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World Energy Investment 2025 European Union
Energy investment in the European Union has shifted over the past decade to low-emissions generation. Grid investment is key to EU price convergence and market stability In the past decade, the European Union (EU) has increased its commitment to clean energy, with investment reaching almost USD 390 billion in 2025. Investment in low-emissions electricity was driven by the global energy crisis that followed Russia’s full-scale invasion of Ukraine in 2022, subsequent favourable policy incentives and the declining cost of renewable technologies. In 2024 renewables generated 50% of electricity used in the EU, while fossil fuels accounted…
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Renewables 2025 Executive summary
Renewables’ global growth, driven by solar PV, remains strong amid rising headwinds Global renewable power capacity is expected to double between now and 2030, increasing by 4 600 gigawatts (GW). This is roughly the equivalent of adding China, the European Union and Japan’s power generation capacity combined to the global energy mix. Solar PV accounts for almost 80% of the global increase, followed by wind, hydropower, bioenergy and geothermal. In more than 80% of countries worldwide, renewable power capacity is set to grow faster between 2025 and 2030 than it did over the previous five-year period. However, challenges including…
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World Energy Investment 2025 Middle East
The Middle East is rich in a wide range of energy resources, which it is looking to develop with a mix of foreign and domestic sources of investment The Middle East holds some of the lowest-cost oil and gas resources in the world, and in 2024 provided around 30% of global oil production and 17% of global natural gas production. Saudi Arabia’s upstream oil and gas investment is the highest in the region, and is set to reach about USD 40 billion in 2025, nearly 15% higher than in 2015. Overall, the Middle East is set to invest about USD 130 billion…
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Renewables 2025 Renewable transport
Renewable energy in transport is set to expand 50% to 2030 With greater use of renewable electricity, liquid biofuels, biogases and renewable hydrogen and hydrogen-based fuels, renewable energy consumption in transport is expected to rise 50% by 2030. The largest share of this growth (45%) will come from renewable electricity used for electric vehicles, especially in China and Europe.Road biofuels contribute the second-largest share (35%), with significant growth in Brazil, Indonesia, India and Malaysia, supported by tightening mandates and rising fuel demand. Aviation and maritime fuel use makes up 10% of growth, primarily owing to mandates in…
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World Energy Investment 2025 Eurasia
Eurasia has seen a significant decline in oil investment since 2015, although fossil fuels maintain their dominance in the region's energy mix Fossil fuels dominate the overall energy production and investment mix in Eurasia. Countries in the region face common challenges, including significant temperature swings from harsh winter conditions to warm summers, ageing infrastructure and often inefficient patterns of energy use: the energy intensity of Eurasia’s GDP is around 70% higher than the global average. Annual energy investment in Eurasia was almost USD 190 billion in 2015, but has since followed a downward trend, reaching its lowest point in the…
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World Energy Outlook 2022 Outlook for liquid fuels
The situation for oil markets today could hardly be more different from what it was in 2020. Two years ago, lockdowns imposed in response to the Covid-19 pandemic caused a huge oversupply of oil, leading prices to collapse to an average of USD 44/barrel. Today, global supply is struggling to keep pace with demand, with many producers bumping up against capacity constraints and Russia’s invasion of Ukraine sharply accentuating market tightness. Prices have soared to an average of USD 105/barrel so far in 2022.Global oil use is subject to sharply conflicting pressures. Some sectors, notably aviation, are…
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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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World Energy Outlook 2022 The global energy crisis
Introduction The world is in the middle of a global energy crisis of unprecedented depth and complexity. Europe is at the centre of this crisis, but it is having major implications for markets, policies and economies worldwide. As so often is the case, the poorest and most vulnerable are likely to suffer most. The strains did not begin with Russia’s invasion of Ukraine, but they have been sharply exacerbated by it. Extraordinarily high prices are sparking a reappraisal of energy policies and priorities. The Europe-Russia energy relationship lies in tatters, calling into question the viability of decades of…
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Electricity 2026 Demand
The Age of Electricity has arrived, underpinned by strong demand growth As the Age of Electricity moves apace, demand is on a solid upward trajectory in our five-year forecast period from 2026 to 2030. Amid robust growth, the next five years will add on average 50% more electricity demand per year than over the past decade. The brisk pace will be supported by growing industries, electric vehicles, space cooling, and data centres, among many other end uses. Electricity consumption is now projected to grow at least 2.5 times faster than overall energy demand, hastening the world’s transition…
- Executive summary
- Demand
- Supply
- Grids
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Unlocking Ukraine’s Hydrogen Opportunity: A Roadmap Taking stock of the effect of war
Highlights The assets of many hydrogen users have been destroyed since Russia's full-scale invasion of Ukraine in February 2022, causing demand to plunge by 80%. Ukraine’s only operational refinery was severely damaged in 2022. Steel output has dropped by nearly two-thirds due to damage, occupation, logistical costs and electricity scarcity. Nevertheless, there is potential for future hydrogen demand in export-oriented sectors; prior to Russia’s invasion, 40% of Ukraine’s fertiliser output, 46% of its agricultural output and 67% of steel were exported.Power generation capacity has plummeted since Russia’s invasion. Nearly 80% of…
