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Global EV Outlook 2026
…manufacturing and trade of electric cars, trucks and their batteries, along with a special chapter on automotive technology trends related to software and artificial intelligence.The report is complemented by updated versions of two online tools: the Global EV Data Explorer – which now includes vehicle price data in selected markets – and the Global EV Policy Explorer. These tools allow users to interactively explore EV statistics, projections and policy measures worldwide.The report is developed with the support of members of the Electric Vehicles Initiative (EVI); the United Nations Environment Programme also supported the expansion of this year’s Policy Explorer.
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Hydrogen
Low-emissions hydrogen projects are set to grow strongly despite wave of cancellations and persistent challenges
Worldwide hydrogen demand increased to almost 100 million tonnes in 2024, up 2% from 2023 and in line with overall energy demand growth. The vast majority of this was met by hydrogen produced from fossil fuels without measures in place to capture associated emissions. Sectors that have traditionally used hydrogen, such as oil refining and industry, remained the biggest consumers.
The uptake of low-emissions hydrogen is not yet meeting the expectations set by industry and governments in recent years, especially in light of…
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China’s Official Energy Finance in Emerging and Developing Economies Case 2. Southern power grid’s acquisition of Enel Peru distribution assets
Project overview and impact Latin America’s power systems face a growing need to modernise their electricity networks as clean energy deployment accelerates. While the region has seen a 25% increase in clean energy investment since 2015, grid spending has not kept pace, with less than USD 0.5 invested in networks and storage for every dollar spent on new generation. Strengthening distribution systems, especially in rapidly expanding urban areas, is essential to integrate more renewables. Peru is no exception. Although its electricity demand has grown steadily, network modernisation has lagged behind regional leaders, and the expansion of renewable capacity…
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Global Hydrogen Review 2026
…constitutes an acceptable cost for low-emissions hydrogen across multiple applications and regions. It concludes with a special focus chapter exploring challenges and opportunities for the development of new supply chains for low-emissions hydrogen-based products in Africa.The report is published alongside updates to the Hydrogen Production and Infrastructure Projects Database and the online Hydrogen Tracker. These resources allow users to explore project-level information and data on announced and operational projects for the production of low-emissions hydrogen and for the development of hydrogen infrastructure. It also includes information on signed offtake agreements for low-emissions hydrogen…
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Global Hydrogen Review 2026 Investment and innovation
…show modest signs of stabilisation and recovery. Bloom Energy stands out, adding almost USD 80 billion in market capitalisation in the past year, as surging electricity demand from AI data centres and long gas turbine backlogs boost prospects for its fuel cells, albeit initially running on natural gas.Multiple hydrogen technologies have advanced towards commercial deployment since 2020, but maturity remains uneven. High-capture CCUS-based hydrogen production has yet to be demonstrated, while hydrogen use in industry and synthetic hydrocarbons is only now moving to first-of-a-kind projects, more slowly than more modular end-use sectors, such as transport.
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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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Global Hydrogen Review 2024 Progress summary dashboard
Note: 2024e = Estimated based on announced projects. FID = Final Investment Decision.
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China’s Official Energy Finance in Emerging and Developing Economies
…linked to uneven availability of concessional or long-tenor finance.This report maps and analyses these changes through an energy sector-level dataset covering 2015 to 2024. It explores how China’s evolving financing model is reshaping instruments, institutions and regional allocation patterns, and also considers the strategic and practical implications for EMDE energy transitions.The analysis is complemented by case studies covering a range of technologies and financial structures – from large-scale renewables and electricity distribution to green industrial projects, waste-to-energy and upstream developments – which show how China’s official actors operate in practice across contrasting markets…
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World Energy Investment 2026
World Energy Investment is the global benchmark for tracking investment trends across the energy sector. The report will present the latest data on capital flows to different types of energy projects, as well as the first set of full-year estimates for 2026.As energy security concerns continue to shape investment priorities, this year’s report will explore the potential implications for different sectors and regions, particularly in light of the ongoing energy crisis stemming from the conflict in the Middle East.The 2026 edition will highlight major investment milestones and opportunities from different energy sectors and regions. It also includes…
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Global Hydrogen Review 2026 Progress summary dashboard
Production Electrolysers Policies Investment