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Contributor
Laura Cozzi
Director, Sustainability, Technology and Outlooks. Laura Cozzi was appointed the International Energy Agency’s Director of Sustainability, Technology and Outlooks in 2023. She leads and co-ordinates the IEA’s work on energy sustainability, encompassing energy technology policy and climate change. She is also the Agency’s Chief Energy Modeller, and in this capacity co-leads the World Energy Outlook, the IEA’s flagship publication series.Ms Cozzi joined the IEA in 1999 as a junior analyst in the World Energy Outlook team. She has co-led many editions of the Outlook and led multiple special reports. Prior to joining the IEA, Ms Cozzi worked for the Italian energy company ENI S.p.A. She holds a Master’s degree in Environmental Engineering from the Polytechnic University of Milan and a Master’s degree in Energy and Environmental Economics from Eni Corporate University.Ms Cozzi was awarded an Order of Merit of the Italian Republic (Cavaliere dell’ordine al merito della repubblica italiana) i...
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Report
Jul 2025
Electricity Mid-Year Update 2025 Emissions: Power generation CO2 emissions are plateauing
…2026, we forecast a slight decline of less than 1%, as the increase in low-emissions generation depresses fossil-fired output. Deviations from normal weather conditions, such as intense heat waves, cold spells or below-average hydropower output, can lead to an increase in emissions in individual years. Moreover, developments in China, where more than half of the world’s coal-fired generation takes place, can significantly influence global trends. Declines in China, Europe and the Americas offset rising emissions in other regions Multiple regions in the world are expected to record falling emissions from electricity generation out to 2026…
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Contributor
Dave Turk
Former USA Deputy Secretary of Energy. Dave Turk joined the IEA in September 2016 and is currently the Acting Deputy Executive Director and Head of the Strategic Initiatives Office. He formerly served as Deputy Assistant Secretary for International Climate and Technology at the U.S. Department of Energy, where he coordinated the Department’s international clean energy efforts. He also previously served as Deputy Special Envoy for Climate Change at the U.S. Department of State, Special Assistant to the President and Senior Director for Congressional Affairs at the U.S. National Security Council, and in various capacities in the U.S. Congress.
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Report
Jul 2025
Electricity Mid-Year Update 2025 Supply: Renewables grow the most, followed by gas and nuclear
…our annual Electricity 2025 report, low-emissions energy sources are reaching new milestones globally in our forecast period. Renewables are poised to surpass coal-fired generation, depending on weather trends and economic developments, either as early as 2025 or in 2026. As a result, coal’s share in total generation is set to drop below 33% for the first time in the last 100 years.Solar PV and wind energy are key drivers of this trend, with their combined share in global electricity generation expected to rise from 15% in 2024 to 17% in 2025 and to above 19% in 2026 …
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Report
Jul 2025
Electricity Mid-Year Update 2025 Prices: Trends in wholesale markets differ across regions
…year-on-year electricity generation from wind and hydropower during this period boosted fossil-fired generation, which further contributed to higher power prices. Latest futures prices in the European Union average USD 80/MWh for 2026, indicating a decline of around 15% compared to 2025.Negative prices are becoming more common in many markets across Europe. The share of hours with negative prices on the wholesale market reached 8-9% in the first half of the year in countries such as Germany, Netherlands and Spain – up from 4-5% in 2024. Germany saw an increase in wholesale electricity prices in H1…
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