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Global EV Outlook 2025 Outlook for energy demand
Electricity demand Electric vehicles could account for more than 4% of European electricity demand by 2030 In 2024, the global fleet of EVs consumed around 180 TWh of electricity, almost 60% more than the previous year. To put this in perspective, 180 TWh is more than the annual electricity consumption of Argentina. At the global level, EVs represented about 0.7% of final electricity consumption in 2024.The stock of EVs is set to more than triple to 2030, but electricity demand could increase more than fourfold, reaching 780 TWh in the STEPS. This is driven by increasing consumption from electric trucks, as…
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Scaling Up Transition Finance
Scaling Up
Transition
Finance Actions by emissions-intensive sectors, companies and countries are crucial to placing the world on a sustainable pathway. Yet investments that could deliver meaningful reductions in their environmental footprint often do not receive sufficient financial support. Currently, finance is drawn heavily to certain “green” assets and activities. While vital, these investments alone cannot deliver all the changes needed to cut global emissions, especially in areas where clean technologies are not yet commercially available or cost-competitive. This is where transition finance comes in: it can help emissions-intensive countries, companies and sectors shift over time towards…
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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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Global Hydrogen Review 2026 Progress summary dashboard
Production Electrolysers Policies Investment
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Sheltering From Oil Shocks
Measures to reduce impacts on households and businesses The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz. The loss of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel, jet fuel and liquefied petroleum gas (LPG). Concerns are growing about the impacts of higher prices on households, businesses and the broader economy.In this report, the…
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Renewables 2025 Biogases
Policy attention to biogas and biomethane has increased significantly in the past five years Since 2020, more than 50 new policies have been introduced around the world, as more countries recognise the potential role of biogas and biomethane in the transition to sustainable energy systems. Several key factors are driving this surge. First is the growing importance of energy security following the energy crisis triggered by Russia’s invasion of Ukraine and recent geopolitical developments. Second is the need to accelerate decarbonisation in hard-to-abate sectors, together with growing emphasis on methane emissions reductions. Third, countries are paying more…
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Sustainable Transport Policy for Armenia: A Roadmap Policy recommendations and milestones
As Armenia shifts toward a sustainable transport sector, a clear roadmap with structured policy recommendations and milestones is essential. To be sure, the transition faces challenges ranging from geopolitical risks to resource limitations. However, it also offers significant opportunities to lower CO2 emissions, improve transport accessibility for people and businesses, enhance regional and international connectivity and wean Armenia from its dependence on imported fossil fuels.In the summary below, the recommendations offered in this roadmap have been grouped into three categories to help the government prioritise its actions effectively and ensure a systematic transition toward low-carbon mobility. Each category…
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Canada is set to play a leading role in supplying the world with responsibly produced critical minerals
Commentary Already a mining hub, Canada could play a big part in diversifying global mineral supply chains Since 2023, the IEA has been conducting Critical Mineral Reviews – in-depth country reviews of critical mineral policies and security that have served as part of the Agency’s pioneering work to ensure secure mineral supply chains. The latest Critical Minerals Review of Canada shows that at a time of increasing concentration risks, including from export controls by the dominant supplier, Canada has the potential to contribute to the development of secure, diversified and competitive global supply chains for critical minerals.Canada can…
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Policy Toolbox for Industrial Decarbonisation
The Policy Toolbox for Industrial Decarbonisation is a repository of policy instruments available to assist governments as they design, develop and implement their strategies for industrial decarbonisation. This work, undertaken as part of the Climate Club's Work Programme, builds on the policy toolbox outlined in IEA’s 2022 Achieving Net Zero Heavy Industry Sectors in G7 Members report, with the addition of further details on the instruments and considerations for implementation.A robust industrial decarbonisation policy strategy is likely to include multiple different instruments, as governments choose the instruments that are most suited to their individual circumstances and objectives…
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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…
