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            • Oil Market Report - June 2026

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                • Country

                Azerbaijan

                Azerbaijan has one of the highest energy self-sufficiency ratios in the world as a major crude oil and natural gas producer. While the renewable sector has not seen as much attention, the government is now looking to stimulate investment and accelerate deployment, allowing for diversification of domestic energy consumption. In addition, the government is working on a new energy strategy that will set the stage for further policy shifts. Azerbaijan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Contributor

                Maria da Graça Carvalho

                Minister for Environment and Energy.

                • Contributor

                Angus Taylor

                Former Minister for Industry, Energy and Emissions Reduction, Australia.

                • Country

                China

                China’s growing energy needs are increasingly met by renewables, natural gas and electricity. The scale of China’s future electricity demand and the challenge of decarbonising the power supply help explain why global investment in electricity overtook that of oil and gas for the first time in 2016, and why electricity security is moving firmly up the policy agenda. That said, cost reductions for renewables are not sufficient on their own to secure efficient decarbonisation or reliable supply.
                Between 2019 and 2024, China will account for 40% of global renewable capacity expansion, driven by improved system integration, lower curtailment…

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                • + 5 pages

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                • Country

                Chile

                …2022, Chile’s Ministry of Energy published an update to its the Long-Term Energy Policy (PELP, first published in 2015), which re-emphasises the pledge to net-zero, laying out a clear decarbonisation pathway that addresses all sectors of the national economy.
                Based on its excellent renewable energy resources, Chile has taken a globally leading role in clean energy, and emerged as a world-class destination for solar and wind energy developers. Its legislation encourages investment in generating capacity across the electricity sector. The expanded role of the state in energy planning has helped to boost project development, especially…

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                • + 5 pages

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                • Country

                Morocco

                …affordable, reliable, sustainable and modern energy in line with the United Nations Sustainable Development Goals (SDG 7). The government has achieved almost full access to electricity for its rural population, and it is developing the country’s significant renewable energy resources. However, progress in reducing the energy intensity of Morocco’s economy is more difficult to achieve. While the share of renewables in electricity is progressing fast, its share in total final consumption (TFC) decreased considerably over the past decade, given the expanding energy demand. Morocco has only renewable energy targets for electricity. With a view to meet SDG 7…

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                • + 5 pages

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                • Country

                Kuwait

                Kuwait is wholly reliant on fossil fuels for energy generation and by 2030, its energy demand will triple. In order to diversify its energy mix, the country targets to increase the share of renewable generation to 15% by 2030.

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                • + 5 pages

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                • Country

                Belarus

                …dependence, particularly on natural gas from a single supplier. The government is contemplating attractive investment measures and fuel diversification to reduce natural gas consumption and include more coal and renewables into the country's energy mix, while developing local energy sources and introducing nuclear power.

                Belarus has also prioritized improving energy efficiency in electricity and heat production and is phasing out subsidies for electricity, heat and gas, which is expected to make the energy sector more market-focused and investor-friendly. Belarus is part of the EU4Energy Programme, an initiative focused on evidence-based policy making for the energy sector.

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                • + 5 pages

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                • Country

                Colombia

                Colombia launched the Energy Plan 2050 in 2016 , which aims to diversify the country’s energy resources and ensure a reliable energy supply by including wind power plants, solar PV and geothermal energy generation in the country's electric mix.

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                • + 5 pages

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                • Country

                Jordan

                The government of Jordan targets 10% of energy mix to come from renewables by 2020. The country has set up a fund, as well as duties and taxes exemptions on all manufactured locally and imported renewable energy sources equipment and systems.

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                • + 5 pages

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