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Southeast Asia Energy Outlook 2026 Southeast Asia’s energy challenges and emerging opportunities
…announced climate pledges would cut the 2035 fossil fuel import bill to around half this level. Renewables, electrification and efficiency therefore offer long-term security as well as emissions benefits. Developing domestic oil and gas resources where geologically and economically viable, and enhancing the resilience of oil supply through diversification and refinery system flexibility also contribute region’s resilient energy system. Some countries turn to coal when gas prices spike, but coal use entails broader risks, including CO₂ emissions and air pollution, which contributed to an estimated 330 000 premature deaths in 2024. Measures implemented as of 7 May 2026…
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Global Energy Review 2025 Global trends
…increasing by 4.3% in 2024. The absolute increase in demand was the largest ever recorded (excluding the jumps in years when the global economy recovered from recession). This reflects structural trends such as growing access to electricity-intensive appliances like air conditioning and a shift towards electricity-intensive manufacturing, as well as increasing power demand from digitalisation, data centres and AI, and the increasing electrification of end-uses. In all, the power sector made up three-fifths of the total increase in global energy demand. Renewables accounted for the largest share of the growth in total energy supply (38…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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Gas Market Report, Q2-2025 Executive summary
…10% y-o-y as lower renewable electricity output supported higher gas burn in the power sector. Periods of low wind power generation highlighted the key role gas-fired power plants can play in ensuring electricity supply security in energy markets increasingly dominated by variable renewables. In North America, a colder winter pushed natural gas consumption to an all-time high, with demand growth largely supported by stronger gas use in buildings. In contrast, gas demand growth slowed significantly in Asia, with China’s gas demand declining by around 2% y-o-y in the November 2024-February 2025 period…
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World Energy Investment 2025 Middle East
…in the latest two licensing rounds.In the power sector, natural gas provides two-thirds of the region’s power, and the Middle East, together with the United States, accounted for nearly half of all new natural gas-fired financial investment decisions in 2024. The region also has growing contributions from renewables and nuclear, which have doubled their share since 2015 to reach almost 15% in 2024. Overall clean energy investment for generation is expected to be around USD 10 billion in 2025. The region is also responsible for the majority of global fossil fuel subsidies, which dwarf its total power investment…
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Gas Market Report, Q3-2025 Executive summary
Following a slowdown in 2025, global gas demand growth is forecast to accelerate in 2026 Global natural gas demand returned to structural growth in 2024 and continued to expand in the first half of 2025, albeit at a markedly slower pace. Growth was primarily concentrated in Europe and North America, with adverse weather leading to stronger gas use in the buildings and power sectors. In contrast, gas demand was subdued in Asia, with both China and India recording demand declines in the first half of 2025. Market fundamentals remained tight in the first half of 2025 due to a combination…
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Electricity Mid-Year Update 2025 Executive summary
…in 2024 following consecutive declines in 2022 and 2023, a significant recovery has still not been observed as of the first half of 2025. The first half of 2025 showed contrasting trends across regions in thermal generation In the first half of 2025, while coal-fired generation declined year-on-year in China and India, it increased in the United States and the European Union. The declines in China and India were due to more moderate demand growth compared with the same period in 2024 and strong expansion in output from renewables. By contrast, in the United States, both renewable…
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Artificial Intelligence
…by both businesses and individuals. Though significant uncertainties remain, AI has the potential to transform the energy sector in the coming decade. It is set to drive a surge in electricity demand from data centres around the world while also unlocking significant opportunities to cut costs, enhance competitiveness and reduce emissions.To better understand the growing connections between energy and AI, the IEA launched a major new initiative in 2024: Energy for AI, and AI for Energy. As part of this work, the IEA organised the Global Conference on Energy and AI, a first-of-its-kind platform for dialogue…
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China’s Official Energy Finance in Emerging and Developing Economies Case 2. Southern power grid’s acquisition of Enel Peru distribution assets
…grid spending has not kept pace, with less than USD 0.5 invested in networks and storage for every dollar spent on new generation. Strengthening distribution systems, especially in rapidly expanding urban areas, is essential to integrate more renewables. Peru is no exception. Although its electricity demand has grown steadily, network modernisation has lagged behind regional leaders, and the expansion of renewable capacity will require more robust and flexible distribution systems. Enel Distribución Perú, the country’s largest distributor, has played a central role in supplying Lima and Callao since the 1990s. When Enel announced in 2022 that it would…
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State of Energy Policy 2026 Government energy spending
…reaching around 1.4% of total direct government expenditure in 2025. Levels have varied by country, with some reaching up to 5% of general expenditure. Although spending fell from its peak in 2023, disbursements in 2024 and 2025 remained significantly higher than in the 2010s, reaching respectively around USD 370 billion and USD 405 billion. Other economic sectors saw more modest growth: spending on areas such as health and social protection rose broadly in line with general total expenditure, by around 1.4 times over the same period, compared with more than doubling for energy.Energy provisions in national plans following the…
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Electricity 2026 Emissions
…emissions are projected to drop substantially, by an average 11% per year over the forecast period. Global CO2 intensity decline accelerates as low-carbon generation rapidly expands Global CO2-intensity from electricity generation contracted by an estimated 3% in 2025, after a 2.6% reduction in in 2024. An increasing share of renewables and robust output in nuclear energy generation are driving this trend. We forecast CO2 intensity to fall even faster over our forecast period, at an annual average rate of 3.7%, down from 435 g CO2/kWh in 2025 to 360 g CO2/kWh in 2030.Many regions are expected…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
