-
Energy security
…driven by strong energy efficiency improvements in the industrial sector. Meanwhile, in Japan the strongest reductions were in oil imports, due to some of the most stringent fuel economy standards both for passenger and commercial vehicles. A closer look at electricity security Energy efficiency and demand response policies can also contribute to electricity security by reducing the risk of outages resulting from peak demand.Different programmes have demonstrated success in reducing peak electricity demand and preventing outages. Studies in the United Kingdom and the United States show that real-time feedback and pre-event communications lead to reductions in consumption…
-
David Martin
Senior Oil Market Analyst.
-
Global Energy and Climate Model Understanding GEC Model scenarios
…The Current Policies Scenario (CPS) and the Stated Policies Scenario (STEPS) are exploratory, in that they define a set of starting conditions, such as policies and targets, and see where they lead based on model representations of energy systems that reflect market dynamics and technological progress.In addition, we include three scenarios that have normative elements relating to energy access or the achievement of various goals related to emissions. This means that these scenarios work toward a defined outcome and map out a way to achieve it. The Accelerating Clean Cooking and Electricity Services Scenario (ACCESS) - an additional scenario included…
-
Global Hydrogen Review 2026 Production
…any chance of being in operation by 2030 if investment decisions are not taken before the end of 2027.Electrolyser manufacturing is entering a consolidation phase, due to slow market development. China leads electrolysis manufacturing thanks to low costs and experience with large projects, but some signs of consolidation are also arising there, due to unsustainable domestic competition driven by excess capacity and offers below manufacturing costs. As a response, many manufacturers are looking to expand markets outside of China.In the near term, fossil-based production will remain less costly than renewable hydrogen in most parts of the world…
-
Grid investments
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores grid investments. Why is energy efficiency important for grid investments? As we enter the Age of Electricity, global electricity demand is rising rapidly – and so is the demand for the expansion of electricity grids. Energy efficiency can help close the gap between supply and demand, but often at a lower cost, and more quickly, than new generation and grid expansion. Key facts On average, energy efficiency costs less than half the amount it would cost to build new generation capacity and grid infrastructure, per unit of…
-
World Energy Employment 2025 Executive summary
…4 million energy workers have been added – about 2.4% of all new jobs globally. In some countries, its contribution is far larger, reaching one in five new jobs in China and one in ten in the United States since 2022. The pace of the expansion in recent years marked a step change from pre-pandemic trends, when the energy sector added less than a third as many jobs annually than during the years between 2019 and 2024. The electricity sector is now the largest energy employer, surpassing fuel supply for the first time, as the Age of Electricity gathers pace…
-
Heat Pump Taxonomy
…that of conventional heating technologies is essential for understanding future needs with regards to energy demand, investments in electricity infrastructure and fuel supply.Despite their growing importance, data on heat pump installations, as well as on their performance and cost, remain fragmented and inconsistent across regions as reporting practices differ in scope, definitions and metrics used.The Heat Pump Taxonomy Project, led by the IEA in collaboration with stakeholders from over 50 institutions, has developed a proposed taxonomy that focuses initially on heat pumps used as primary heating equipment in buildings, and that could be gradually expanded to other sectors…
-
Critical Minerals
…with experts on the sidelines of the IEA’s 2026 Ministerial Meeting. Key findings Diversification is the cornerstone of energy security, yet critical minerals are moving in the opposite direction Critical mineral markets have become more concentrated, not less, particularly when it comes to refining and processing. For copper, lithium, nickel, cobalt, graphite and rare earth elements, the average market share of the top three refining nations rose to 86% in 2024 from around 82% in 2020, with almost all supply growth coming from the single top supplier: Indonesia for nickel, and China for all others.
While policy makers have… -
Emission reductions
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores emission reductions. Why is energy efficiency important for emission reductions? Energy efficiency can reduce emissions of greenhouse gases and air pollutants and make the energy system more sustainable. Key facts Since 2010, efficiency measures avoided energy-related carbon dioxide (CO₂) emissions equivalent to nearly 20% of the global total in 2023. This is more than the entire energy-related emissions of India and the European Union combined. Accelerating efficiency improvements could deliver a third of all energy-related CO₂ emission reductions between now and 2030 in…
-
World Energy Investment 2025 Japan and Korea
…11th Basic Plan for Electricity Supply and Demand highlighted the importance of energy security to meet the country’s rapid increase in electricity demand spurred by advanced industries such as artificial intelligence (AI) data centres, semiconductors, and chip and battery manufacturing. Policy initiatives such as Japan’s capacity market operations and Korea’s 20% reserve margin targets, along with public–private co‑operation, will play a critical role in meeting the growth in electricity demand.In the next decade, promoting renewable power will be crucial for securing energy supplies and increasing domestic energy supply to alleviate pressure on the trade balance…
