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Ali Allawi
Deputy Prime Minister & Minister of Finance - Republic of Iraq.
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Global Energy Review 2025 Electricity
Electricity demand growth surged in 2024 Global electricity demand increased by 4.3% in 2024, a step change from the 2.5% growth seen in 2023. The average pace of electricity demand growth from 2010 to 2023 was 2.7%, double the rate of total energy demand growth over the same period. Electrification picked up across sectors, raising electricity demand in most major economies in 2024. China accounted for the largest share of electricity consumption growth, but increases were seen globallyAlmost all regions saw an acceleration in the rate of electricity consumption growth in 2024 compared with the annual average…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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Renewables 2022 Renewable heat
Recent trends and policy update Heating is the world’s largest energy end use, accounting for almost half of global final energy consumption. Industrial processes are responsible for 53% of the final energy consumed for heat, while another 44% is used in buildings for space and water heating and, to a lesser extent, cooking. The remainder is used in agriculture, primarily for greenhouse heating. The heating sector is largely dominated by fossil fuels, with renewable energy sources meeting less than one-quarter of global heat demand in 2021 (and the traditional use of biomass makes up half this amount).With…
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Electricity 2026 Executive summary
Electricity demand is set to grow strongly through 2030 as the Age of Electricity takes hold Global electricity demand is forecast to increase at a brisk average annual rate of 3.6% over the 2026-2030 forecast period, supported by rising consumption from industry, electric vehicles, air conditioning and data centres. Worldwide electricity demand grew by 3% year-on-year in 2025. This followed growth of 4.4% in 2024, when intense heat waves and strong industrial activity in many regions boosted electricity use. Looking ahead, annual demand growth over the next five years is set to be 50% higher…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
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Financing Electricity Access in Africa Pathway to universal access
Mobilising the necessary investment Under the new Accelerating Clean Cooking and Electricity Services Scenario (ACCESS), investment of nearly USD 150 billion is needed to achieve universal electricity access in sub-Saharan Africa by 2035. This represents a six-fold increase in annual spending from today’s levels, facilitated by improvements to the regulatory environment, strengthened risk management by developers and risk-mitigation tools to support more private investment, and a more targeted use of concessional funds.Around 45% of households currently without access are connected via the grid under the ACCESS scenario, with financial support for households to reduce connection fees and…
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Pouya Taghavi
Energy Data Manager.
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Gas Growth Integrated Project (GGIP)
…of Iraq and France’s Total Energies agreed on a $10 billion gas deal to recapture and use flared gas in southern Iraq through the Gas Growth Integrated Project (GGIP). The consortium to implement this project will be composed of TotalEnergies (45%), QatarEnergy (25%) and Iraq’s National oil company, the Basrah Oil Company (30%). The GGIP ambitions is to develop Iraq’s natural resources and secure electricity supply. The full scope of GGIP includes:The development of infrastructure to recover flared gas from oil fields to supply gas to power generation plants.The launch of a seawater treatment plant…
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Global Critical Minerals Outlook 2025 Beyond NMC batteries: Supply chain issues for emerging battery technologies
The LFP battery supply chains are significantly more concentrated than those for nickel-based batteries Lithium iron phosphate (LFP) batteries now supply almost half the global electric car market up from less than 10% in 2020, at the expense of the previously dominant nickel-based NMC lithium-ion batteries, due to improved performance and lower costs. This remarkable battery chemistry shift is leading to new battery critical mineral supply chains coming into focus beyond nickel and cobalt. Simultaneously, there is also the emergence of manganese-rich lithium-ion cathodes, sodium-ion batteries, as well as the anticipated impact of solid…
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World Energy Outlook 2022 Energy security in energy transitions
Energy security is not just about having uninterrupted access to energy, but also about securing energy supplies at an affordable price. It is a topic of perennial importance, and is once again high on the policy agenda as a result of the global energy crisis sparked by Russia’s invasion of Ukraine. The surge in energy prices has been on a large enough scale to worsen considerably the global economic outlook, causing difficulties for households and industrial operations alike, and leading many governments to recalibrate their policy priorities. Energy transitions offer the chance to build a safer and more sustainable…
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Global Critical Minerals Outlook 2025 Overview of outlook for key minerals
Demand for critical minerals continues to rise across all scenarios, driven by the rapid deployment of energy technologies Demand for key energy minerals is set to grow rapidly across all scenarios, with the largest source of growth coming from the energy sector. In the Stated Policies Scenario (STEPS), lithium grows fivefold from today to 2040, while graphite and nickel demand double. Demand for cobalt and rare earth elements also grows strongly, increasing 50-60% by 2040. Copper is the material with the largest established market, and its demand is projected to grow by 30% over the same period. Battery deployment…