-
Unlocking Ukraine’s Hydrogen Opportunity: A Roadmap Policy recommendations for the coming 2-3 years
Prioritise deployment of renewables to boost energy security and create an enabling environment for future hydrogen development Ukraine currently lacks adequate power generation capacity and restoring energy security must be a priority. Any activity focused on accelerating deployment of renewables will have positive spillover effects for hydrogen, by building experience across the workforce and companies and helping to build confidence among potential investors. This will also indirectly reduce the cost of capital by reducing the uncertainties related with renewable electricity generation. Similarly, any efforts related to permitting and administrative processes for renewables can also support the creation of standardised processes…
-
Electricity Mid-Year Update 2025 Supply: Renewables grow the most, followed by gas and nuclear
As highlighted in our annual Electricity 2025 report, low-emissions energy sources are reaching new milestones globally in our forecast period. Renewables are poised to surpass coal-fired generation, depending on weather trends and economic developments, either as early as 2025 or in 2026. As a result, coal’s share in total generation is set to drop below 33% for the first time in the last 100 years.Solar PV and wind energy are key drivers of this trend, with their combined share in global electricity generation expected to rise from 15% in 2024 to 17% in 2025 and to above…
-
Global Energy Review 2025 CO2 Emissions
Energy sector carbon emissions reached a new record in 2024 Total energy-related CO2 emissions increased by 0.8% in 2024, hitting an all-time high of 37.8 Gt CO2. This rise contributed to record atmospheric CO2 concentrations of 422.5 ppm in 2024, around 3 ppm higher than 2023 and 50% higher than pre-industrial levels. In 2024, CO2 emissions from fuel combustion grew by around 1% or 357 Mt CO2, while emissions from industrial processes declined by 2.3% or 62 Mt CO2. Emissions growth was lower than global GDP growth (+3.2%), restoring the decades-long trend of decoupling emissions…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 3 pages
-
Toril Bosoni
Head of Oil Industry and Markets Division.
-
Rigathi Gachagua
H.E. Rigathi Gachagua, EGH. Deputy President
-
Coal Mid-Year Update 2025 Overview
Global coal demand grew by 1.5% in 2024, reaching an all-time high Global coal demand rose by 1.5% in 2024 to reach 8.79 billion tonnes (Bt), a new record. The growth was the slowest annual rate since the Covid-19 crisis in 2020 caused coal demand to decline. The post-Covid economic recovery and high natural gas prices have driven a sharp rise in global coal demand in recent years, but the growth has slowed year-on-year since 2021. Coal demand grew by 7.7% in 2021, 4.4% in 2022 and 2.3% in…
-
Multiple Benefits of Energy Efficiency for Business Operational benefits
For every dollar in energy cost savings, productivity gains can deliver up to an extra 30 cents of value Energy efficiency measures can improve how firms use labour, equipment and materials, leading to gains that go beyond reduced energy use. These improvements are often driven by more efficient, precise and optimised processes. By reducing losses – such as excess heat, inefficient combustion or friction – equipment operates more smoothly and reliably. Electrified processes can further enhance efficiency by reducing the number of moving parts and points of failure.This improved performance leads directly to higher productivity. More efficient production lines enable better…
-
World Energy Employment 2024 Executive summary
Global energy employment outperformed broader labour market trends in 2023. The global energy sector added nearly 2.5 million jobs in 2023 on the back of rising investment, bringing total employment to over 67 million workers. Employment in energy – which in this report includes energy supply, the power sector, end-use efficiency and vehicle manufacturing – rose by 3.8%, outpacing the economy-wide average of 2.2%. Energy job growth was fuelled by record levels of investment across a wide range of energy sources in the wake of the global energy crisis. As a result, jobs grew rapidly in both…
-
Chemicals
Chemicals
-
Global Hydrogen Review 2026 Cost acceptability
Analysis of the costs of hydrogen in different end-uses enables identification of the maximum acceptable costs for hydrogen users, i.e. the maximum amount that can be spent on the hydrogen feedstock within a low-emissions pathway while maintaining the same total levelised cost of production as the incumbent pathway to produce the same commodity.This can enable policy makers and investors to identify sectors with both high maximum acceptable hydrogen costs and high potential volumes that can serve as lead markets for low-emissions hydrogen. Cost acceptability can be influenced by policies and depends on technologies, fuels and…
