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            • Oil Market Report - June 2026

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                • Country

                Finland

                Finland has one of the most ambitious climate targets, a legal obligation to reach carbon neutrality by 2035. It is making progress towards this target and has one of the lowest levels of reliance on fossil fuels among IEA member countries. Finland’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. A continued push towards the energy transition is needed, as imported fossil fuels still account for over one-third of energy supply and cover higher shares in transport and key industries.

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                • Policy

                • Spain

                • 2021

                Spain’s aid for small municipalities

                …entities undertaking local clean energy projects in these municipalities, such as energy efficiency projects in public and residential buildings and public infrastructure – notably public lighting – as well as sustainable mobility, by promotion by municipalities in the deployment of electric vehicle charging infrastructure. The DUS 5000 programme has a budget of EUR 75 million, financed through the European Recovery and Resilience Mechanism, will run until November 2022. This scheme is complemented by another mechanism called “PREE 5,000” which aims to promote energy efficient building retrofits in rural areas. Both programmes are administered by the Institute for Energy Savings and Diversification …

                • Country

                Moldova

                Moldova is almost fully dependent on fossil fuel and electricity imports, with natural gas serving most of its energy needs. The government plans to diversify the energy mix with renewables such as wind and solar. Moldova is part of the EU4Energy Programme, which focuses on improving evidence-based policy making for the energy sector.

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                • Country

                Turkmenistan

                Turkmenistan’s government is continuously investing in oil and gas, to modernise and expand the electricity and heat sector by 2020. Moreover, the energy sector is almost fully subsidised, with citizens receiving free electricity, heat and gas up to a certain level of consumption, until 2030, but the government is taking steps to reduce subsidies to curb domestic demand and increase exports. Turkmenistan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • Country

                Norway

                Norway has set ambitious targets for reducing greenhouse gas emissions and establishing a low-emissions society by 2050. As an energy-rich country, Norway is in a unique starting position with respect to the energy transition. An abundance of affordable hydropower has enabled the development of energy-intensive industries and a high level of electrification of homes and businesses with limited greenhouse gas emissions. At the same time, as a major oil and gas producer and exporter, Norway will need to support an evolution of its energy sector amid the global energy transition. Altogether, Norway has the opportunity to lead…

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                • Policy

                • Germany

                • 2000

                Agreement with Industry on CO2 Emissions Cuts

                …further 45 million tonnes in 2010. A special focus is the greater use of cogeneration, which will allow 23 million tonnes of CO2 emissions to be avoided in 2010. To support this measure, the German government introduced new legislation for sustaining, modernising, and expanding cogeneration. The programme on VAs is further supplemented by low interest loans given to enterprises wanting to make investments in energy savings. Kreditanstalt für Wiederaufbau (KfW) and Deutsche Ausgleichsbank (DtA) run pollution control programmes to provide funding to these enterprises. In particular, this organisation provides low-interest loans to medium-sized private businesses for cogeneration projects.

                • Country

                Azerbaijan

                Azerbaijan has one of the highest energy self-sufficiency ratios in the world as a major crude oil and natural gas producer. While the renewable sector has not seen as much attention, the government is now looking to stimulate investment and accelerate deployment, allowing for diversification of domestic energy consumption. In addition, the government is working on a new energy strategy that will set the stage for further policy shifts. Azerbaijan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                Guatemala

                The National Energy Plan of Guatemala defines the promotion of renewables as a priority. The plan aims to promote the use of clean and environmentally friendly energy for domestic consumption without losing sight of energy security and the need for supplying electricity at competitive prices.

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