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Pledges to Progress 2025 Pledges to Progress Company Assessment
The assessment shown below sets out actions reported by 116 oil and gas companies to achieve the goals set out in the Oil and Gas Decarbonisation Charter, agreed at COP28. It is a baseline assessment, in that the evaluations for each metric are based on public company reporting published in 2024, which often rely on data and progress from 2023, i.e. before the OGDC was launched.This is not an assessment of environmental performance. It tracks 25 specific aspects of target-setting, implementation strategies and disclosure, based on a framework put together by the International Energy Agency (IEA), the…
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Global EV Outlook 2025 Trends in heavy-duty electric vehicles
Electric bus and truck sales The electric bus market continued to expand, backed by increasingly favourable economics Electric bus sales grew by 30% in 2024Global sales of electric buses reached more than 70 000 in 2024, driven by renewed growth in China. Sales outside of China increased by just 5% in 2024, although they have almost tripled compared to 2020. As electric bus sales have increased in a range of countries, China’s share of global sales has fallen from around 99% in 2017 to less than 70% in 2024. Although electric bus sales in China generally declined from 2017 to…
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World Energy Outlook 2025 Stated Policies Scenario
Stepping up the pace of change? The Stated Policies Scenario (STEPS) is an exploratory scenario, designed to reflect the prevailing direction of travel for the energy system based on a detailed reading of country-specific energy, climate and related industrial policies that have been adopted or put forward, even if not yet codified in law. It reflects the state of technology and market conditions but does not include aspirational goals. Total final consumption grows 1% annually to 2035 in the STEPS, with India and other emerging market and developing economies leading demand growth. It increases more slowly than in the…
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Marina Petrelli
Energy Analyst Africa.
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Muriel Pénicaud
Ambassador at the Permanent Representative of France to the OECD, Former Minister of Labour.
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Financing CCUS at Scale
How to Mobilise Private Capital Carbon capture, utilisation and storage (CCUS) is an important area of attention for governments and financiers as both look to balance policy and investment goals. Recent financial investment decisions of major projects show promise in a sector that is gaining momentum, but its future success depends on viable business models and effective risk allocation across the value chain.In this context, Financing CCUS at Scale is the IEA’s latest report on what it takes to move CCUS projects from the drawing board to operation. Building on expert interviews with leading financial institutions, the report…
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China’s Official Energy Finance in Emerging and Developing Economies Setting the scene
Regional imbalances in energy investment Global energy investment has steadily risen over the past decade and reached over USD 3.3 trillion for the first time in 2025. Clean energy investment trends are especially notable – with investments in a range of clean energy technologies and infrastructure, taken together, accounting for nearly two-thirds of global investments today. However, these headline numbers often mask a persistent trend: a gaping regional imbalance in global energy investment. After removing the share of investment going towards advanced economies and People’s Republic of China (hereafter, “China”), emerging market and developing economies (EMDE) other than…
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From farms to fuel: Ukraine’s biomethane opportunity for energy security and European decarbonisation
Ukraine biomethane A strategic opportunity for biomethane in Ukraine In 2025, Ukraine exported biomethane to the European Union (EU) for the first time – a milestone that opens an opportunity to scale-up domestic low-emissions gas. Home to the largest agricultural land area in Europe, Ukraine has the resource potential to become one of the continent’s leading biomethane producers, supplying both its domestic market and the EU via an already existing pipeline infrastructure.The first exports of biomethane come at a critical moment. Repeated Russian attacks on Ukrainian energy infrastructure have exposed the vulnerabilities of centralised energy supply. Although…
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The State of Energy Innovation 2025 Executive summary
Today’s energy technology landscape is highly dynamic. Innovations span a wide range of countries and technology areas, both emerging and established. These advances have implications for energy system planning and, ultimately, for the world economy. Whether incremental or disruptive, they are the products of government support, market expectations, finance, knowledge-sharing and accessible R&D and test facilities. It is testament to the efforts of energy innovators around the world that decision makers today can choose from a range of technology options to address strategic goals for all parts of the energy system. However, technological progress to tackle existing…
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Energy Efficiency Policy Toolkit Industry
Introduction Industry accounts for 37% of final energy consumption globally. Doubling global energy intensity improvement by 2030 would require the decoupling of production from energy demand and raising the share of electricity in energy use from 23% in 2022 to 30% in 2030. An integrated policy approach combining regulation, information and incentives is the most effective way to achieve this goal.Regulations such as minimum energy performance standards for motors increase the efficiency of industrial processes by requiring new motors to use less energy per unit of output. This also drives the innovation of more efficient technologies. The alignment of international…
