-
Energy Efficiency 2024 Executive summary
…improvements can deliver over a third of all carbon dioxide (CO2) emission reductions between now and 2030 in a pathway aligned with reaching net zero emissions by 2050. This involves speeding up electrification and improvements in technical efficiency. From 2010 to 2022, improvements in energy intensity contributed to a cumulative reduction in global CO₂ emissions of almost 7 gigatonnes (Gt). Meeting global efficiency ambitions requires a step up in policy implementation Governments representing more than 70% of global energy demand have implemented new or updated efficiency policies in 2024. Kenya, for example, updated its building energy code to make efficiency req...
-
State of Energy Policy 2026 Energy efficiency and fuel switching regulations
…since 2005. However, the pace of improvement has slowed over the past 15 years, from an annual rate of about 2.2% in the early 2010s to about 1% in 2024, alongside a general slowdown in industrial value-added growth.Minimum energy performance standards (MEPS) and fuel switching policies play an important role in improving energy efficiency by providing long time horizons for industry to develop and produce increasingly efficient new appliances and technologies. The first MEPS were enacted in 1975 in the United States and in 1979 in Japan as an immediate response to the oil crises of the 1970s, and…
-
World Energy Investment 2026 Regional dashboards
Despite the destabilising effect of the Middle East conflict, capital flows to the energy sector are expected to grow to USD 3.4 trillion in 2026, a 5% rise from 2025, mainly from China, the US, and the EU. Clean energy investment grows to USD 2.2 trillion, almost double that of fossil fuels. Investment in clean energy increases year-on-year by 7% in advanced economies and in China, while 4% in other emerging markets, reflecting regional differences with a shared focus on energy security.
-
Global Hydrogen Review 2025 Demand
…almost 100 Mt in 2024 and is expected to surpass that milestone in 2025. This increase is being driven by demand for industrial products that use hydrogen as a feedstock, rather than being the result of successful implementation of energy and climate policies.Demand is still almost exclusively from established sectors (refining, ammonia, methanol and fossil-based direct reduced iron [DRI]), with demand for new applications (biofuels upgrading, new industrial uses, mobility, power or synthetic fuels) growing but from a very low base – less than 1% of demand.Low-emissions hydrogen use increased by nearly 10% in 2024 but remains at…
-
Global Hydrogen Review 2026 Demand
…applications uncertain, particularly for fertiliser production and trade.Demand for low-emissions hydrogen grew by 20% in 2025, reaching close to 1 Mt. However, sluggish and uncertain policy implementation is failing to address the major barriers to adoption and preventing faster uptake.New offtake agreements for low-emissions hydrogen reached 1.7 Mtpa in 2025, as in 2024. One-fifth of all new agreements were firm offtakes, concentrated in power generation, industry and refining. Trade-oriented agreements were higher than agreements for domestic use for the first time.Volumes for low-emissions hydrogen included in procurement tenders grew marginally in 2025, to…
-
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…
-
Renewables 2022 Transport biofuels
Forecast summary Biofuel use expands in 2022 despite rising costs Global biofuel demand is expected to be 6% or 9 100 million litres per year (MLPY) higher in 2022 than in 2021. Renewable diesel makes up the largest share of this year-on-year expansion, thanks to attractive policies in the United States and Europe. Blending requirements and financial incentives support demand growth in India and Brazil, and Indonesia’s 30% biodiesel blending requirement also boosts biodiesel use in that country. Nevertheless, we have revised year-on-year growth downwards 25% from our 2021 forecast, with price and market developments…
-
Global Hydrogen Review 2025 Investment and innovation
…in China and Europe, while the United States allocates a larger share to CCUS-equipped production. Over 50% of total investment in 2024 and 2025 targets hydrogen use in oil refining and industrial facilities with existing hydrogen demand.Guarantees and risk-sharing instruments are essential to scaling up hydrogen projects, particularly for first-of-a-kind deployments and emerging technologies. Collaboration among original equipment manufacturers (OEMs), project developers, public funders and insurers may help reduce perceived risk and strengthen investor confidence.Hydrogen venture capital (VC) fundraising fell by one-third in 2024, outpacing declines in broader energy VC. Publicly traded hydrogen…
-
Global Energy Review 2025 CO2 Emissions
…particularly in the United States and the European Union. While global oil consumption rose by 0.8% in 2024, oil-related emissions increased by only 0.3%. This was despite aviation emissions surging by approximately 5.5% amid record global air passenger demand. The modest overall rise in emissions from oil use is largely due to the fact that petrochemical feedstocks accounted for 70% of the total volumetric increase in oil use. Carbon emissions trends varied widely across regions Emissions trends between regions diverged in 2024. CO2 emissions grew in emerging market and developing economies and international aviation and marine…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 3 pages
-
Global Hydrogen Review 2026 Investment and innovation
Capital spending on low-emissions hydrogen projects reached nearly USD 7 billion in 2025, nearly double the 2024 level and equal to 0.7% of global investment in energy supply. Investment in electrolysis overtook investment in carbon capture, utilisation and storage (CCUS)-based hydrogen, thanks to a stronger pipeline, higher capital intensity and faster project progress, and could account for around 70% of nearly USD 10 billion in investment in 2026.China and Europe lead committed electrolysis projects, with China accounting for more than 60% of capacity by 2026 and 25% of estimated investment. Europe represents less than 20% of capacity but 45% of…