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Austria 2026 Executive summary
Austria has one of the most ambitious climate and energy targets in the world; achieving them requires actionable delivery strategies and adequate funding. The country’s commitments to climate neutrality by 2040 – a full decade ahead of the European Union (EU) – and a 100% renewable share in the national annual electricity balance by 2030 are bold. These goals are underpinned by a large hydropower fleet (accounting for around 60% of electricity generation), including 5.6 gigawatts (GW) of pumped hydro storage and a nationwide smart meter roll-out. Austria has the highest share of renewable energy in electricity consumption in the…
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Financing the Modernisation of Power Systems Beyond Coal Executive summary
The role of coal in power systems is evolving This report assesses the potential applications, limitations and relevance of transition credits in Southeast Asia. Coal is the largest source of power generation worldwide and the largest source of energy-related carbon dioxide emissions. All Southeast Asian countries with coal in their power generation mix have adopted commitments to reduce coal-fired generation or emissions targets that imply a significant decline in coal consumption in the coming decades. To meet these targets, the International Energy Agency (IEA) has long emphasised that a range of strategies can be deployed to reduce coal…
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Electricity Mid-Year Update 2025
Despite a slowdown in global economic growth prospects, the world’s electricity consumption increased strongly in the first half of 2025, driven by rising demand from industry, appliances, cooling, data centres and electrification. At the same time, electricity supply from renewables, natural gas and nuclear continues to grow, with all set to reach new milestones.This mid-year update follows the extensive Electricity 2025 report released in February, examining the latest trends and the outlook for the remainder of the year. It includes updated data for 2024 along with new forecasts for 2025 and 2026 covering areas such as global…
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Hydrogen Fuel Electric Train Unites Tender
In April 2025, Romania's hydrogen-powered train project, under 522M USD worth European funding through the National Recovery and Resilienve Plan(PNRR), received its first eligible offer from Siemens Mobility, now under technical evaluation.
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EUR 457 million for wind and solar
In March 2022, Romanian Ministry of Energy launched a state aid scheme for the financing of new capacity additions of wind and solar energy both for own consumption and sale. The scheme aims to support the installation of 950 MW of new capacity by 2024. Eligible beneficiaries are companies registered in Romania, which can draw up to EUR 1.3 million per MW of wind capacity and up to EUR 750,000 per MW of solar capacity.
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7 certainties about energy for this age of uncertainty
ED commentary The energy sector, like many others, is contending with a blizzard of uncertainties, complicating the work of policymakers, business leaders and investors.Geopolitical twists and turns are straining long-established relationships and upending deeply held assumptions. The World Uncertainty Index, devised by economists from the IMF and Stanford University, has hit unprecedented levels in recent months.But in this time of flux, there are still some important trends that we can identify with some confidence. Here are seven that can help us keep our bearings: The world has entered the age of electricity Oil and gas will still…
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Australia
Established under the 2022 Climate Change Act, Australia's climate goals include doubling emissions reductions by 2030 and reaching Net Zero emissions by 2050, while ensuring a just and inclusive energy transition through the guidance of the Net Zero Authority under the Prime Minister’s office. By 2030, the government aims to reach the clean electricity target of 82% of renewable energy. In addition to this target, Australia is implementing a new 2030 critical minerals strategy and gas market reforms to boost energy security during the transition. Flexibility, fuel availability and resilient infrastructure will become even more vital as Australia…
- Overview
- Energy mix
- Emissions
- Electricity
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State of Energy Policy 2026
The IEA State of Energy Policy 2026 report provides with a unique review of policy progress made in 2025 across all energy sectors and instruments, with a special focus on government spending, energy efficiency regulations, and the contribution of the energy sector to nationally determined contributions and long-term net zero pledges.This year’s report brings an extensive examination of energy security policies to the period 1973-2025, from oil and natural gas to clean energy technology supply chains and critical minerals. It also spotlights the policy momentum around energy access, most particularly in sub-Saharan Africa, taking stock…
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Global Methane Tracker 2026 Regional insights
Central and South America The fossil fuel sector in Central and South America emitted just under 8 million tonnes (Mt) of methane in 2025, around half of which was from oil and gas facilities in Venezuela. Oil and gas facilities are the main sources of methane emissions in Venezuela, Argentina and Brazil, whereas in Colombia emissions are split roughly evenly between coal mining and oil and gas activities. In Venezuela, the upstream methane emissions intensity of oil and gas operations is nearly six times the global average, and flaring intensity is around 12 times higher. The intensities of operations in Argentina…
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Natural Gas
Natural Gas
