-
Global Energy Review 2025 Key findings
Global energy demand grew by 2.2% in 2024 – faster than the average rate over the past decade. Demand for all fuels and technologies expanded in 2024. The increase was led by the power sector as electricity demand surged by 4.3%, well above the 3.2% growth in global GDP, driven by record temperatures, electrification and digitalisation. Renewables accounted for the largest share of the growth in global energy supply (38%), followed by natural gas (28%), coal (15%), oil (11%) and nuclear (8%).Emerging and developing economies accounted for over 80% of global energy demand growth. In China, growth…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 3 pages
-
China’s Official Energy Finance in Emerging and Developing Economies Case 3. Saudi Arabia’s first green full-process heavy plate mill project
Project overview and impact Saudi Arabia is pursuing an ambitious industrial transformation under Vision 2030, including efforts to localise heavy industries, expand low-carbon manufacturing and diversify export capacity. Steel demand is expected to grow steadily due to investment in hydrogen, ammonia, shipbuilding, offshore engineering and large-scale infrastructure. However, the country currently imports nearly all of its heavy plate steel, and domestic production has lagged the needs of an economy shifting towards more capital-intensive sectors and cleaner industrial processes.A new heavy-plate complex developed jointly by China Baowu Steel Group, Saudi Aramco and the Public Investment Fund…
-
Global Methane Tracker 2025 Accelerating industry action
Current oil and gas industry initiatives on methane A growing number of oil and gas companies have set methane targets, joining initiatives such as the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the Oil and Gas Climate Initiative (OGCI), the Oil and Gas Decarbonization Charter (OGDC), and the Methane Guiding Principles. OGMP 2.0 is the flagship oil and gas reporting and mitigation initiative of the United Nations Environment Programme (UNEP). Since 2023, around 20 new companies joined OGMP 2.0, bringing coverage to just over 40% of global oil and gas production.OGCI’s Aiming for Zero…
-
Ensuring a Strong Labour Dimension for Just and Inclusive Energy Transitions Just and Inclusive Energy Transitions
Workers play a critical role in the global energy system, providing key services across many areas of the energy sector. To give a greater voice to the labour perspective in energy and climate policy discussions, the IEA Executive Director convened the Clean Energy Labour Council in 2022. The Labour Council is made up of representatives of the world’s most important national trade unions and trade union confederations, as well as prominent thinkers on the topic, to foster engagement between the IEA, energy policy makers, and the labour movement.One of the main topics for the IEA Clean Energy Labour…
-
What Next for the Global Car Industry The global car industry in context
Highlights Global car markets are undergoing potentially transformative changes. Car sales reached a high point in 2017 and have bounced back from a pandemic-related drop due to sales of electric and hybrid cars; sales of conventional cars have continued to fall. Growth has shifted to emerging economies including China since the turn of the century, with around half of all sales now in these regions. Global car production has grown unevenly since the pandemic. China’s car output reached a record 27 million in 2024, 30% higher than in 2019, while India’s output grew 30% to almost 5…
-
Global Hydrogen Review 2026 Policy
A total of USD 41 billion in public funding has been identified in policy updates made since the Global Hydrogen Review 2025 (GHR-25). Nearly two-thirds of this funding is linked to legislation in force and almost 25% has already been disbursed to projects, triggering final investment decisions (FID). As in GHR-25, most of the funding comes from advanced economies and for every dollar going to demand, about 1.5 dollars go to supply.The number of national hydrogen strategies has stabilised at 66 globally, and recent updates have focused either on implementing strategy actions (Brazil, Mauritania, Romania) or revising targets…
-
Global EV Outlook 2025 Outlook for electric mobility
Overview In this part of the report, we focus on the outlook for electric mobility in road transport over the period to 2030. A scenario-based approach is used to explore the prospects for electric mobility, based on recent market trends, policy drivers and technology developments. The purpose of scenario projections is to assess a plausible future for global electric vehicle (EV) markets and the potential implications. The scenario projections are not intended as predictions about the future. Rather, they aim to provide insights to inform decision-making by governments, companies and other stakeholders about the future of EVs. In…
-
Sheltering From Oil Shocks Summary
The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz. Some 15 million barrels of crude oil and 5 million barrels of oil products typically traversed the Strait each day, equivalent to around 20% of global oil consumption. These flows have slowed to a trickle. The loss of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel…
-
China’s Official Energy Finance in Emerging and Developing Economies Trends in China’s Outbound Energy Finance
This section examines the major shifts in China’s outbound energy finance over the past decade, with a particular focus on developments since 2022. Drawing on publicly available project information and systematically compiled datasets, the analysis highlights structural changes in the scale, composition and institutional drivers of official financing, with aggregate figures presented up to 2024. Together, these trends reveal how China’s role as an energy financier is evolving – from a gradual decline of traditional policy-bank lending to the rise of more commercial-oriented official providers – and what this means for investment patterns across EMDE. Overall financing trends…
-
Outlook for Biogas and Biomethane Biogas and biomethane outlook to 2050
The landscape for biogases is very different now compared to our last Outlook in 2020, with total demand 32% higher in 2040 in the STEPS than in the New Policies Scenario at the time. Whereas natural gas prices in 2020 were at record lows, the Russian invasion of Ukraine in 2022 triggered interest in developing biomethane to substitute imported natural gas. The revised figure is driven in part by strengthened policy incentives, notably in Europe and China. There is a strong continued use case for biogases in the Outlook scenarios. Electricity's share in total final consumption increases from 20…
