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Global Hydrogen Review 2026 Production
Global hydrogen production remains dominated by unabated fossil fuels. Low-emissions hydrogen production reached almost 1 Mt in 2025 and is expected to register record growth in 2026, accounting for more than 1% of global production, strongly concentrated in China, Europe and North America.Installed electrolysis capacity doubled in 2025 to surpass 4 GW, thanks to the commissioning of several large-scale projects in China. More than 2.5 GW are under construction, targeting operation in 2026. Growth is expected mostly in Europe, with 2 GW, but is highly concentrated in a small number of big projects.One large project for production from fossil…
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Gaining an Edge Energy demand and competitiveness
Energy is at the centre of competitiveness amid high costs, growing demand, and rising trade pressures Energy is a vital input into all productive sectors of the economy. In an environment of fierce global competition and shifting trade patterns, energy costs are a major determinant of long-term investment, jobs and business competitiveness. Finding ways to reduce energy costs while producing more or better products is good for both profitability and overall economic growth. While energy prices are volatile in many countries, recent high prices combined with instability and fragmentation in energy markets have widened energy price gaps between regions…
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Competitiveness
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores competitiveness. Why is energy efficiency important for competitiveness? Increasing energy efficiency can improve competitiveness at both the firm level – by reducing costs, improving operations and increasing product value – and at the country level, by reducing the amount of energy required to produce economic output. Key facts Today the world’s industries produce nearly 20% more value added with a given amount of energy, compared with two decades ago. In the industrial sector, energy management can lead to more than 10% in annual energy cost savings within…
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Hungary
Hungary was among the first countries globally, in June 2020, to make a legal commitment to become carbon neutral by 2050 and plans to phase out coal by 2030 at the latest. Enhanced energy efficiency, increased renewable and nuclear electricity and electrification of end-use sectors are identified as the key drivers towards the 2050 target. Hungary plans to build two new nuclear unit and while solar PV has grown notably, wind lacks behind its potential but the change in siting limits for wind turbines are likely to have a positive impact on the sector.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Global Hydrogen Review 2025 Executive summary
The hydrogen sector continues to grow despite persistent barriers and project cancellations Global hydrogen demand increased to almost 100 million tonnes (Mt) in 2024, up 2% from 2023 and in line with overall energy demand growth. This rise was driven by greater use in sectors that have traditionally consumed hydrogen, like oil refining and industry. Demand from new applications accounted for less than 1% of the total and was almost entirely concentrated in biofuels production. The supply of hydrogen continued to be dominated by fossil fuels, using 290 billion cubic metres (bcm) of natural gas and 90 million tonnes of coal equivalent (Mtce…
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Breakthrough Agenda Report 2025 Hydrogen
State of the transition Emissions Hydrogen production today is associated with emissions of almost 1 300 Mt CO2 equivalent (CO2-eq) and there has been no progress in reducing them – in contrast, emissions have edged up in recent years.However, the increase in global production (which neared 100 Mt in 2024) has kept the global average emissions intensity of hydrogen production almost constant over the past 5 years. Costs Renewable and low-carbon hydrogen remains more expensive than hydrogen from unabated fossil fuels.The cost gap has increased recently due to slower-than-expected deployment, inflation and the fall in fossil fuel prices.Electrolyser…
- Executive summary
- Power
- Hydrogen
- Road transport
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Bolivia
A quarter of the electricity generated in Bolivia comes from renewables. On the other hand, 12% of the population still does not have access to electricity. The government has launched the Bolivia Electric Plan 2020-2025 to support the expansion of the electricity grid with a strong emphasis on renewables.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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World Energy Employment 2024 Executive summary
Global energy employment outperformed broader labour market trends in 2023. The global energy sector added nearly 2.5 million jobs in 2023 on the back of rising investment, bringing total employment to over 67 million workers. Employment in energy – which in this report includes energy supply, the power sector, end-use efficiency and vehicle manufacturing – rose by 3.8%, outpacing the economy-wide average of 2.2%. Energy job growth was fuelled by record levels of investment across a wide range of energy sources in the wake of the global energy crisis. As a result, jobs grew rapidly in both…
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Southeast Asia Energy Outlook 2026 Energy outlook to 2050 based on today’s policy settings
Southeast Asia becomes one of the main engines of global energy demand growth under today’s policy settings. In the Stated Policies Scenario, the region contributes around 20% of the increase in global energy demand to 2035, supported by sustained economic expansion, rapid electrification and its growing role as a global manufacturing hub. Clean energy expands, but not fast enough to displace fossil fuels. In the STEPS, clean energy meets over 40% of incremental demand growth to 2035, while fossil fuels still meet around 60%. In the Current Policies Scenario, slower policy implementation, financing constraints and power system integration challenges…
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What Next for the Global Car Industry The importance of the growth in EV sales for the car industry
Highlights In 2024, more than one-fifth of all cars sold globally were electric. Policies remain key to growth in many regions, although falling prices make affordability an increasingly important driver. In China, two-thirds of battery electric cars sold in 2024 were cheaper than internal combustion engine (ICE) equivalents. In other major markets like Europe and North America, electric cars remain more expensive on average. But prices have been falling in many emerging economies on the back of affordable Chinese imports; in Southeast Asia, this helped push the share of electric car sales to 9% in 2024, almost double…
