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Gas Market Lessons from the 2022-2023 Energy Crisis Policy response to the crisis
As markets reeled from the drastic reduction in Russian pipeline gas supply to Europe and as global trade and demand patterns shifted, governments did not remain idle. Faced with the spectre of supply shortages, worsening current accounts, and inflation pressure linked to energy imports and rising energy prices for citizens and businesses alike, governments across the main LNG-importing regions rapidly implemented policy and market measures in response to the crisis. Europe The European Union and its member states adopted a number of measures to enhance security of supply and market resilience ahead of the 2022/23 heating season. However…
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Global Energy Review 2026 Electricity supply
The increase in low-emissions power generation in 2025 outstripped total electricity supply growth Global electricity generation increased by over 850 TWh in 2025, with renewables accounting for the vast majority of growth. Together, generation from renewables and nuclear power rose by more than the total global increase in generation. In contrast, generation from fossil fuels declined: a modest rise in natural gas-fired generation was outweighed by a decline for coal. Global coal-fired generation fell by around 0.5%, marking the first decrease since the Covid‑driven drop in 2020 and the first decline outside of a period of…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Theresa Gebhardt
Caspian and Black Sea Programme Officer.
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Why the growth of energy service companies is uneven globally
ESCO The global annual ESCO market growth rate has more than doubled over the past five years Energy efficiency is one of the most cost-effective tools for enhancing energy security, reducing household energy bills and supporting countries’ efforts to reduce emissions. Energy service companies (ESCOs) – firms that develop and implement energy efficiency projects typically financed through verified energy savings – are playing a growing role in delivering energy efficiency improvements across buildings, industry and transport infrastructure worldwide. By integrating project development, financing and performance guarantees, ESCOs can offer a proven way to reduce upfront investment barriers and shift technical and…
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World Energy Investment 2025 Executive summary
Despite elevated geopolitical tensions and economic uncertainty, this tenth edition of the IEA’s World Energy Investment shows that capital flows to the energy sector are set to rise in 2025 to USD 3.3 trillion, a 2% rise in real terms on 2024. Around USD 2.2 trillion is going collectively to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, twice as much as the USD 1.1 trillion going to oil, natural gas and coal. Open questions about the economic and trade outlook means that some investors are adopting a wait-and-see approach to new project approvals, but we have yet…
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Artificial Intelligence
Artificial intelligence (AI) is emerging as one of the most consequential technologies of our time. In recent years, the capabilities of AI systems have grown quickly due to improved computing power, a boom in data availability and breakthroughs in the design of AI models, leading to rapid adoption by both businesses and individuals. Though significant uncertainties remain, AI has the potential to transform the energy sector in the coming decade. It is set to drive a surge in electricity demand from data centres around the world while also unlocking significant opportunities to cut costs, enhance competitiveness and reduce emissions.To…
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Sheltering From Oil Shocks Infographic: Overview recommended measures
Infographic: Overview recommended measures
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Renewables 2021 Renewable electricity
Forecast summary Renewable capacity additions are set to grow faster than ever in the next five years, but the expansion trend is not on track to meet the IEA Net Zero by 2050 Scenario Annual additions to global renewable electricity capacity are expected to average around 305 GW per year between 2021 and 2026 in the IEA main case forecast. This implies an acceleration of almost 60% compared to renewables’ expansion over the last five years. Continuous policy support in more than 130 countries, ambitious net zero goals announced by nations accounting for almost 90% of global GDP, and improving competitiveness…
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Artificial intelligence and EVs
GEVO 2026 - Chapter 8 Progress in AI and computing power is disproportionately benefiting EVs, particularly for automated driving and integrated vehicle control. Sensors and chips integrate well with the stable, high-voltage power supply of EV batteries. At the same time, the benefits of AI and increased computing power are not exclusive to EVs. AI‑enabled energy management systems are increasingly used to optimise hybrid vehicles, and AI techniques are accelerating the design, testing and optimisation of all vehicles. Advances in AI underpin progress in autonomous vehicles Just two decades ago, state-of-the-art autonomous vehicles were confined to test…
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World Energy Employment 2024 Executive summary
Global energy employment outperformed broader labour market trends in 2023. The global energy sector added nearly 2.5 million jobs in 2023 on the back of rising investment, bringing total employment to over 67 million workers. Employment in energy – which in this report includes energy supply, the power sector, end-use efficiency and vehicle manufacturing – rose by 3.8%, outpacing the economy-wide average of 2.2%. Energy job growth was fuelled by record levels of investment across a wide range of energy sources in the wake of the global energy crisis. As a result, jobs grew rapidly in both…
