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Investment in next-generation geothermal is surging. Policies are key to further growth
…the most capital-intensive in the energy sector, with drilling and well costs often representing up to 80% of total costs. Yet the past year has seen notable progress. Once considered prohibitively expensive, next-generation projects are now demonstrating measurable efficiency gains and more competitive drilling costs amid ongoing innovation, building investor confidence. These advances – arriving just as global electricity demand surges – have helped boost fundraising. Meanwhile, new supply agreements with data centre operators, along with the prospect of geothermal projects co-producing critical minerals such as lithium, are adding to the momentum. Investment in next-generation geothermal has risen…
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Average annual change in electricity consumption by sector, 2014-2025
Average annual change in electricity consumption by sector, 2014-2025 Global Energy Review 2026
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Clean Energy Transitions Programme 2024
…the Conference of the Parties (COP) and the Group of 20 (G20), ensuring that clean energy goals are integrated into international dialogues. The impact of the CETP extends to critical areas like energy efficiency, critical minerals, climate resilience, mobilising investment and reducing methane emissions, which are central to the global energy transition.Through innovation and multilateral collaboration, the CETP exemplifies the IEA's strategy of promoting clean energy transitions that are not only secure and sustainable but also inclusive and affordable. It remains a cornerstone of global efforts to accelerate the clean energy transition, driving tangible, transformative change across the world.
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Tracking SDG7: The Energy Progress Report, 2025
…These goals will demand a fundamental shift in energy production, distribution, and consumption, supported by greater investment, enabling policies, continued innovation, enhanced ambition and long-term planning. Addressing uneven progress and regional disparities requires collaboration among governments, the private sector, international organizations, and civil society, including on ensuring access to adequate financing and technical assistance. To foster inclusive transitions, particular attention is required to help women and marginalized communities benefit from the energy transition. Empowering people—especially young people—with the skills and knowledge to engage in the energy sector fosters a forward-looking mindset that is crucial for long…
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7 certainties about energy for this age of uncertainty
…our bearings: The world has entered the age of electricity Oil and gas will still be widely used for many years to come, but the use of electricity is growing twice as a fast as overall energy demand. It’s the key energy input to the most dynamic parts of the global economy – such as AI, data centres and high-tech manufacturing – and is increasing its share of major sectors like road transport and heating through technologies such as EVs and heat pumps. Already today, more than half of the investment going into the global energy sector each year is…
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Claude Turmes
Minister for Energy and Minister for Spatial Planning. Claude Turmes was appointed Luxembourg’s Minister for Energy and Minister for Spatial Planning in December 2018. He previously held the position of Secretary of State for Sustainable Development and Infrastructures. He was a member of the European Parliament for almost 20 years, serving as rapporteur for the Energy Efficiency Directive and the Renewable Energy Directive.
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Alok Sharma
COP26 President-Designate.
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Rocío Nahle García
Secretary of Energy.
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Leonore Gewessler
Minister of Climate Action, Environment, Energy, Mobility, Innovation and Technology.
