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World Energy Outlook 2022 Outlook for gaseous fuels
Global demand for natural gas held up better than demand for other fossil fuels during the first year of the Covid-19 pandemic, and then increased by 5% in 2021, double its average growth rate over the past decade. A dearth of new projects, weather-related increases in demand, LNG outages and reduced Russian exports tightened the global gas supply balance from mid-2021 and put upward pressure on prices, especially in Europe where the Title Transfer Facility (TTF) benchmark rose from less than USD 10 per million British thermal units (MBtu) in the first-half of 2021 to over 30 USD…
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Climate Change
The IEA and the UNFCCC are building consensus on actions to deliver 1.5 °C-aligned energy transitions; and supporting the next round of Nationally Determined Contributions under the Paris Agreement – while deepening existing cooperation on data and capacity building. The IEA and the UNFCCC are building consensus on actions to deliver 1.5 °C-aligned energy transitions; and supporting the next round of Nationally Determined Contributions under the Paris Agreement – while deepening existing cooperation on data and capacity building. The global energy system is the bedrock of modern economies and societies – providing power to everywhere we live and work…
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Energy Efficiency Policy Toolkit Appliances
Introduction Appliances represent 45% of electricity demand in buildings and are responsible for almost 3 gigatons (Gt) of CO₂ emissions. Doubling the global annual energy intensity improvement by 2030 would require appliances to become 30% to 40% more efficient. An integrated policy approach combining regulation, information and incentives is the most effective way to achieve this goal. Regulations such as minimum energy performance standards (MEPS) can ensure that the least efficient equipment is not sold on the market. MEPS also encourage suppliers to increase the efficiency of the appliances they produce, accelerating the improvement of efficiency on the market. In…
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Global Hydrogen Review 2025 Policies
Highlights Announced public funding for low-emissions hydrogen decreased by nearly two-thirds compared to the Global Hydrogen Review 2024 (GHR-24), to a cumulative USD 38 billion, but a larger share of funds is now making its way to specific projects. Several programmes in the European Union, India, Japan and United Kingdom have progressed to the second phase or beyond, with new calls building on learning from the first phase.Almost 90% of the public funding comes from advanced economies; other policy instruments like land allocation, tax incentives and reduced administrative procedures remain more common among emerging markets. The supply side still receives…
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Investment
This initiative includes a dashboard that offers free data on financing costs for clean energy projects, tools and analysis to help governments identify and address investment risks, and case studies showcasing successful strategies for mobilising capital. This initiative includes a dashboard that offers free data on financing costs for clean energy projects, tools and analysis to help governments identify and address investment risks, and case studies showcasing successful strategies for mobilising capital. Globally, energy investment by governments, households and businesses is expected to reach a new high of $3.3 trillion in 2025. How this spending is allocated has major…
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Global Hydrogen Review 2025 Production highlights
Highlights Hydrogen production reached almost 100 Mt in 2024, but less than 1% was based on low-emissions hydrogen technologies. Based on announced projects, low-emissions hydrogen could reach 37 Mtpa by 2030, a reduction from the 49 Mtpa estimated in the Global Hydrogen Review 2024 (GHR-24).More projects are reaching final investment decision (FID), although the total production capacity reaching this stage in 2024 remained at the same level as in 2023. Persisting technical and regulatory barriers, financial obstacles and challenges in securing reliable offtake, in particular, continue to delay and occasionally completely stall project progress.Despite announced delays and cancellations…
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Rare Earth Elements Executive summary
Rare earth elements have rapidly moved to the forefront of the energy and economic policy agenda Rare earth elements play a crucial role in a wide range of strategic applications, from energy, transport and artificial intelligence (AI) technologies to aerospace, medical and defence systems. The wide range of applications, combined with highly concentrated supply chains, has elevated their importance in both energy and broader economic security discussions. Though relatively plentiful in the Earth’s crust, this set of 17 elements have garnered the label “rare” because economically viable concentrations are uncommon and they are seldom found in pure form. Their chemical…
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Coal Mid-Year Update 2025 Demand
Global coal demand grew by 1.5% in 2024 to reach an all-time high In 2024, global coal demand increased by 1.5% compared with 2023, reaching a new all-time high of 8.79 Bt. This represents a continuation of the upward trend in coal consumption, albeit at a slower pace than growth rates of 4.4% in 2022 and 2.3% in 2023.The increase in 2024 was primarily driven by emerging economies in Asia, particularly China and India. China recorded the largest absolute growth, with demand rising by 82 Mt (1.7%) while India’s consumption…
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Global Hydrogen Review 2025 Production prospects to 2030
Only a small fraction of the total project pipeline can realistically start operating by 2030, highlighting policy gaps The potential low-emissions hydrogen production from announced projects that could be available by 2030 has declined compared to in Global Hydrogen Review 2024. With only five years to 2030, and taking into account typical development cycles, which stretch from three to six years, realising the full pipeline of projects seems very difficult. In addition, we estimate that half of the announced projects face deferred start dates compared to the commercial operation date announced by developers. Delays are particularly acute among electrolyser projects…
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HM King Letsie III
King of Lesotho.
