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Global Hydrogen Review 2026 Demand
…Fuel cell electric vehicle (FCEV) stock grew 20% in 2025, to almost 130 000, due to truck sales in China and a rebound of car sales in Korea. Policies in these countries are the main driver behind a projected tripling of stock by 2030, with trucks and buses accounting for around 60% and 30% of hydrogen use.In shipping, uncertainties around the implementation of the International Maritime Organization (IMO) Net-Zero Framework have given a key role to European regulations as a driver for short-term adoption of hydrogen-based fuels, but in most cases, they are insufficient to enable fuel…
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Financing Electricity Access in Africa State of play
Understanding electricity access financing As of 2024, around 600 million people in sub-Saharan Africa (47% of the population) did not have access to electricity. With electrification barely keeping up with population growth rates, progress remains far off the pace envisaged both by African governments and international organisations. Reaching universal access requires a cost-effective, multi-technology approach, with grid extension, mini-grids and stand-alone systems all playing a role to ensure affordable service provision to unelectrified communities. Notably, financing has been one of the primary impediments to growth.For the first time, the IEA has tracked electricity access financing commitments…
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Gaining an Edge Summary for policymakers
Energy efficiency delivers more than energy savings and emission reductions – it can also improve the competitiveness of countries and firms. From increased profitability to job creation, energy efficiency helps firms compete amid high costs, growing demand, and rising trade pressures. In today’s global context, energy efficiency is not only a matter of energy policy, but also of economic policy.Today the world’s industries can produce nearly 20% more value for a given amount of energy than they could two decades ago. This progress has yielded significant benefits at the country level. G20 countries have doubled their economic output…
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Stepping Up the Value Chain in Africa Executive summary
Africa is endowed with vast energy resources – fossil fuels, but also solar, wind, hydro, and geothermal – and yet energy supply remains limited: Around 600 million people on the continent lack reliable access to electricity. This energy gap constrains economic growth and industrial potential, particularly in rural areas where agriculture remains the dominant sector in the economy. As African economies grow and urbanise, the demand for energy-intensive industries and infrastructure is rising. Strategic investments in sustainable industrialisation can create a virtuous cycle that expands energy access and drives productivity, which in turn can attract more investment.Market opportunities already exist. Globally…
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Financing Electricity Access in Africa Executive summary
…population without access lives in rural areas, financing remains skewed towards urban areas. It is also geographically concentrated, with half of finance flows channelled to only six countries: Angola, Kenya, Mozambique, Nigeria, Senegal, and South Africa. Private finance for electricity access accounted for less than 30% of total flows. It reached USD 640 million, compared with USD 1.8 billion in international public finance in 2023. Electricity access projects face tight profit margins, with limited household budgets preventing many from being commercially viable. As a result, public finance remains the cornerstone of the sector. Around USD 1 billion per year…
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World Energy Outlook 2022 Outlook for energy demand
…However, these measures take time to roll out. Short-term actions are needed to reduce dependency on fossil fuel imports this winter, especially in Europe, which includes an important role for consumers in terms of behaviour change. In emerging market and developing economies, demand for fossil fuel rises more slowly than in previous versions of the STEPS, notably for natural gas in Asia. The slowdown in fossil fuel demand growth is led by China, where slowing economic growth and policy efforts lead to a peak in emissions during this decade.In the Announced Pledges Scenario (APS), fossil fuel use decline...
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Multiple Benefits of Energy Efficiency for Business Operational benefits
For every dollar in energy cost savings, productivity gains can deliver up to an extra 30 cents of value Energy efficiency measures can improve how firms use labour, equipment and materials, leading to gains that go beyond reduced energy use. These improvements are often driven by more efficient, precise and optimised processes. By reducing losses – such as excess heat, inefficient combustion or friction – equipment operates more smoothly and reliably. Electrified processes can further enhance efficiency by reducing the number of moving parts and points of failure.This improved performance leads directly to higher productivity. More efficient production lines enable better…
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Global Energy Review 2025 Oil
Oil demand growth loses momentum Growth in global oil demand slowed markedly in 2024, with consumption rising by 0.8% (1.5 EJ or 830 kb/d) to 193 EJ after jumping by 1.9% in 2023. This reflected the end of the post-pandemic mobility rebound, slower industrial growth and the increasing impact of electric vehicles. This 0.8% increase in demand – below the pre-pandemic growth rate of over 1% in the decade to 2019 – was closely in line with the IEA’s first forecast for 2024 set out in June 2023, which noted that structural macroeconomic trends would…
- Key findings
- Global trends
- Oil
- Natural gas
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Global Energy Review 2025 CO2 Emissions
…increased by 0.8% in 2024, hitting an all-time high of 37.8 Gt CO2. This rise contributed to record atmospheric CO2 concentrations of 422.5 ppm in 2024, around 3 ppm higher than 2023 and 50% higher than pre-industrial levels. In 2024, CO2 emissions from fuel combustion grew by around 1% or 357 Mt CO2, while emissions from industrial processes declined by 2.3% or 62 Mt CO2. Emissions growth was lower than global GDP growth (+3.2%), restoring the decades-long trend of decoupling emissions growth from economic growth, which had been disrupted in 2021. Natural gas and coal drove…
- Key findings
- Global trends
- Oil
- Natural gas
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World Energy Outlook 2025 Current Policies Scenario
Expanding the world we know Total final consumption rises in the Current Policies Scenario (CPS) by around 1.3% each year over the next decade, similar to the average annual increase over the last decade: global industrial output, appliance ownership and demands for mobility all increase, while energy efficiency gains are modest. Demand for oil rises to 113 million barrels per day by 2050, mainly due to its increased use in emerging market and developing economies for road transport, petrochemical feedstocks, and aviation. Electric vehicle (EV) uptake stalls in regions lacking strong policy support: China and Europe are the main exceptions…
