-
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…
-
Global Energy Review 2026 Coal
…these trends balanced each other out, resulting in only modest global demand growth over the year. Coal power generation accounts for two-thirds of coal consumption globally, and therefore is the main driver of coal demand trends. In 2025, coal power generation was basically flat, remaining close to 2024 levels. In the industrial sector, coal demand continued its decline in advanced economies as well as in heavy industry in China, where cement and steel production peaked in 2014 and 2020 respectively. However, this was offset by demand growth in other sectors, with coal increasingly used to produce chemicals in China…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 9 pages
-
Energy Efficiency 2025 Buildings
How and where is energy used? Total final consumption in 2024 was over 450 EJ and has grown by around 25 EJ since 2019. Buildings account for around 30% of global energy demand and have contributed around 20% of the growth in total demand since 2019. The residential sector makes up about 70% of total energy demand in buildings, while the remaining 30% is used in commercial and public buildings.In advanced economies, most energy in homes is used for space and water heating, together accounting for about 70%. This is followed by the use of electrical appliances, such as refrigerators, televisions…
-
Universal Access to Clean Cooking in Africa Outlook for clean cooking in Africa
Off the back burner? Based on today’s policies, investment and market trends, only three African countries are set to reach universal clean cooking access by mid-century. Sub-Saharan Africa could achieve universal coverage by 2040, if countries were to replicate the best historical rates of progress seen in similar countries around the world – a pathway explored in the new Accelerating Clean Cooking and Electricity Services Scenario (ACCESS). It will require 80 million people to gain access annually, or a 4.7 percentage point improvement in access rates each year, comparable to rates of progress seen in Indonesia, Cambodia…
-
Coal 2025 Supply
…plateaus in 2025 as structural shifts emerge to 2030 In 2024, global coal production hit a record high of 9.1 billion tonnes, largely driven by increased output in China, India and Indonesia. China retained its position as the world’s leading coal producer, maintaining output at 4 666 Mt. Coal remains the primary energy source in both China and India, making domestic production a cornerstone of their energy security strategies. Following supply shortages in 2021, both countries have ramped up coal production for several years in a row.At 9 111 Mt, global coal production in 2025 is projected to remain at 2024’s level…
- Executive summary
- Demand
- Supply
- Trade
-
+ 2 pages
-
Energy Efficiency 2025 Industry
How and where is energy used? Total final consumption in 2024 was over 450 EJ and has grown by around 25 EJ since 2019. Industry accounts for the largest share of this demand, at nearly 40%. Industry saw the strongest growth since 2019, contributing two-thirds of the total increase in global energy demand. The industrial sector can be divided into energy-intensive industries, responsible for three-quarters of total industrial demand, and less intensive industries, which are responsible for the remainder.In energy-intensive industries, energy is largely used in processes that require high-temperature heat, generally above 500°C. Efficiency improvements…
-
Scaling Up Transition Finance What is transition finance?
Developments and current status Many energy investments defy a simple binary classification between “clean” and “dirty”: there are also the “in-between” investments that can deliver material emissions reductions but that do not bring emissions to zero. These investments have historically been difficult to categorise due to differences in energy pathways and timeframes across regions and have been the subject of debate, including over whether and how they should be supported.Transition finance refers to financial activities that can contribute to emissions reductions, particularly in hard-to-abate sectors as well as in emerging market and developing economies (EMDE) where…
-
Global Energy Review 2025 Natural gas
…75% of incremental gas demand in 2024. This was bolstered by continued economic expansion in fast-growing markets in Asia, as well as some recovery in Europe’s industrial gas demand, though it remained well below its pre-crisis level. Gas demand for electricity generation grew by near 2.8% year-on-year, as strong increases in North America, fast-growing Asian markets and Eurasia were partially offset by lower gas-fired power generation in Europe. Extreme weather conditions, particularly heat waves in China, India and the United States, contributed to higher gas burn in the power sector in 2024…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 3 pages
-
Scaling Up Transition Finance Sectoral insights
…pathways, these technologies are still in the preliminary stages of commercial deployment. In the near-term, transition finance can support interim steps towards reaching near-zero emissions solutions.Critical minerals: As these are the material backbone of energy supply chains, scaling mining and refining is crucial to meeting increasing demand driven by energy applications such as electric vehicles, battery storage, renewables and grid networks. At the same time, the extraction and processing of minerals may have adverse impacts that require safeguards addressing not only greenhouse gas (GHG) emissions but also, among others, high water use, land degradation and biodiversity loss…
-
Global Energy and Climate Model Stated Policies Scenario (STEPS)
The Stated Policies Scenario (STEPS) has a long pedigree in the International Energy Agency (IEA) family of scenarios. It was introduced in 2019 with this name, but it has much in common with the previous New Policies Scenario that dates back to the 2010 edition of the World Energy Outlook (WEO). The intention of this scenario is to reflect the prevailing direction of travel for the energy system based on a detailed reading of the latest policy settings in countries around the world. It takes into account specific energy, climate and related industrial policies that have been adopted or put…
