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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…
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Gas Market Report, Q3-2025 Executive summary
Following a slowdown in 2025, global gas demand growth is forecast to accelerate in 2026 Global natural gas demand returned to structural growth in 2024 and continued to expand in the first half of 2025, albeit at a markedly slower pace. Growth was primarily concentrated in Europe and North America, with adverse weather leading to stronger gas use in the buildings and power sectors. In contrast, gas demand was subdued in Asia, with both China and India recording demand declines in the first half of 2025. Market fundamentals remained tight in the first half of 2025 due to a combination…
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Global Energy Review 2026 Oil
Oil demand growth remained subdued in 2025 Oil demand increased in 2025 by 0.65 mb/d (million barrels per day) or 1.2 EJ, but this 0.7% rise marked a further slowdown from 2024’s already-muted 0.75 mb/d of growth. The increase in both years was in line with IEA projections. The 2025 increase fell well short of the 2010-19 average annual rise of 1.4 mb/d, offering further evidence of a structural deceleration in oil markets.This slowdown mainly reflected weaker growth in petrochemical feedstock use. Demand for naphtha, liquefied petroleum gas…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Buildings
Buildings
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Colombia 2023 Executive summary
Colombia has emerged as a leader in clean energy transition policy making and is an inspiring example of a fossil fuel producing country committed to climate action, based on a long-term decarbonisation pathway and a policy of energy and economic diversification and a just transition.In the context of the National Energy Plan 2020-2050, launched in 2016, Colombia started a journey to diversify its energy resources and ensure a reliable energy supply by promoting wind, solar and geothermal in the country’s electricity mix.At COP26, Colombia presented a net zero target and an ambitious Nationally Determined Contribution…
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World Energy Investment 2025 China
Record-breaking renewables investment in China continues, advancing in tandem with the expansion of grid and storage for renewables while keeping coal in the mix In the ten years since the signing of the Paris Agreement and five years since the announcement of the dual carbon goals, China has seen a precipitous rise in clean energy investment, particularly in renewables. In 2024 China’s clean energy investment was more than USD 625 billion, almost doubling since 2015. China also achieved its 2030 wind and solar capacity target in 2024, six years ahead of schedule. While renewable installations are set to continue, investment…
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Gas Market Report, Q2-2025 Executive summary
Global gas demand growth is expected to slow in 2025 amid macroeconomic uncertainties Following the gas supply shock of 2022/23, natural gas demand returned to structural growth in 2024 and continued to expand through the 2024/25 heating season. Growth was primarily concentrated in Europe and North America, with weather conditions, including lower temperatures, leading to stronger gas use in buildings and the power sector. In contrast, gas demand growth slowed in Asia amid higher spot liquefied natural gas (LNG) prices and a milder winter in the People’s Republic of China (hereafter “China”). Tighter market fundamentals put upward…
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Gas Market Report, Q2-2026 Executive summary
The Middle East conflict has disrupted gas market fundamentals and is changing the medium-term outlook The war in the Middle East is sending shockwaves through energy markets. The easing of fundamentals in international natural gas markets in early 2026 was abruptly disrupted by the de facto closure of the Strait of Hormuz at the beginning of March, which has created unprecedented uncertainty.The crisis has profoundly distorted short-term market fundamentals and is altering the medium-term outlook for natural gas. The loss, for the time being, of almost 20% of global LNG supply has caused strong price volatility, driving…
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Breakthrough Agenda Report 2025 Power
State of the transition Emissions Global emissions from electricity generation rose by 1.2% in 2024 to around 13.9 Gt of CO2, following an increase of 1.6% in 2023.The global emissions intensity of electricity generation is on a contracting trend, with a record 3% reduction in 2024 compared to 1% in 2023. This improvement reflects the rapid growth in renewable energy and nuclear electricity production relative to rising demand. Cost On an levelised cost of electricity (LCOE) basis, renewables remained the most cost-competitive option for new electricity generation in 2024.Onshore wind remained the most affordable…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Financing Electricity Access in Africa Executive summary
Lack of capital presents a major impediment to universal electricity access Nearly two out of every five people in Africa – around 600 million in total – still live without access to electricity. Electrification has barely kept pace with population growth, leaving the continent far behind the targets set by African governments and the international community. Progress in reducing the absolute number of people without access has stalled in recent years, with the rate of improvement failing to fully recover to pre-pandemic levels. Fewer than 19 million people gained access in both 2023 and 2024, compared with 23 million in 2019…
