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Pledges to Progress 2025
An assessment of transparency of the oil and gas industry’s emissions reduction efforts 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…
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Copper prices have hit record highs, but smelters face mounting strategic pressures
copper Copper markets enter uncharted territory as structural and short-term pressures converge Copper prices have surged to record highs this year, briefly exceeding USD 14 500 per tonne (intraday) in January 2026, having only passed USD 12 000 per tonne for the first time in December 2025. The unprecedented price levels have been driven by some important short-term developments, including supply disruptions at several major mines and a build-up of US copper inventories due to tariff uncertainty. But they have also been underpinned by some underlying factors, such as challenges in developing new copper mines and the…
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Global Energy and Climate Model Accelerating Clean Cooking and Electricity Services Scenario (ACCESS)
Even as global energy demand continues to rise, billions of people in around 100 countries remain without access to basic modern energy services. Today nearly 2 billion people lack access to clean cooking and 730 million people lack access to electricity. Millions of households, businesses and public institutions such as clinics and schools operate without reliable modern energy. This limits productivity and hinders socioeconomic development. It also perpetuates the use of traditional biomass, with damaging consequences for health and the environment.The Accelerating Clean Cooking and Electricity Services Scenario (ACCESS) charts a path to achieve universal access to clean cooking and electricity based…
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State of Energy Policy 2026 Energy efficiency and fuel switching regulations
More than 130 countries have energy efficiency or fuel switching regulations in place, but some were revised, delayed or withdrawn in 2025 Energy use has become more efficient around the world since 2000. Global energy intensity has improved by around 30% over the past 25 years, meaning the world uses about 30% less energy per unit of economic output today than it did in 2000, with differentiated trends by key end uses: passenger cars and air conditioners have notably seen efficiency improvements for new sales of 30% and 45%, respectively since 2005. However, the pace of improvement has slowed over…
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Industry
Industry
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What Next for the Global Car Industry Policy and strategic actions
Highlights As global electric car markets grow, countries that are home to car manufacturing operations are faced with the challenging task of ensuring that the industry retains its domestic footprint and international revenues, or even expands downstream to become a larger supplier of final products that add more value to the economy. Among other factors, uncertainty about the pace of electrification and the cost gap with Chinese production mean most countries face tough choices as they pursue near- and long-term strategies to boost industrial competitiveness.Where the car industry aims at pursuing electrification strategies, there are public and private…
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Electricity Market Design
Building on strengths, addressing gaps Electricity markets play a central role in balancing supply and demand, guiding operational decisions and shaping investment outcomes. As systems change with higher shares of variable generation, greater decentralisation and evolving patterns of electricity use, the ability of market designs to deliver secure and affordable electricity has never been more critical. If market arrangements do not keep pace with these developments, the functioning of electricity systems could become more uncertain and more costly.This report provides a cross-regional assessment of how wholesale electricity markets and their complementary policy mechanisms are performing today. We find…
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Bioenergy
Led by bioenergy, renewable fuels could approach 6% of energy demand from industry, buildings and transport in 2030
By 2030, renewable fuels are set to account for 5.5% of energy consumption from the industry, building and transport sectors. Demand is due to expand in all regions, but it is concentrated in China, Brazil, Europe, India and the United States, which collectively support more than two-thirds of the forecasted growth. All five countries and regions have dedicated support policies for several – and, in some cases, all – renewable fuels. These vary by fuel, sector and country, but they often include…
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China’s Official Energy Finance in Emerging and Developing Economies Case 6. CNOOC investment in Guyana: Whiptail Oil Field
Project overview and impact Guyana has become a dynamic upstream oil market, transforming from a non-producer to an emerging oil exporter within the decade. Since the first discovery of oil in the Stabroek Block in 2015, six large-scale developments have been approved, turning the area into a central pillar of the country’s economic strategy. Production is expected to exceed 1.3 million barrels per day by 2027, making Guyana one of the largest per-capita oil producers globally. The government’s production sharing contract allocates 14.5% of total crude output to the state, with the remainder…
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Albania
Albania’s Ministry of Energy recently launched an auction round for the construction of the country’s first large-scale solar plant. The country also has a National Strategy of Energy, which aims to develop an effective energy sector that guarantees security of energy supply and efficient use of energy.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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