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Global Hydrogen Review 2026 Key questions about hydrogen
How has the conflict in the Middle East affected supplies of fertilisers and chemicals made from hydrogen? The conflict in the Middle East has disrupted not only oil and gas flows, but also global supply chains for hydrogen‑based products, particularly fertilisers and chemicals such as ammonia, urea and methanol. These products account for a large share of hydrogen demand, with ammonia and methanol alone representing roughly half of global consumption.The Middle East plays a critical role in global markets for hydrogen-based products, and a large share of its production is dedicated to exports, making the region a major…
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China’s Official Energy Finance in Emerging and Developing Economies Dashboard
Overview The dashboard provides an interactive view of Chinese official-sector financing for energy across EMDE, enabling users to explore project-level data by year, recipient country or region, technology, instrument, provider type and currency (when applicable). Developed to bring greater understanding of China’s diverse financing channels, the dashboard allows users to filter and compare flows in either USD (2024, MER) or by project count. It is designed to complement the analysis in this report and to support deeper understanding of how different institutions and instruments shape China’s role in EMDE energy finance.Use the filters to explore…
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Jean-Baptiste Dubreuil
Former Senior Natural Gas Analyst.
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Sustainable Transport for Georgia: A Roadmap Executive summary
Georgia is at a pivotal point in shaping sustainable transport policy. This roadmap guides policy makers in making transport cleaner, fairer and more efficient while building on Georgia’s strengths – its location, institutions, competitive wages, low-emissions electricity and natural resources. Key opportunities include assembling and producing electric vehicles; manufacturing cells and battery components for mobility and storage; strengthening regional freight links; and developing low-emission fuels.Road transport has become cleaner and more efficient, but progress needs to accelerate. Car ownership and freight activity have risen along with incomes, but this comes at a cost: Nearly all of Georgia…
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Global Hydrogen Review 2026 Executive summary
The conflict in the Middle East has disrupted global production and trade of hydrogen-based products The Middle East is a major producer of hydrogen-based products, and the conflict has strongly impacted their production. The Middle East is home to around one-sixth of global hydrogen production, the majority dedicated to the production of chemicals, fertilisers and refined oil products. The region accounts for more than 10% of global refining capacity, ammonia and urea production, and close to 17% of methanol production. Several refineries and petrochemical plants have halted operations due to supply disruptions and the impossibility of exporting…
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Electricity Market Design Executive summary
Electricity systems are changing fast, and market design must evolve with them Electricity systems are undergoing rapid structural change, increasing the need for market frameworks that keep pace with evolving operational and investment requirements and possibilities. Electricity is central to modern economies, and its role is expanding as consumption patterns shift, digitalisation accelerates, energy systems decentralise, and variable resources grow. Across major regions, these trends are increasing the complexity of real-time operations and reshaping investment dynamics. Short-term and seasonal flexibility needs are projected to grow faster than demand over the next decade, while electrification in many sectors is…
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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…
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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…
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Global Energy and Climate Model About the Global Energy and Climate Model
Overview Since 1993, the IEA has provided medium- to long-term energy projections using a continually evolving set of detailed, world-leading modelling tools. First, the World Energy Model (WEM) – a large-scale simulation model designed to replicate how energy markets function – was developed. A decade later, the Energy Technology Perspectives (ETP) model – a technology-rich bottom-up model – was developed for use in parallel to the WEM.Over the past four years, the IEA has worked to develop a new integrated modelling framework: the IEA’s Global Energy and Climate (GEC) Model. This model is now the principal tool…
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World Energy Outlook 2025 Achieving access for all
A roadmap for universal energy access Today around 2 billion people lack access to clean cooking and some 730 million remain without electricity – deficits which have far-reaching implications for health, economic opportunity and global development. Since 2010, 1.5 billion people have gained access to clean cooking and 1 billion to electricity, demonstrating that rapid progress is possible. Our new Accelerating Clean Cooking and Electricity Services Scenario (ACCESS) outlines a country-by-country pathway to universal access that draws on lessons about what has worked best in recent years. Universal clean cooking access is achieved in the ACCESS around 2040. Over 60…
