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Executive Director meets with Prime Minister of Japan to discuss energy security amid war in Middle East
…had a bilateral meeting with Minister of Economy, Trade and Industry Ryōsei Akazawa in which they discussed the economic effects of the energy market disruptions, particularly in the Asia-Pacific region, as well as the implementation of the IEA emergency oil stock release. They also spoke about the longer-term implications of the crisis for energy security.Dr Birol’s visit to Tokyo followed his meetings with Prime Minister Anthony Albanese of Australia and other leaders from Australian government and industry in Canberra earlier this week. Dr Birol meeting with Japan's Minister of Economy, Trade and Industry Ryōsei Akazawa
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The mega batteries transforming power systems
…a result, these batteries have become a significant source of short-term flexibility for power systems, with a growing role in supporting the security of energy supply more broadly.
The strong growth is especially notable in regions with rapidly rising shares of solar and wind in electricity generation. Markets such as California, Germany, South Australia, Texas and the United Kingdom have all seen robust deployment of utility‑scale battery storage in recent years. In these places, batteries are increasingly available to meet demand when it peaks, such as in the late afternoon or early evening.
Battery costs continue to fall, enhancing…
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The energy crisis and electrification
…persist due to issues such as affordability, grid readiness or technology risk.
The IEA continues to track these developments around the world. At a recent high-level event in Bonn, the COP31 Presidencies of Türkiye and Australia announced that they had officially commissioned https://x.com/fbirol/status/2064427826934055184?s=20 the IEA to produce a special report this year on how to accelerate electrification in line with increasing electricity’s share of final energy consumption globally from around 20% today to 35% by 2035.
In the European Union, electrification is a central part of reaching goals on energy security, competitiveness…
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Luxembourg
Luxembourg has a fossil fuel intensive energy mix driven by a high demand for transportation fuels, notably from transiting freight trucks and commuters. Despite this demand, the country is committed to reducing emissions. Its climate law sets targets for a 55% emission reduction by 2030 and climate neutrality target by 2050. The government has adopted numerous measures to push for energy transition, including a carbon tax which was introduced in 2020 and encouraging renewable generation through subsidies and auctions. Several programmes also support energy efficiency in buildings, industry and transportation, with a target for 49% of all passenger cars to…
- Overview
- Energy mix
- Emissions
- Electricity
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Natural Gas
The coming LNG wave is set to profoundly transform the global gas market
Global gas markets, which have been tight and volatile for several years, are set to undergo major changes by the end of this decade. The unfolding coming wave of liquefied natural gas (LNG) production capacity is set to rebalance the global gas market, enhance energy supply security and improve the affordability of natural gas.
About 300 billion cubic metres (bcm) per year of LNG export capacity – a record – is set to be added by 2030, primarily supported by liquefaction capacity additions in the United States and Qatar…
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Viet Nam
In recent years, Viet Nam has increased its non-hydro renewable capacity targets in its power development plan, from 9.4% to 21% of total installed capacity in 2030, and decreased the share of coal-fired capacity from 52% to 43%.
- Overview
- Energy mix
- Emissions
- Electricity
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Chile
Chile’s energy policy has evolved dynamically in recent years. In response to changes in the domestic and international environment, significant institutional and policy reforms as well as major infrastructure projects have been carried out. In 2022, Chile’s Ministry of Energy published an update to its the Long-Term Energy Policy (PELP, first published in 2015), which re-emphasises the pledge to net-zero, laying out a clear decarbonisation pathway that addresses all sectors of the national economy.
Based on its excellent renewable energy resources, Chile has taken a globally leading role in clean energy, and emerged as a…- Overview
- Energy mix
- Emissions
- Electricity
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Coal
Global coal demand to remain on a plateau in 2025 and 2026
Despite unusual trends across several major markets in the first half of 2025, global coal demand is likely to remain broadly unchanged to 2027 as underlying structural drivers of the world’s coal use remain stable.
Global coal demand increased to a new all-time high in 2024 of around 8.8 billion tonnes, up 1.5% from 2023, as rising consumption in China, India, Indonesia and other emerging economies more than offset declines in advanced economies in Europe, North America and northeast Asia. However, several of those…
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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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Poland
Poland’s energy system has seen progress on energy transition, despite its reliance on domestic hard coal and lignite. For example, Poland has one of the fastest growing solar PV markets in the European Union and has also seen a strong uptake of heat pumps. Poland is pushing to become a major player in offshore wind, aiming for at least 3.4 GW of capacity by 2030. However, stronger efforts are needed across all sectors to accelerate energy transition and Poland would benefit from greater electricity interconnections with the rest of Europe.
- Overview
- Energy mix
- Emissions
- Electricity
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