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World Energy Investment 2025 China
…critical. After years of expanding energy supply, focus has shifted to ensuring this capacity is used effectively and stable enough to meet new and evolving demand while sustaining industrial competitiveness. These priorities have materialised in two major investment trends. First is the significant push for grid, storage, and smart infrastructure, as seen from USD 88 billion in transmission and distribution investment in 2025. Heatwaves and industrial demand spikes have exposed weaknesses in China’s grid, while rapid renewable deployment has outpaced grid expansion, leading to higher curtailment rates and ineffective transmission to areas of high energy demand in the east…
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Renewables 2025 Renewable electricity
…renewable electricity capacity expansion. Low module costs, relatively efficient permitting processes and broad social acceptance drive the acceleration in solar PV adoption.Distributed solar PV applications (residential, commercial, industrial and off-grid projects) account for 42% of the overall PV expansion. Higher retail electricity prices following the energy crisis, along with strong policy support, have encouraged individuals and businesses to install solar PV systems with the aim of reducing their electricity bills. The use of distributed solar PV applications with storage units is also growing in countries that have an unreliable electricity grid. In South Africa and Pakistan, for instance…
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Scaling Up Transition Finance Sectoral insights
…unlock high-impact projects that lower emissions and avoid or mitigate other impacts, guided by practical KPIs.Natural gas: Natural gas is set to remain a part of the global energy mix for many decades but the applicability of transition finance to gas varies by country and sector and over time. Priority should be placed on front-loading methane abatement, reducing emissions from liquefied natural gas (LNG) liquefaction providing infrastructure for low-emissions gases and helping, alongside other technology options, plants to provide flexibility for electricity systems, under transparent, time-bound plans that align with national energy and climate strategies.
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Integrating Distributed Energy Resources in China Executive summary
Rapid DER expansion creates new considerations for China’s distribution networks China is experiencing an unprecedented boom in distributed energy resources (DERs), including rooftop solar photovoltaics, battery storage, electric vehicles (EVs) and flexible electric loads. Typically located behind-the-meter, these small assets can deliver significant benefits to China’s power system if efficiently integrated, including enhanced flexibility, strengthened electricity security and lower system costs. Driven by declining technology costs and supportive national programmes, DER deployment has accelerated across rural communities and commercial and industrial buildings. By 2024, distributed photovoltaics (DPV) accounted for 40% of the country’s total solar…
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Global Energy Review 2025 CO2 Emissions
Energy sector carbon emissions reached a new record in 2024 Total energy-related CO2 emissions increased by 0.8% in 2024, hitting an all-time high of 37.8 Gt CO2. This rise contributed to record atmospheric CO2 concentrations of 422.5 ppm in 2024, around 3 ppm higher than 2023 and 50% higher than pre-industrial levels. In 2024, CO2 emissions from fuel combustion grew by around 1% or 357 Mt CO2, while emissions from industrial processes declined by 2.3% or 62 Mt CO2. Emissions growth was lower than global GDP growth (+3.2%), restoring the decades-long trend of decoupling emissions…
- Key findings
- Global trends
- Oil
- Natural gas
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Global Energy and Climate Model Net Zero Emissions by 2050 Scenario (NZE)
…Agreement of holding warming to well below 2 °C above pre-industrial levels throughout the 21st Century. How do the NZE scenario relate to the pursuit of a 1.5 °C outcome? The Intergovernmental Panel on Climate Change (IPCC) Working Group III Sixth Assessment Report on Mitigation of Climate Change , released in April 2022, assessed a large number of scenarios that led to at least a 50% chance of limiting the temperature rise to 1.5 °C in 2100. As outlined in the World Energy Outlook 2025, in contrast with previous editions, the NZE Scenario is no longer a limited-overshoot scenario…
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Global Hydrogen Review 2025 Policies
…GHR-24. Some strategies were updated, such as in France, which reduced its electrolyser target to 4.5 GW by 2030 (from 6.5 GW), whereas Spain tripled its target to 12 GW by 2030. Chile and the European Union missed their electrolyser targets for 2024 and 2025, respectively.Progress was made on the demand side, but it is still trailing supply. 112 demand-side policies have moved forward since GHR-24, frequently in the form of grants and sectoral quotas. Legislated policies could trigger demand for nearly 6 Mtpa of low-emissions hydrogen by 2030, while government demand targets add up to 9.5 Mtpa;…
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Oil Market Report - October 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 rose by 750 kb/d y-o-y in 3Q25, as petrochemical feedstocks led a rebound from 2Q25’s tariff-afflicted 420 kb/d pace. Still, oil use will remain subdued over the remainder of 2025 and in 2026, resulting in annual gains…
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Ensuring a Strong Labour Dimension for Just and Inclusive Energy Transitions
…services across many areas of the energy sector. To give a greater voice to the labour perspective in energy and climate policy discussions, the IEA Executive Director, Dr. Fatih Birol, convened the Clean Energy Labour Council in 2022. The Labour Council brings together representatives of the world’s most important national trade unions and trade union confederations, as well as prominent thinkers on the topic, to foster engagement between the IEA, energy policy makers, and the labour movement.The IEA Clean Energy Labour Council presents this paper to highlight the importance of a strong labour dimension in clean energy transitions…
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Global battery markets are growing strongly – and so are the supply risks
…over 20% from 2024, but its economic and strategic significance extends far beyond market size. Batteries are becoming a cornerstone of the automotive sector, a critical source of flexibility for power systems, and an increasingly important source of back-up power for digital infrastructure, including data centres and artificial intelligence.Beyond energy, batteries remain indispensable for a wide range of industrial and strategic applications, from portable electronics and unmanned defence systems to emerging technologies such as humanoid robots. As applications diversify and costs continue to fall, batteries are evolving into a foundational component of modern economies. This shift carries far…