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Thermal Energy Innovation Strategy
The Thermal Energy Innovation Strategy sets the policy direction for decarbonising Korea’s heat sector, which is a major source of final energy demand in buildings, industry and public facilities. It promotes renewable heat, heat pumps, unused heat, heat recovery, national heat mapping and institutional support for clean heat investment. The strategy was announced as part of a public forum to build consensus and refine detailed measures for thermal-energy decarbonisation. It should be understood as a cross-sector heat policy, with strong relevance to building heating and cooling, industrial process heat and district energy.
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Lifecycle Financial Support Direction for Supply Chain Stabilization
This direction establishes a full-cycle policy-finance framework for stabilising Korea’s strategic supply chains in sectors such as batteries, semiconductors, critical minerals, aerospace and defence. The government announced around KRW 50 trillion in policy-finance support in 2025, including KRW 45.8 trillion in low-interest financing and use of the Supply Chain Stabilization Fund. The package supports upstream resource development, domestic production, inventory, import diversification and supplier resilience. It also expands investment from the supply-chain fund and provides preferential financing for firms handling economic-security items.
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1st Basic Plan for Supply Chain Stabilization (2025–2027)
The 1st Basic Plan for Supply Chain Stabilization provides Korea’s first medium-term framework for economic-security supply-chain policy for 2025–2027. It establishes the basis for identifying key items, selecting leading supply-chain stabilisation companies, operating the Supply Chain Stabilization Fund and coordinating ministry-level implementation plans. The plan covers critical minerals, industrial inputs and other goods exposed to supply disruption risks. It is designed to shift supply-chain policy from ad hoc crisis response toward continuous monitoring, financial support and pre-emptive risk management.
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Songho Jeon
Former Consultant.
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Global EV Outlook 2026 Trends in electric cars
Electric car sales Electric car sales topped 20 million globally in 2025 One in four new cars sold worldwide was electric in 2025The electric car market reached new highs in 2025, growing by 20% from 2024 to exceed 20 million sales, in line with expectations in the 2025 edition of the Global EV Outlook. The sales share of electric cars in the overall car market increased to 25%. This marked the fifth consecutive year in which annual electric car sales increased by about 3.5 million, a trend that began in 2021 after the Covid‑19 pandemic. As a result, about 5% of the…
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World Energy Investment 2025 Latin America and the Caribbean
Clean energy investment in Latin America has grown by nearly 25% in the past decade, highlighting regional progress despite diverse country contexts and transition pathways In Latin America and the Caribbean, a region characterised by diverse economic, political, and energy landscapes, GDP grew by 15% between 2015 and 2025, driven by Mexico, Colombia, Chile and Costa Rica, which experienced increases of between 10% and 40%. Since 2015, clean energy investment increased by nearly 25%, reaching USD 70 billion in 2025. Chile, Colombia and Costa Rica accounted for the largest increase, given the doubling of renewable investment flowing into the three countries. Brazil…
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Global EV Outlook 2026 Executive summary
After another record year for EV sales, attention is turning to the impacts of the energy crisis for global car markets Electric car sales grew by 20% globally to exceed 20 million in 2025, meaning one-quarter of all new cars sold were electric. Europe saw the strongest growth among major electric vehicle (EV) markets, with electric car sales rising by more than 30% to reach 28% of total sales, following an increase in the stringency of the European Union’s CO2 standards for cars. China’s growth in electric car sales slowed slightly, in part due to a temporary…
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Cement
Cement
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Oil Market Report - January 2026
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand growth is forecast to average 930 kb/d in 2026, up from 850 kb/d in 2025, reflecting a normalisation of economic conditions after last year’s tariff turmoil and lower oil prices than a year ago. A recovery in petrochemical feedstocks demand…
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Coal 2025 Supply
Coal production plateaus in 2025 as structural shifts emerge to 2030 In 2024, global coal production hit a record high of 9.1 billion tonnes, largely driven by increased output in China, India and Indonesia. China retained its position as the world’s leading coal producer, maintaining output at 4 666 Mt. Coal remains the primary energy source in both China and India, making domestic production a cornerstone of their energy security strategies. Following supply shortages in 2021, both countries have ramped up coal production for several years in a row.At 9 111 Mt, global coal production in 2025 is projected to remain at 2024…
- Executive summary
- Demand
- Supply
- Trade
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