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China’s Official Energy Finance in Emerging and Developing Economies Case 3. Saudi Arabia’s first green full-process heavy plate mill project
…production plant, will be located in Ras al-Khair Industrial City and is scheduled to begin operations by the end of 2026. With an annual capacity of up to 1.5 million tonnes, the plant will supply domestic industries and export to the wider Gulf and Middle East and North Africa (MENA) region.A key feature of the project is its low-carbon production route. The plant will use a natural gas-based direct reduced iron (DRI) furnace and an electric arc furnace (EAF), targeting up to 60% lower CO₂ emissions compared with the traditional blast furnace route. The DRI…
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Global Energy Review 2026 Technology: Battery storage
…number can be deployed for four hours or more, reflecting the growing value of flexibility in systems with rising shares of PV.China continued to lead battery deployment in 2025, accounting for around 60% of global additions, followed by the United States and Europe. However, deployment is widening beyond the largest markets, with strong momentum in Australia and parts of the Middle East, where storage is increasingly seen as a key building block for electricity security and renewables integration.Battery-based uninterruptible power supplies (UPS) – primarily in data centres – also saw significant growth, with capacity additions rising 30% to 45…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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World Energy Investment 2026 Regional dashboards
Despite the destabilising effect of the Middle East conflict, capital flows to the energy sector are expected to grow to USD 3.4 trillion in 2026, a 5% rise from 2025, mainly from China, the US, and the EU. Clean energy investment grows to USD 2.2 trillion, almost double that of fossil fuels. Investment in clean energy increases year-on-year by 7% in advanced economies and in China, while 4% in other emerging markets, reflecting regional differences with a shared focus on energy security.
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World Energy Outlook 2025 Regional insights
…renewable and nuclear energy, diversify sources of supply and improve energy efficiency. This chapter explores energy pathways in different countries and regions. It also includes a deep dive into a pertinent topic for each region. For the United States, Latin America and Africa, we explore themes that focus on the development of domestic resources. For India, Southeast Asia and the Middle East, we explore the strategies and policies being deployed to manage energy demand growth in ways that are aligned with country and regional priorities. For the European Union, Japan and Korea, we explore themes of competitiveness and energy security…
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Dr Sultan Al Jaber
President-Designate for COP28. Dr Sultan Al Jaber is the President-Designate of COP28; the UAE’s Minister for Industry and Advanced Technology and Special Envoy for Climate; Chairman of Masdar; and Group CEO of the Abu Dhabi National Oil Company (ADNOC).
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Alberto Toril
Former Energy Investment Analyst.
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Anita Hafner
Former Energy Analyst.
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Giulia Ragosa
PhD student, UCL Energy Institute.
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Brendan Reidenbach
Energy Efficiency Policy Analyst.
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Hana Mandová
Former Junior Energy Analyst - Industry.
