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India’s electricity demand grows at night: Managing rising cooling demand
India cooling commentary As India’s cooling demand surges alongside solar power capacity, ensuring sufficient nighttime power capacity is key Power consumption in India is on the rise amid economic and population growth, as well as the growing use of air conditioning as more households purchase units and temperatures increase. Since 2019, the country’s electricity demand has increased by 5% per year. While electricity supply has kept pace, solar PV has accounted for two-thirds of power capacity additions in India since 2019. Against this backdrop, ensuring adequate power generation capacity during periods of peak demand is emerging as…
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Scaling Up Transition Finance
Scaling Up
Transition
Finance Actions by emissions-intensive sectors, companies and countries are crucial to placing the world on a sustainable pathway. Yet investments that could deliver meaningful reductions in their environmental footprint often do not receive sufficient financial support. Currently, finance is drawn heavily to certain “green” assets and activities. While vital, these investments alone cannot deliver all the changes needed to cut global emissions, especially in areas where clean technologies are not yet commercially available or cost-competitive. This is where transition finance comes in: it can help emissions-intensive countries, companies and sectors shift over time towards…
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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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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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How global oil supplies have readjusted to help fill the huge gap left by the Strait of Hormuz shock
commentary Stock drawdowns, alternative routes and suppliers, and agile refiners have all contributed during the crisis, avoiding far more severe impacts on demand Global energy markets have been contending with their largest supply disruption in history resulting from the near closure of the Strait of Hormuz, a vital artery for oil and gas shipments to reach global markets. The cumulative oil supply losses from producers in the Middle East now exceed 1.3 billion barrels, with flows through the Strait of Hormuz falling from around 20 million barrels per day prior to the conflict to an average of 2.7…
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Breakthrough Agenda Report 2026
Strengthening international collaboration to accelerate delivery Breakthrough Agenda Report 2026 Since its launch at COP 26, the Breakthrough Agenda has served as a framework for strengthening international collaboration across major emitting sectors. Participating countries have endorsed shared “Breakthrough” goals to make clean technologies and sustainable practices more affordable, accessible and attractive than their alternatives by 2030 across the power, road transport, hydrogen, steel, cement and buildings sectors.The Breakthrough Agenda establishes an annual cycle to track progress towards these goals, identify where stronger or more co‑ordinated international action is needed, and support collective efforts to accelerate deployment. Central to this process…
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- Hydrogen
- Road transport
- Steel
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+ 3 pages
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Electric Vehicles
Global electric car sales continue to break records as affordability improves
Despite recent economic headwinds that have put pressure on the auto sector, global sales of electric cars have continued to break records as electric models become increasingly affordable. Electric car sales exceeded 17 million globally in 2024, reaching a sales share of more than 20%. Just the additional 3.5 million electric cars sold in 2024 compared with the previous year is more than the total number of electric cars sold worldwide in 2020.
In 2025, sales of electric cars are expected to surpass 20 million, accounting for over…
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Oil Market Report - April 2025
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 for 2025 has been revised down by 300 kb/d since last month’s Report to 730 kb/d, as escalating trade tensions have negatively impacted the economic outlook. Growth is expected to slow further in 2026, to 690 kb/d, but…
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Critical Mineral Traceability for Energy and Economic Security Executive summary
Risks to energy and economic security from high levels of concentration in critical mineral supply chains became a reality in 2025. All of the IEA’s six focus minerals – copper, lithium, nickel, cobalt, graphite and rare earth elements – are set to see strong demand growth, driven by their central role in energy and strategic industrial applications. Yet diversification has lagged demand, with processing and refining remaining highly concentrated. Risks from concentration materialised in 2025 as new export controls threatened the supply of materials critical to strategic and economically important industries.Recent years have seen a proliferation of new policies and…
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Breakthrough Agenda Report 2026 Road transport
Road transport
- Executive summary
- Hydrogen
- Road transport
- Steel
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+ 3 pages