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What Next for the Global Car Industry Pathways to global EV cost-competitiveness
Highlights The gap in competitiveness in electric car manufacturing between new market-entrants located in China and incumbents in other countries has grown in the past 5 years. Battery electric car production costs are over 30% lower in China than in advanced economies, and around a third of the difference can be attributed to the battery. However, a similar production cost gap exists for conventional cars. Battery cell prices are, on average, over 30% lower in China than in Europe and over 20% lower than in the United States. Reducing the manufacturing cost gap is possible – half is due to efficiency…
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World Energy Outlook 2025 Setting the scene
Context and scenario design All sources of energy increased in 2024 to meet the world’s rising energy needs. Electricity use expanded rapidly across a range of sectors. Deployment of renewable power generation again broke records in 2024, meeting more than 70% of the increase in electricity demand. Consumption of each of the fossil fuels rose. Global energy-related carbon dioxide (CO2) emissions reached another all-time high. The energy sector faces many uncertainties. The global economy is projected to grow at an average rate of 3% in the 2024-2030 period, but changes in the global policy environment and…
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Global Energy and Climate Model Stated Policies Scenario (STEPS)
The Stated Policies Scenario (STEPS) has a long pedigree in the International Energy Agency (IEA) family of scenarios. It was introduced in 2019 with this name, but it has much in common with the previous New Policies Scenario that dates back to the 2010 edition of the World Energy Outlook (WEO). The intention of this scenario is to reflect the prevailing direction of travel for the energy system based on a detailed reading of the latest policy settings in countries around the world. It takes into account specific energy, climate and related industrial policies that have been adopted or put…
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Multiple Benefits of Energy Efficiency for Business Quality and reputation
Greater efficiency can reduce defects and improve production quality Energy efficiency improvements often involve tighter control and optimisation of production processes. By improving precision and stability in how equipment operates, firms can reduce variability in output and limit the occurrence of defects. These effects are particularly important in manufacturing sectors where small deviations can affect product quality and increase waste.For example, an industrial bakery in Switzerland implemented a highly efficient centralised cooling system with CO₂-refrigerant and advanced controls. The system allowed for a more constant controlled temperature and reduced downtime, improving product quality and consistency, all while reducing…
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Ramping up Heat Pumps in Moldova: A Roadmap Heat pumps in Moldova
This chapter explores the benefits of heat pumps and their potential application in Moldova. It discusses different heat pump types and potential applications, then dives into the benefits of heat pumps in terms of energy efficiency, energy security, greenhouse gas emissions, economic development and EU accession. The chapter then discusses the status of heat pumps in Moldova and their potential, addressing the applications for which they are most suited in the Moldovan context. Heat pump applications Heat pumps have been widely recognised as a key technology for decarbonising heating in buildings, industry and district heating systems. Global and European scenarios…
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Korea 2025 Executive summary
The energy crises resulting from the global Covid-19 pandemic and the Russian Federation’s invasion of Ukraine propelled carbon neutrality and energy security to the forefront of Korea’s energy policy. Despite robust growth in gross domestic product (GDP), Korea has managed to stabilise and reduce its greenhouse gas (GHG) emissions in recent years following a peak around 2018. Nonetheless, it faces challenges in fully decoupling emissions from economic growth. Notable among these challenges is the continued reliance on coal and the need for further expanding renewable energy technologies.Addressing Korea’s challenges will require sustained policy efforts, domestic…
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Timur Gül
Chief Energy Technology Officer. Timur Gül, a German national, was appointed Chief Energy Technology Officer of the International Energy Agency (IEA) in October 2023. In this capacity, he oversees IEA analysis of innovative new and emerging clean energy technologies and their supply chains across a range of sectors. Mr. Gül is also Head of the Energy Technology Policy Division, with responsibility for the IEA’s flagship technology publication Energy Technology Perspectives, the IEA Energy Innovation Forum, the IEA’s Technology and Innovation Advisory Board as well as the IEA’s Technology Collaboration network.Having joined the IEA in 2009, Mr. Gül previously was a lead author of the IEA’s World Energy Outlook (WEO). Prior to his time at the IEA, he was a researcher at Paul Scherrer Institute in Switzerland.Timur Gül holds a PhD from the Swiss Federal Institutes of Technology (ETH) Zurich in Switzerland. He also holds a Master degree in Environmental Engineering from the Royal Institute...
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Energy and Water
Energy and water are deeply and fundamentally connected Water is essential for almost every aspect of producing energy, from electricity generation to fossil fuel extraction to biofuels cultivation. In fact, the energy sector accounts for roughly 10% of all global freshwater withdrawals. Meanwhile, energy is crucial to maintaining global water supply. It is needed to extract water from lakes, rivers and oceans; lift groundwater from aquifers and pump it through pipes and canals; and treat water and deliver it to users.This interdependence is set to intensify in the coming years. Each resource faces rising demand and growing constraints in many…
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World Energy Outlook 2025 Implications of CPS and STEPS
Between continuity and change By 2035, energy demand in the Current Policies Scenario (CPS) is around 35 exajoules (EJ) higher than in the Stated Policies Scenario (STEPS), a difference roughly equivalent to the current annual energy demand of the Middle East. All the extra energy required in the CPS compared to the STEPS comes from oil, natural gas and coal. In the absence of renewed geopolitical disruptions, markets for oil and natural gas appear well supplied in the coming years. But production from existing oil fields declines at a rate of 8% per year, if no investment is made, so it…
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Breakthrough Agenda Report 2026 Buildings
Buildings
- Executive summary
- Hydrogen
- Road transport
- Steel
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+ 3 pages
