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Global EV Outlook 2025 Trends in electric car affordability
Falling battery pack prices and intensifying competition underpin progress in electric car affordability Today, electric cars often have a lower total cost of ownership than ICE cars over the vehicle lifetime, due to reduced fuel and maintenance expenses. However, reducing the purchase price gap will be key to broader uptake. In Europe, for example, respondents to a 2023 survey by the European Commission identified the price of battery electric cars as the main barrier to adoption. While battery electric car prices generally fell in 2024, the price gap with ICE cars remains in most regions. Electric car affordability has made…
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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…
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World Energy Outlook 2022 Outlook for liquid fuels
The situation for oil markets today could hardly be more different from what it was in 2020. Two years ago, lockdowns imposed in response to the Covid-19 pandemic caused a huge oversupply of oil, leading prices to collapse to an average of USD 44/barrel. Today, global supply is struggling to keep pace with demand, with many producers bumping up against capacity constraints and Russia’s invasion of Ukraine sharply accentuating market tightness. Prices have soared to an average of USD 105/barrel so far in 2022.Global oil use is subject to sharply conflicting pressures. Some sectors, notably aviation, are…
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Energy Management for Industry Executive summary
Energy management programmes help achieve efficiency targets and meet policy objectives Recent global upheavals and uncertainties are putting increasing pressure on businesses around the world. This is prompting governments to look more and more to energy efficiency to promote industrial competitiveness, increase resilience of businesses, protect jobs, reduce strain on grids, and enhance energy security. Providing government-led energy management programmes or policy packages for industry is one of the quickest and most cost-effective ways of ensuring fast and continual energy efficiency implementation. By encouraging and supporting companies to adopt energy management, governments can help ensure energy demand reductions…
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Global Energy and Climate Model Net Zero Emissions by 2050 Scenario (NZE)
The International Energy Agency (IEA) was asked by the COP26 Presidency in 2021 to give an indication of what achieving the 1.5 °C goal would mean for the energy sector. Responding to this request, the Net Zero Emissions by 2050 Scenario (NZE Scenario) was developed. It represents a global pathway towards the goal of limiting global warming to 1.5 °C, but not the only possible one. The IEA has always been clear that there are various paths to reach this objective and that each country will have its own route. Since 2021, the IEA has updated its NZE Scenario each year…
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Oil 2025 Executive summary
Turbulent times in oil markets Heightened geopolitical risks, unresolved trade tensions, and policy shifts have added myriad uncertainties to the oil market outlook. Since the start of the year, major economic forecasters have cut their outlooks for world GDP growth in 2025 by roughly half a percentage point to around 2.8% and see a below-trend pace of about 3% annually for the remainder of the decade, with knock-on implications for oil demand. With conflicts in the Middle East region at risk of intensifying and trade negotiations ongoing, uncertainties surrounding our forecasts are substantial. At the same time…
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Aïssatou Sophie Gladima
Minister for Petroleum and Energy.
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Ukraine’s Energy Security A pre-winter assessment
Ukraine’s energy sector continues to be a major target of Russian missile and drone attacks As Ukraine enters its fourth winter of the war, energy infrastructure continues to be targeted by Russian attacks. Ukraine’s natural gas and power infrastructure remain vulnerable, with an increasing number of missiles and drones striking critical plants and pipelines. At the same time, evolving tactics and technologies are present a persistent challenge for Ukraine’s air and passive defences.Energy security is central to Ukraine’s overall security. Ensuring that Ukrainian citizens retain access to heat and power is of the utmost importance…
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Energy and AI AI and climate change
The emergence of AI has both raised concerns that AI-fuelled data centre growth might fuel climate change and also raised expectations that AI applications in the energy sector could help reduce emissions by unlocking new optimisations and efficiencies. As over 100 countries – and the European Union – have targets to reach net zero emissions between 2030 and 2070, it is pertinent to explore what AI’s impact on emissions could potentially be. Global fuel combustion CO2 emissions are estimated to reach 35 000 million tonnes (Mt) in 2024. Data centres account for around 180 Mt of indirect CO2 emissions today from the consumption…
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Fareed Yasseen
Former Special Climate Envoy, Iraq.
