Portugal is an international leader for integration of wind generation, and auctions are driving rapid deployment of PV and battery storage. Portugal is pushing for better electricity interconnections with the rest of Europe. Portugal’s National Energy and Climate Plan sets 2030 targets for emissions reductions, energy efficiency and renewable energy that aim to put the country a path to achieving cost effective carbon neutrality by 2050.

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                • + 5 pages

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                • Country

                Slovak Republic

                …objectives of the Slovak energy policy agenda are: increasing efficiency in the power and end‐use sectors, reducing energy intensity, reducing dependence on energy imports, expanding the use of nuclear power, increasing the share of renewables in the heat and electricity sectors, and supporting the use of alternative fuels for transport. With these sound objectives in place, the government should now focus on the cost‐effective implementation of concrete actions. Mining of coal for electricity production ended in 2023 and an additional nuclear unit was commissioned. The country remains dependent on energy imports from Russia, making energy security a strong…

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                • + 5 pages

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                • Country

                Romania

                By 2020, the objective of Romania is to guarantee the efficient operation of its energy system under security conditions. Romania also plans to meet the obligations set by EU in terms of greenhouse gas emissions through its legislative package “Climate changes – renewable energies”.

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                • + 5 pages

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                • Country

                Mali

                In recent years, the rate of access to electricity in Mali has surpassed 25%, thanks to a public focus on mini-grid solutions. The government of Mali now plans to increase hybridisation of its mini-grids by adding PV capacity to diesel power plants. In 2019, Mali’s energy mix was dominated by biofuels and wastes (65%) and oil products (32%), with coal and hydro accounting for the rest. In 2020, less than 5% of the population had access to clean cooking and 52% had access to electricity. For electricity access, the country targets 70% access by 2025, 80% by…

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                • + 5 pages

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                • Country

                Germany

                …come from renewable energy sources (and 100% by 2035) and coal is to be completely phased out. Germany has been an early leader in offshore wind and solar PV and phased out nuclear power in 2023. Major legislative reforms in renewable energy planning and siting support targets of 100-110 GW of onshore wind, 30 GW offshore wind and 200 GW solar, alongside investments in 10 GW of hydrogen by 2030. Under the Energy Efficiency Act, Germany is deploying efforts to reduce energy consumption of about 500 TWh by 2030, corresponding to around one fifth of its energy consumption in…

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                • + 5 pages

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                • Country

                Chinese Taipei

                The Taiwanese government enacted in the late 2010s the Statute for Renewable Energy Development to reduce CO2 emissions, improve energy diversification and promote green-energy industries. The government is seeking to generate 8% of electricity from renewables by 2025.

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                • + 5 pages

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                • Topic

                Net Zero Emissions

                …the energy sector to achieve this goal at the global level by mid-century. An update to the Roadmap, which has served as an essential benchmark for policy makers, industry, the financial sector and civil society, was published in 2023.The Roadmap is based on the IEA’s Net Zero Emissions (NZE) Scenario, which portrays a pathway for the global energy sector to achieve net zero carbon dioxide (CO2) emissions by 2050 while maintaining energy security. This scenario is consistent with keeping long-term global warming to 1.5 °C with limited overshoot. It also aims to meet key energy…

                • Topic

                Fossil Fuel Subsidies

                …prices, adjusting for differences in variables such as transportation costs. For net importers, subsidies measured via the price gap approach may be explicit, representing budget expenditures arising from the domestic sale of imported energy at subsidised prices, or implicit. Many economies rely extensively on domestically produced fuels but import the remainder. In such cases, subsidy estimates represent a combination of opportunity costs and direct expenditures.Estimates using the price gap approach capture only interventions that result in final prices for end users below what would prevail in a competitive market. They do not, for example, capture subsidised research and development…

                • Country

                Senegal

                In Senegal, 65% of the population has access to electricity. Strong policies and incentives have supported liquefied petroleum gas (LPG) use and less than 25% of the urban population now relies on solid biomass for cooking.

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                • + 5 pages

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                • Commentary

                • 17 Feb 2026

                Sodium-ion battery momentum grows, but challenges remain

                …commentary sodium batteries Recent technological advances and investment announcements suggest dynamics are shifting for sodium-ion batteries Sodium-ion batteries are emerging as a new player in battery markets, offering opportunities to diversify battery chemistries and supply chains at a time of rising global demand for electric vehicles and energy storage. Developed in laboratories since the early 1980s, sodium-ion batteries operate on the same fundamental principles as lithium‑ion batteries – which currently dominate the market – yet their path to commercialisation has been markedly slower.While lithium-ion batteries entered commercial use in the 1990s – with the first electric vehicles appearing…

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