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Malisol Ohirko
IFNEC Policy Advisor.
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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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World Energy Outlook 2022 An updated roadmap to Net Zero Emissions by 2050
Introduction In 2021, the IEA published its Net Zero by 2050: A Roadmap for the Global Energy Sector, which sets out a narrow but achievable pathway for the global energy sector to reach net zero emissions by 2050. However, much has changed in the short time since that report was published.The global economy rebounded at record speed in 2021 from the COVID-19 pandemic, with GDP growth reaching 5.9%. As energy intensity improvements stalled, global energy demand increased by 5.4%. Surging energy demand was in part met by increased use of coal, resulting in a 1.9 gigatonnes…
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Global EV Outlook 2026 Electric vehicle batteries
Electric vehicle battery deployment Electric vehicle battery deployment grew by almost 30% in 2025 Electric vehicles (EVs) remained the primary source of global battery deployment, accounting for more than 70% of the total in 2025, slightly down from almost 80% in 2024. In 2025, EV battery deployment reached 1.2 TWh, an increase of almost 30% compared to 2024, and more than 7 times greater than in 2020. Light‑duty vehicles remained the dominant segment, representing more than 85% of the 2025 EV battery deployment. However, the fastest growth came from electric trucks, for which battery demand more than doubled – largely thanks…
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Gas Market Lessons from the 2022-2023 Energy Crisis Anatomy of a natural gas crisis
Sudden and drastic reduction in Russian pipeline gas deliveries to Europe In the run-up to the gas supply shock, Russian natural gas (pipeline and LNG combined) accounted for a growing share of European gas supply. Prior to 2010, Russian supply made up a relatively steady 30% of the European Union’s gas supply. However, the combination of plateauing demand and rapid decline in EU domestic production, which started in the early 2010s (linked to the decision to phase out the historical Groningen gas field in the Netherlands), led to growing dependency on gas imports across the European Union. The…
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What Next for the Global Car Industry Global car industry manufacturing clusters
Regions with strong car industries tend to operate as clusters in which supplier factories are located alongside those of parts manufacturers and material producers. This is because close co-ordination between automakers and a wide network of specialised suppliers is essential to keep costs low. Such production ecosystems also facilitate the rapid exchange of complex, often tacit, knowledge, especially during vehicle development phases where design, engineering and manufacturing decisions must be tightly aligned. This interactive map shows global data on car assembly location, as well as more detailed regional automotive clusters.
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Aïssatou Sophie Gladima
Minister for Petroleum and Energy.
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Sheltering From Oil Shocks Oil use in industry
Industry accounts for around 20% of global oil demand. Two-thirds of industrial oil demand is used as feedstock in the chemicals industry. There are options that can bring down oil demand in industry, and some flexibility on which oil products are used as petrochemical feedstocks. 10. Leverage flexibility with petrochemical feedstocks and implement short-term efficiency and maintenance measures Description: The majority of petrochemical production capacity in Asia and the European Union can technically switch between different oil products – such as LPG, naphtha, ethane or gasoil – as a feedstock without requiring equipment modifications. Prioritising the processing of oil feedstocks…
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Breakthrough Agenda Report 2025 Executive summary
The value of international collaboration in the current context Well-targeted international collaboration can amplify domestic efforts to reduce emissions and deploy low-emission technologies and solutions. Acting together, countries, companies and global initiatives are in the unique position to harmonise standards, aggregate demand, mobilise finance and move markets in ways that are nearly impossible to achieve in isolation. Geopolitical tensions and economic uncertainty are testing the resilience of international co-operation, but also underscore its importance to avoid fragmentation of global markets and delaying action on emissions reductions. This report therefore identifies many practical opportunities for countries to work…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Gaining an Edge Unlocking the potential of energy efficiency
Efficiency opportunities at the firm level At the firm level, energy efficiency offers untapped opportunities to reduce costs in both light and heavy industries In a competitive environment, firms are seeking to reduce costs, support sustainable growth and meet dynamic market demands. Energy is an important component of production costs in many industrial sectors, although its share varies by industry. These differences are influenced by the type and complexity of production. Heavy industries, such as steel, cement and chemicals, tend to be more energy intensive due to the large-scale processes and high thermal demands. Light industries, such as electronics…
