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Flagship report
Jun 2025
World Energy Investment 2025 How we track investment in energy
…year 2024 US dollars, adjusted using country-level gross domestic product (GDP) deflators and 2024 exchange rates. Unless otherwise stated, all time series and historical comparisons are presented in real 2024 US dollar terms, adjusted for inflation.This investment approach mirrors real-world practices and aligns with capital expenditure in financial reporting. In reality, time lags and varied spending occur between FID and project operation. Where possible, financial and energy performance metrics are included to better reflect asset turnover and capital commitment decisions. Other areas of spending – including operating and maintenance expenditures, R&D, financing costs, mergers and acquisitions or…
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Fuel report
Mar 2026
Oil Market Report - March 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 The war in the Middle East is creating the largest supply disruption in the history of the global oil market. With crude and oil product flows through the Strait of Hormuz plunging from around 20 mb/d before the war to a trickle currently, limited capacity…
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Commentary
17 Feb 2026
Sodium-ion battery momentum grows, but challenges remain
batteries commentary sodium batteries Recent technological advances and investment announcements suggest dynamics are shifting for sodium-ion batteries Sodium-ion batteries are emerging as a new player in battery markets, offering opportunities to diversify battery chemistries and supply chains at a time of rising global demand for electric vehicles and energy storage. Developed in laboratories since the early 1980s, sodium-ion batteries operate on the same fundamental principles as lithium‑ion batteries – which currently dominate the market – yet their path to commercialisation has been markedly slower.While lithium-ion batteries entered commercial use in the 1990s – with the first electric vehicles…
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Country report
Jul 2025
Lithuania 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Lithuania and the IEA. It draws on the IEA’s extensive…
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- Executive summary
- Hydrogen
- Road transport
- Steel
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+ 3 pages
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Technology report
Mar 2025
Demand and Supply Measures for the Steel and Cement Transition Executive summary
The seeds for producing and using near-zero emissions materials have been planted, but acceleration is needed The industry sector requires a massive scale-up of markets for transformative near-zero emissions materials to contribute to the achievement of internationally-agreed government objectives for net zero emissions. Such scale-up requires the production and use of these materials to grow from essentially zero today to capture nearly the entire market within the next few decades, shifting away from high-emissions conventional production and demand. The steel and cement sectors account for 14% of global energy and process-related emissions on…
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Report
Oct 2025
Breakthrough Agenda Report 2025 Executive summary
The value of international collaboration in the current context Well-targeted international collaboration can amplify domestic efforts to reduce emissions and deploy low-emission technologies and solutions. Acting together, countries, companies and global initiatives are in the unique position to harmonise standards, aggregate demand, mobilise finance and move markets in ways that are nearly impossible to achieve in isolation. Geopolitical tensions and economic uncertainty are testing the resilience of international co-operation, but also underscore its importance to avoid fragmentation of global markets and delaying action on emissions reductions. This report therefore identifies many practical opportunities for countries to work…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Flagship report
Oct 2022
World Energy Outlook 2022 Outlook for solid fuels
…the late 2020s. In the Net Zero Emissions by 2050 (NZE) Scenario, demand falls 45% by 2030 and 90% by 2050.There is very limited use of carbon capture, utilisation and storage (CCUS) with coal in the STEPS. Around 500 Mtce of coal consumed in 2050 is equipped with CCUS in both the APS and NZE Scenario, corresponding to around 30% of coal demand in the APS and more than 80% in the NZE Scenario in 2050. Unabated coal use drops by 99% between 2021 and 2050 in the NZE Scenario.Following the European Union ban on Russian imports, a short…
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Topic
Investment
This initiative includes a dashboard that offers free data on financing costs for clean energy projects, tools and analysis to help governments identify and address investment risks, and case studies showcasing successful strategies for mobilising capital. This initiative includes a dashboard that offers free data on financing costs for clean energy projects, tools and analysis to help governments identify and address investment risks, and case studies showcasing successful strategies for mobilising capital. Globally, energy investment by governments, households and businesses is expected to reach a new high of $3.3 trillion in 2025. How this spending is allocated has major…
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Country
Slovak Republic
The key objectives of the Slovak energy policy agenda are: increasing efficiency in the power and end‐use sectors, reducing energy intensity, reducing dependence on energy imports, expanding the use of nuclear power, increasing the share of renewables in the heat and electricity sectors, and supporting the use of alternative fuels for transport. With these sound objectives in place, the government should now focus on the cost‐effective implementation of concrete actions. Mining of coal for electricity production ended in 2023 and an additional nuclear unit was commissioned. The country remains dependent on energy imports from Russia, making energy security…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages