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Global Hydrogen Review 2025 Demand
…In shipping, the fleet of ships able to use hydrogen-based fuels is growing and offtake agreement activity has increased, but concerns about supply availability are slightly slowing down momentum. The recent approval of the IMO Net-Zero Framework could provide a boost, but its impact is uncertain, as it may favour first-generation biofuels or even liquefied natural gas (LNG) in the short term.In the power sector, progress remains slow and mostly concentrated in Japan and Korea, where policy support is helping first movers to progress with projects and building on learning from setbacks under early support programmes.
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Austria
Austria is committed to reaching climate neutrality by 2040. Over three quarter of electricity generation already comes from renewables, with a target of achieving a 100% renewable electricity supply by 2030 (national balance). This requires investments to make networks more resilient and flexible, optimise demand side management, and updating the legal and regulatory framework to allow more consumer participation. Buildings and transport account for around half of total emissions . To progress the transition in these sectors, the government supports building renovation, switching from fossil fuels to sustainable heating systems, the electrification of transport and invests in public transport infrastructure.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Sheltering From Oil Shocks Targeted consumer support to enhance energy affordability
Many governments around the world are reacting quickly to protect consumers from increasing fuel prices. In the days following the conflict in the Middle East, the IEA has tracked announcements from around 40 countries that are deploying or considering deploying emergency measures to shelter consumers from price increases. Immediate government responses have been to implement price caps, fuel subsidies and shifts in taxation, along with price stabilisation mechanisms that can quickly set limits on consumer price increases. Previous crises, including the Covid-19 pandemic and the 2022 energy crisis, demonstrated that impacts often fall disproportionately on the poorer segments of…
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Korea 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Korea and the IEA. It draws on the IEA’s extensive…
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Mongolia
Coal is the first source of electricity generation in Mongolia, but the country has recently begun using hydro, solar and wind power, and has adopted a law aiming to increase and regulate the use of renewables.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Gas Market Lessons from the 2022-2023 Energy Crisis Policy response to the crisis
…continent. Additionally, EU policy and regulation emphasised the importance of adequate infrastructure and its efficient use. These measures supported continued investment in interconnections with financial support and accelerated permitting for key cross-border infrastructure projects through Projects of Common Interest and Projects of Mutual Interest. The measures also introduced bidirectional flow obligations at cross-border pipeline interconnection points between member states.The European Union’s gas market design – the product of a long-term and concerted regulatory effort – acted as the foundation for the continent’s resilience in managing the 2022-2023 gas supply shock, providing predictability in market functioning…
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Egypt
Egypt has initiated a number of energy sector reforms, gradually reducing electricity subsidies and introducing feed-in tariffs to promote renewable energy production. The energy sector reforms recently initiated by the country have resulted in a significant increase in investments which have boosted electricity production over the last 5 years and ensured a stable supply across the country.
Egypt also has plans to increase the share of renewables in the electricity mix to 42% by 2035.- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Breakthrough Agenda Report 2026 Buildings
Buildings
- Executive summary
- Hydrogen
- Road transport
- Steel
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+ 3 pages
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Coal Mid-Year Update 2025 Prices
In the last 12 months, all major coal price indices declined The global coal market has undergone a gradual normalisation since the peak of the 2022 energy crisis, when thermal coal prices soared above USD 400 per tonne across multiple benchmarks. This extraordinary price spike briefly saw thermal coal trading at a premium to coking coal.By 2023, as energy markets broadly recalibrated, coal prices began to ease. The traditional pricing hierarchy reasserted itself, with coking coal once again priced above thermal coal. This shift reflected a normalisation of market conditions, improving supply-demand balances. Notably, tight coking coal supply from…
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Scaling Up Transition Finance What is transition finance?
Developments and current status Many energy investments defy a simple binary classification between “clean” and “dirty”: there are also the “in-between” investments that can deliver material emissions reductions but that do not bring emissions to zero. These investments have historically been difficult to categorise due to differences in energy pathways and timeframes across regions and have been the subject of debate, including over whether and how they should be supported.Transition finance refers to financial activities that can contribute to emissions reductions, particularly in hard-to-abate sectors as well as in emerging market and developing economies (EMDE) where…
