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Country report
Dec 2025
China’s Official Energy Finance in Emerging and Developing Economies Case studies
China’s outbound energy engagement spans a wide range of technologies, financing structures and institutional actors. While aggregate trends reveal a system that is becoming more diversified, risk-sensitive and commercially oriented, the specific pathways through which Chinese capital supports energy transitions in EMDE become clearer when examined at the project level.The following case studies illustrate this diversity in practice, from large-scale renewable deployment and grid modernisation to industrial decarbonisation, equity participation in regional infrastructure platforms and upstream resource development. Together, they show how different parts of China’s official financing system interact with local conditions, how technical…
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Policy report
Jun 2026
Energy Efficiency Policy Toolkit Transport
Introduction Private cars and vans were responsible for more than 25% of global oil use and around 10% of energy-related CO2-emissions in 2023. Doubling global annual energy intensity improvement by 2030 would require the efficiency of cars to improve by 5% each year. An integrated policy approach combining regulation, information and incentives is the most effective way to achieve this goal.Regulations such as fuel economy standards and heavy-duty vehicle standards encourage manufacturers to introduce more efficient vehicles, thereby significantly reducing greenhouse gas emissions. Countries with regulations and/or efficiency-based purchase incentives in place improve efficiency…
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Technology report
Apr 2026
Critical Mineral Traceability for Energy and Economic Security Executive summary
…are set to see strong demand growth, driven by their central role in energy and strategic industrial applications. Yet diversification has lagged demand, with processing and refining remaining highly concentrated. Risks from concentration materialised in 2025 as new export controls threatened the supply of materials critical to strategic and economically important industries.Recent years have seen a proliferation of new policies and strategies to address these security risks. Policy approaches differ across countries, reflecting variations in their strategic priorities. Producing countries tend to adopt policies that encourage domestic projects or enhance domestic oversight over use of mineral resources. Consuming countries…
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Fuel report
Dec 2025
Coal 2025 Supply
Coal production 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…
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- Demand
- Supply
- Trade
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Report
Nov 2025
Global Energy and Climate Model Accelerating Clean Cooking and Electricity Services Scenario (ACCESS)
…The ACCESS prioritises cost-effective and proven measures to improve access, considering all relevant fuels and technologies, and the infrastructure, policies and financing needed to scale them up. It draws on new modelling developed by the IEA based on a country-by-country analysis. It examines distinct pathways for rural and urban areas that take account of the rates of progress achieved in countries sharing similar characteristics in terms of demography, levels of prosperity, resource availability and institutional governance. The modelling assesses the availability and cost of potential solutions and selects the option that is most affordable relative to household…
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Fuel report
Dec 2025
The Value of Demand Flexibility Executive summary
With global electricity demand rising and set to add around 1 000 TWh each year until 2035, new ways of managing the balance between supply and demand are needed. Demand flexibility – the ability to adjust the timing or amount of electricity use in response to system needs – is central to help achieve this balance. Advances in digitalisation, including the growing use of AI tools, are further enhancing the ability to deploy flexibility effectively.This policy brief, part of the 3DEN Initiative, presents a concise framework for understanding demand flexibility and its value across the energy system, highlighting that it can:Enhance power…
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Flagship report
Oct 2022
World Energy Outlook 2022 Outlook for gaseous fuels
Global demand for natural gas held up better than demand for other fossil fuels during the first year of the Covid-19 pandemic, and then increased by 5% in 2021, double its average growth rate over the past decade. A dearth of new projects, weather-related increases in demand, LNG outages and reduced Russian exports tightened the global gas supply balance from mid-2021 and put upward pressure on prices, especially in Europe where the Title Transfer Facility (TTF) benchmark rose from less than USD 10 per million British thermal units (MBtu) in the first-half of 2021 to over 30 USD…
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Flagship report
May 2026
Global EV Outlook 2026 Trends in other EV modes
…reached total cost of ownership (TCO) parity with diesel trucks in certain cases after 5 years of ownership. Strong policy measures from the government further incentivised growth: the renewed scrappage scheme offered owners up to around USD 20 000 to replace older trucks (i.e. trucks compliant with China IV emissions standards or earlier pollutant emissions standards) with cleaner trucks – either new energy vehicles or conventional trucks that meet China VI emissions standards. The subsidy is sufficient to cover around 20-50% of the average electric truck price premium in China. Decarbonisation targets for heavy industry have also strongly supported the switch to electric trucks…
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Flagship report
May 2026
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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Country report
Dec 2025
China’s Official Energy Finance in Emerging and Developing Economies Case 5. Silk Road fund commitment in African Infrastructure Investment Fund IV
Project overview and impact Africa’s energy sector faces a persistent investment shortfall, with annual clean energy spending needing to grow more than six times by 2035 to achieve net zero emissions by 2050. Equity funds have become an important channel for mobilising capital into markets where project-level financing remains constrained by high costs of capital, currency risk and a shortage of scalable, investable project structures. Against this backdrop, the Silk Road Fund (SRF) committed USD 50 million to the African Infrastructure Investment Fund IV (AIIF4) in 2023. The AIIF4 is a pan-African infrastructure fund managed by African…