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Energy Efficiency 2025 Transport
How and where is energy used? Total final consumption in 2024 was over 450 EJ and has grown by around 25 EJ since 2019. Transport accounts for around 30% of global energy demand and have contributed around 10% of the growth in total demand since 2019. Road transport accounts for nearly 90% of total domestic energy demand. The remaining 10% is split between domestic aviation, domestic shipping and rail.In advanced economies, passenger cars dominate road transport demand, accounting for around 65% of the transport energy use. Trucks make up most of the remainder. Buses play a minor role in energy demand…
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Global Energy and Climate Model Announced Pledges Scenario (APS)
The 2025 edition of the World Energy Outlook (WEO) does not include the Announced Pledges Scenario. Our assessment of the new round of NDCs due this year, generally the period to 2035, will follow once there is a more complete picture of these pledges.The Announced Pledges Scenario (APS), introduced in 2021, illustrates the extent to which announced ambitions and targets can deliver the emissions reductions needed to achieve net zero emissions by 2050. In the WEO-2024, the APS includes all recent major national announcements as of the end of August 2024, both 2030 targets and longer-term net zero…
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Cost of Capital Observatory Dashboard
Overview The dashboard is a free resource that provides data on the cost of capital focused on clean energy projects in emerging and developing economies. It also provides information of the main underlying risks perceived by investors and financiers in each country as well as case studies. We hope these resources will help drive policy changes that can lower financing costs in the parts of the world that most need it. For additional information on how to estimate the cost of capital, this IEA article highlights the importance of financing costs in the energy transition, defines what financing costs are (also commonly…
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Hydroelectricity
Hydroelectricity
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Northwest European Hydrogen Monitor 2025 Executive summary
Low-emissions hydrogen can play a significant role in decarbonising energy systems and is critical to many countries’ efforts to meet their energy and climate targets. It can also reduce reliance on fossil fuel imports over the longer-term, bolstering energy security.Northwest Europe is at the forefront of low-emissions hydrogen development. The region accounts for around 40% of Europe’s total hydrogen demand. It has vast and untapped renewable energy potential in the North Sea, as well as substantial carbon storage capabilities. The region has a well-developed, interconnected gas network and underground storage sites that could be…
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Unlocking Ukraine’s Hydrogen Opportunity: A Roadmap Unlocking the opportunity - A roadmap for action
Highlights Hydrogen represents a long-term opportunity for Ukraine, but action is required in the near term to unlock the full benefits. Work over the first 2-3 years after the war ends can lay the foundations for future market growth without large commitments, such as through studies, planning for regulation and de-risking. In a second stage (5 years) pilot projects would be built to develop experience in the private sector and inform policy. A final stage (10-20 years) would incorporate lessons learnt, with a focus on standardisation, replication and simplification to support large-scale deployment. Each stage…
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Artificial intelligence and EVs
GEVO 2026 - Chapter 8 Progress in AI and computing power is disproportionately benefiting EVs, particularly for automated driving and integrated vehicle control. Sensors and chips integrate well with the stable, high-voltage power supply of EV batteries. At the same time, the benefits of AI and increased computing power are not exclusive to EVs. AI‑enabled energy management systems are increasingly used to optimise hybrid vehicles, and AI techniques are accelerating the design, testing and optimisation of all vehicles. Advances in AI underpin progress in autonomous vehicles Just two decades ago, state-of-the-art autonomous vehicles were confined to test…
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Renewables 2025 Renewable electricity
Renewable electricity additions for 2025-2030 total 4 600 GW – equal to the combined installed power capacity of China, the European Union and Japan Globally, renewable power capacity is projected to increase almost 4 600 GW between 2025 and 2030 – double the deployment of the previous five years (2019-2024). Growth in utility-scale and distributed solar PV more than doubles, representing nearly 80% of worldwide renewable electricity capacity expansion. Low module costs, relatively efficient permitting processes and broad social acceptance drive the acceleration in solar PV adoption.Distributed solar PV applications (residential, commercial, industrial and off-grid projects) account for 42…
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Scaling Up Transition Finance Financial institutions and transition finance
A complementary source of finance for transitions Transition finance rests on a practical partnership between corporates and financiers. Successful transitions need finance that goes where the emissions are; this means moving beyond the top performers and working with corporates with material environmental footprints that commit to transition strategies. A common alternative strategy, in which financial institutions simply shift emissions off their balance sheets, creates “financial carbon leakage” and does not reduce real-economy emissions.An IEA survey of financial institutions revealed that differences in regional taxonomies and frameworks pose challenges for cross-border financing. At the same time, it highlighted…
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Coal Mid-Year Update 2025 Prices
In the last 12 months, all major coal price indices declined The global coal market has undergone a gradual normalisation since the peak of the 2022 energy crisis, when thermal coal prices soared above USD 400 per tonne across multiple benchmarks. This extraordinary price spike briefly saw thermal coal trading at a premium to coking coal.By 2023, as energy markets broadly recalibrated, coal prices began to ease. The traditional pricing hierarchy reasserted itself, with coking coal once again priced above thermal coal. This shift reflected a normalisation of market conditions, improving supply-demand balances. Notably, tight coking coal supply from…
