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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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Sheltering From Oil Shocks Targeted consumer support to enhance energy affordability
Many governments around the world are reacting quickly to protect consumers from increasing fuel prices. In the days following the conflict in the Middle East, the IEA has tracked announcements from around 40 countries that are deploying or considering deploying emergency measures to shelter consumers from price increases. Immediate government responses have been to implement price caps, fuel subsidies and shifts in taxation, along with price stabilisation mechanisms that can quickly set limits on consumer price increases. Previous crises, including the Covid-19 pandemic and the 2022 energy crisis, demonstrated that impacts often fall disproportionately on the poorer segments of…
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Financing Clean Energy in Africa Clean energy investment landscape: setting the scene
Summary The IEA’s Africa Energy Outlook 2022 laid out a new scenario – the Sustainable Africa Scenario (SAS) – which sees the continent achieve by 2030, in full and on time, all of its energy and climate-related goals, including universal energy access and its NDCs.Realising the SAS requires mobilising over USD 200 billion annually by 2030, but energy investment has been declining in Africa and in 2022 was under USD 90 billion. Clean energy spending was a fraction of this at around USD 25 billion – only 2% of the global total despite the recent rise in global clean energy investment. This is far from what…
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Electricity Mid-Year Update 2025 Demand: Global electricity use to grow strongly in 2025 and 2026
Global electricity demand is forecast to increase by an average annual 3.3% in 2025 and by 3.7% in 2026, a moderation from 4.4% in 2024 but still some of the highest growth rates observed over the last decade. This is a slight downward revision from our previous forecast in February 2025 of 4% growth for this year and 3.8% in 2026. The change is partly due to the IMF's downgrade of the global GDP growth outlook compared with its January 2025 update amid elevated uncertainty surrounding trade tariffs and economic prospects. Despite these downside risks…
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The State of Energy Innovation 2025 Interactive: Highlights in energy innovation
Interactive: Highlights in energy innovation
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The State of Energy Innovation 2026 Interactive: Highlights in energy innovation
Interactive: Highlights in energy innovation
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Electricity 2026 Supply
Renewables and nuclear keep growing and setting records Global electricity generation will reach multiple new milestones in our 2026-2030 forecast period. This is particularly the case for low-emissions generation sources – renewables and nuclear – which will continue expanding and setting new records. Renewable energy is now outpacing coal, with nuclear generation simultaneously reaching historic highs. Constrained by growth in low-emissions sources, coal-fired generation globally is forecast to record slight declines, where demand growth through 2030 will be met by renewables, natural gas and nuclear. While trends for individual fuels vary by region, a common theme is the…
- Executive summary
- Demand
- Supply
- Grids
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Czechia 2025 Executive summary
The Czech Republic (Czechia) aims to phase out coal at an almost unprecedented pace. The IEA commends Czechia for such an ambitious phase-out. Coal is a major fuel source in Czechia, currently providing more than one-third of Czechia’s electricity and half of its district heating. Coal-fired plants are slated for retirement by 2033, but economic drivers may close them earlier. This would be an extraordinary transformation of Czechia’s energy system. The transition from its fossil fuel legacy can be a springboard to building a vibrant clean energy economy. But it is not without challenges, such…
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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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World Energy Investment 2026 How we track investment in energy
Tracking energy investment The way investment is measured across the energy spectrum varies, largely because of differences in the availability of data and the nature of expenditures. This document highlights the methodology used to ensure that the estimates are consistent and comparable across sectors in the World Energy Investment 2026 (WEI 2026) report and other publications from the International Energy Agency. The IEA measures investment as the ongoing capital spending on assets. For some sectors, such as power generation, this investment is spread out evenly from the year in which a new plant or upgrade of an existing one takes…
