-
Global Energy Review 2026 CO2 emissions
…Emissions in advanced economies increased by 0.5%, while in emerging market and developing economies, growth slowed to 0.3%.Emissions in China declined by around 0.5%, reflecting continued reductions in emissions from both industrial processes and electricity generation. This was mainly driven by a surge in low-emissions generation combined with slower electricity demand growth compared with 2024, and a notable contraction in cement and steel production. However, these effects were partially offset by the chemical industry. In emerging market and developing economies excluding China, emissions increased by 1.1%, significantly below the 2.2% average annual growth…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 9 pages
-
Gas Market Report, Q2-2026 Executive summary
…imports rose to an all-time high over the 2025/26 winter, solidifying LNG’s position as a structural source of baseload supply in the region amid lower piped gas imports and declining domestic output. The 2025/26 heating season witnessed several cold spells, which resulted in near-record-breaking demand spikes across key markets in the northern hemisphere. This includes Winter Storm Fern in the United States, Storm Goretti in Europe and the East Asia cold wave in China. These events highlight the critical importance of gas supply flexibility for energy security, including in markets that are increasingly re...
-
Global Methane Tracker 2026 Key findings
…satellite and inventory data from 2025 point to progress in some countries. This includes fewer super-emitting events detected from oil and gas operations in Algeria, and Argentina, as well as studies suggesting that the growth in coal mine emissions in the People’s Republic of China (hereafter “China”) has been dampened in recent years as a result of tighter regulations and structural changes in production. Globally, improvements in upstream emissions intensity for oil and natural gas have offset rising output. Tackling methane and flaring delivers energy security benefits The ongoing crisis in the Middle East is reshaping the global…
-
Global EV Outlook 2026 Trends in electric cars
…increase in extended-range electric vehicles (EREVs), this did not continue in 2025, dropping to less than 7% of total electric car sales, after rising to 7.5% in 2024.Market developments varied across regions. In the People’s Republic of China (hereafter, “China”), growth slowed slightly partly as a result of its trade-in scheme being temporary halted, but the country still accounted for more than half of the global increase in electric car sales in 2025. Europe experienced an upswing in sales following a step change in the EU CO2 standards, with sales rising 30% to more than 4 million…
-
Global EV Outlook 2026 Trends in other EV modes
…new energy vehicles or conventional trucks that meet China VI emissions standards. The subsidy is sufficient to cover around 20-50% of the average electric truck price premium in China. Decarbonisation targets for heavy industry have also strongly supported the switch to electric trucks, especially in the steel and cement sectors. In addition, Stage 4 heavy-duty vehicle (HDV) fuel consumption standards came into effect in July 2025, requiring a 12-16% improvement compared to Stage 3 by including stricter fuel consumption limits, adjusting the testing procedure and expanding coverage.Sales of electric HFTs in China reached an impressive 28% of total HFT…
-
Global Hydrogen Review 2026 Demand
…Based on projects that have at least reached a final investment decision (FID), 2.5 Mt is expected to be produced and consumed in refineries and industrial facilities by 2030.Fuel cell electric vehicle (FCEV) stock grew 20% in 2025, to almost 130 000, due to truck sales in China and a rebound of car sales in Korea. Policies in these countries are the main driver behind a projected tripling of stock by 2030, with trucks and buses accounting for around 60% and 30% of hydrogen use.In shipping, uncertainties around the implementation of the International Maritime Organization (IMO) Net-Zero Framework…
-
Global Hydrogen Review 2026 Cost acceptability
…Quotas can create demand certainty but are not widely used. Even with policy incentives, the cost gap is not closed in most regions and applications. Only China would come close, and only if sufficiently high carbon pricing were to be implemented across all sectors.The cost gap can also be closed by front-running companies and consumers who are willing to pay a premium for low-emissions products. This willingness is largest for steel and aviation. Co-ordination among stakeholders in the value chain can help to distribute the cost premium to those actors most willing to pay.About 45…
-
Global Hydrogen Review 2026 Trade and infrastructure
…Activity remains concentrated in Europe and China, which saw major milestones in 2025, as China began construction of the world’s longest hydrogen pipeline, and Germany completed the world’s longest repurposing of a natural gas pipeline.Announced underground hydrogen storage projects could provide 11 TWh of capacity by 2035 (335 kt H₂), but just over 7% has reached final investment decision (FID) or is under construction, equivalent to 0.6% of the estimated throughput from committed low-emissions hydrogen projects. Large-scale salt caverns are in construction in the United States, Germany and China.Around 170 ammonia and 130 methanol port terminals are…
-
Global Energy Review 2025 Global trends
…economies slowed slightly to 1.7% in 2024. Continued stronger growth in the US was bolstered by healthy sentiment and consumer confidence. By contrast, the European Union saw weaker growth, amid competitiveness concerns. In emerging market and developing economies growth remained robust but slowed slightly to 4.4%. People’s Republic of China (hereafter, “China”) reported growth at 5%, supported by strengthening manufacturing output and exports, while the real estate contraction continued. The rate of growth in India slowed to 6.5%. Brazil saw improved economic performance in 2024, with GDP expanding 3.7%. Energy demand growth varied sharply by region,…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 3 pages
-
Global Energy Review 2025 Oil
…at around 70%). After rebounding strongly following the end of Covid-19 lockdowns in many countries, growth in oil demand from the road transport sector has slowed markedly in recent years. Since 2022, it has accounted for just 5% of growth in global oil demand in energy terms. The 2024 deceleration in demand growth was most visible in China. In 2023, the country’s oil use surged by 8.7% after lockdowns were lifted, but in 2024, it rose by 0.8% – well below the average annual growth rate prior to the Covid-19 pandemic. Most of this growth was…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 3 pages