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Alexander De Croo
Prime Minister. Alexander De Croo is Prime Minister of Belgium and former Finance Minister.
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Gaining an Edge Summary for policymakers
Energy efficiency delivers more than energy savings and emission reductions – it can also improve the competitiveness of countries and firms. From increased profitability to job creation, energy efficiency helps firms compete amid high costs, growing demand, and rising trade pressures. In today’s global context, energy efficiency is not only a matter of energy policy, but also of economic policy.Today the world’s industries can produce nearly 20% more value for a given amount of energy than they could two decades ago. This progress has yielded significant benefits at the country level. G20 countries have doubled their economic output…
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Global Critical Minerals Outlook 2025 Innovation in mining, refining and recycling to promote diversification
New technologies in mining, refining and recycling hold major potential to scale up diversified supplies Continued growth in mineral demand in the coming decades calls for substantial contributions from supply sources that are sustainable and minimise losses and waste. However, progress on upstream and midstream, or “supply-side”, innovations has been lagging. Building resilient and responsible mineral supply chains will require efforts to scale up new technologies that can increase supply volumes, improve the energy efficiency of production processes, and reduce water consumption, waste generation and emissions all along the supply chain. These innovations can help achieve various policy goals…
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Ariane Millot
Former Junior Energy Modeller.
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Roberto Cingolani
Minister for Ecological Transition.
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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…
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Rafael Martinez-Gordon
Clean Technology Modeller – Industry and Buildings.
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Gas Market Lessons from the 2022-2023 Energy Crisis Impact analysis of the two largest LNG import regions
Europe BackgroundNatural gas is a central element in Europe’s energy landscape, accounting for about one-quarter of primary energy supply and playing a role across virtually all demand sectors. In the run-up to the crisis, the European continent could count on a multitude of gas supply sources: domestic production, pipeline imports and LNG imports. This diversity of sources fostered gas-on-gas competition and a growing reliance on spot-traded supply, notably in LNG. From 2015 to 2021, the share of short-term and spot-traded LNG imports grew from 10% to about 40% – a share that kept…
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Global EV Outlook 2026 Cutting through the noise
Cutting through the noise
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Fossil Fuel Subsidies
This approach compares average end-user prices paid by consumers with reference prices that correspond to the full cost of supply. The price gap is the amount by which an end-use price is short of the reference price. Its existence indicates the presence of a subsidy. In a given economy, the basic calculation of subsidies for a product is:Subsidy = (Reference price - End-user price) × Units consumedThese calculations require substantial data. End-user price and consumption data are drawn from IEA data and, where necessary, from government sources and other reports. The estimates are also sensitive to reference…