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Cost of Capital Observatory
Tracking the cost of capital for clean energy projects in emerging and developing economies The Cost of Capital Observatory is an initiative from the IEA, the World Economic Forum, ETH Zurich and Imperial College London. The aim of the Observatory is to increase transparency in the energy sector and inspire investor confidence, especially in emerging and developing countries where data on financing costs is scarcer.The Observatory is divided into three sections:A Dashboard that provides free data on the cost of capital for energy projects in emerging and developing economies, updated with 2023 and 2024 data in July and…
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Clean Energy Transitions Programme 2025
Annual report 2025 The IEA’s Clean Energy Transitions Programme (CETP) helps countries around the world accelerate their transition to clean energy, with a focus on emerging markets and developing economies. By combining global analysis, high-level convening and hands-on technical support, the CETP ensures that evidence, policy guidance and practical tools reach those shaping energy strategies on the ground.In 2025, the CETP has supported almost 350 high-level bilateral meetings with policy makers, over 700 workshops and technical exchanges, involving almost 13 000 participants, and 26 capacity-building events with over 1 700 policy professionals on energy efficiency, data…
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International collaboration continues to power innovation in energy technologies
International collaboration continues to power innovation in energy technologies For 50 years, Technology Collaboration Programmes have played a crucial part in advancing international energy goals Throughout history, collaboration among researchers and experts across countries has been a motor of innovation in energy technologies. By advancing our understanding of energy fundamentals, improving the efficiency and quality of existing processes and materials, and supporting the development of frontier technologies that strengthen the energy security and sustainability, this coordination has accelerated progress and shed new light on the implications of innovative technologies around the world.An understanding that energy technology innovation can play…
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Demand and Supply Measures for the Steel and Cement Transition
The case for international co-ordination A massive scale-up of markets for transformative near-zero emissions steel and cement is needed to achieve internationally agreed net zero goals. Yet early movers on both the supply- and demand-side – that is, material producers and consumers – face substantial barriers related to high costs and risks, among other factors. This has led to relatively slow market growth for near-zero emissions materials, at a moment when reinvesting in long-lived high-emissions production could have repercussions for governments to achieve their stated climate goals. Policy makers have the opportunity to play a…
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Oil Market Report - June 2025
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand is forecast to increase by 720 kb/d in 2025. This is marginally below last month’s estimate, as weak 2Q25 deliveries in the United States and China undercut resilience elsewhere. Growth in 2026, at 740 kb/d, will be held back by…
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Lithuania 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Lithuania and the IEA. It draws on the IEA’s extensive…
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Georgia
Georgia has developed an energy sector based largely on hydropower and fuelwood, in addition to imports of fossil fuels. It is also an important transit country for the region, with major oil and gas pipelines running across Georgian territory. Efforts are required to improve energy efficiency and capitalise on the country’s renewable energy potential.
Georgia has made solid progress in the past decade, both in improving the security of its energy supply and in transitioning to a cleaner, more sustainable energy system. Although Georgia is still confronted with many challenges in its transition to a more secure, sustainable and…- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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The State of Energy Innovation 2025
A comprehensive assessment of recent progress and emerging challenges in energy technology innovation Global energy innovation is evolving rapidly, shaped by technological advances, increased public and private investment, and a shifting international landscape. This report provides a comprehensive assessment of recent progress and emerging challenges in energy technology innovation, drawing on over 150 innovation highlights and a survey of practitioners across 34 countries. It analyses trends in public and corporate R&D spending, venture capital flows, and technology demonstration efforts, highlighting an increasingly international landscape, with emerging economies making strides alongside traditional leaders. The report documents the increasing focus on…
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Oil Market Report - September 2025
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand is forecast to increase by 740 kb/d y-o-y in 2025, up marginally from last month's Report, with resilient deliveries in advanced economies contrasting with relatively muted consumption in emerging economies. OECD demand growth of 80 kb/d y-o…
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Energy System Resilience
Lessons learned from Ukraine Ensuring energy security encompasses both long-term and short-term dimensions. The long-term dimension involves securing sufficient infrastructure investment and diverse supply sources. The short-term dimension – resilience – focuses on systems’ ability to cope with events exceeding standard planning conditions. Since Russia’s full-scale invasion in 2022, Ukraine has worked to protect its energy sector and to increase its ability to withstand and rapidly recover from Russia’s attacks on its energy infrastructure. The report explores the lessons that Ukraine has been learning as it works to bolster system resilience and identifies measures that…
