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Austria 2026
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Austria and the IEA. It draws on the IEA’s extensive…
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Oil Market Report - January 2026
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand growth is forecast to average 930 kb/d in 2026, up from 850 kb/d in 2025, reflecting a normalisation of economic conditions after last year’s tariff turmoil and lower oil prices than a year ago. A recovery in petrochemical feedstocks demand…
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Kuwait
Kuwait is wholly reliant on fossil fuels for energy generation and by 2030, its energy demand will triple. In order to diversify its energy mix, the country targets to increase the share of renewable generation to 15% by 2030.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Pledges to Progress 2025 Executive summary
At COP28, more than 50 of the world’s leading oil and gas companies launched the Oil and Gas Decarbonization Charter (OGDC), laying out a series of ambitions to achieve net zero operational emissions by 2050. As global methane and flaring emissions continue to rise, these ambitions are more important than ever to reduce energy waste and mitigate the harmful consequences of climate change.To support accountability and transparency, the International Energy Agency (IEA), the United Nations Environment Programme (UNEP) International Methane Emissions Observatory (IMEO) and the Environmental Defense Fund (EDF) set out a framework of 25 metrics to assess and track…
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Economic growth
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores economic growth. Why is energy efficiency important for economic growth? Energy efficiency allows countries to generate more economic activity using the same amount of energy. It is also linked to increased labour productivity and other economic benefits. Key facts Compared with 2000, today’s global economy produces 36% more GDP per unit of energy. Energy efficiency progress over the last 20 years means that close to an extra USD 50 trillion can today be produced using the same amount of energy. This energy efficiency bonus is equivalent to…
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Fossil Fuel Subsidies
This approach compares average end-user prices paid by consumers with reference prices that correspond to the full cost of supply. The price gap is the amount by which an end-use price is short of the reference price. Its existence indicates the presence of a subsidy. In a given economy, the basic calculation of subsidies for a product is:Subsidy = (Reference price - End-user price) × Units consumedThese calculations require substantial data. End-user price and consumption data are drawn from IEA data and, where necessary, from government sources and other reports. The estimates are also sensitive to reference…
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Uruguay
In 2010 the Ministry of Energy, Mining and Industry of Uruguay approved Decree 354 on the Promotion of Renewable Energies meant to increase dramatically the share of electricity generation from renewable sources in the country.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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World Energy Investment 2025 China
…owned enterprises and characterised by large-scale infrastructure projects backed by government financing. However, the landscape is beginning to shift. In recent years the government has increasingly encouraged greater private sector participation in energy development. As part of its evolving strategy, China has explicitly encouraged the involvement of private enterprises in the energy sector beyond the fields of export-oriented clean energy manufacturing into areas of more strategic domestic importance, such as nuclear power, new energy storage and even into upstream oil and gas and mining. The Chinese government has facilitated private participation in more than 8 000 recommended projects in 2024.
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Fossil Fuels
Fossil Fuels
