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Scaling Up Transition Finance What is transition finance?
Developments and current status Many energy investments defy a simple binary classification between “clean” and “dirty”: there are also the “in-between” investments that can deliver material emissions reductions but that do not bring emissions to zero. These investments have historically been difficult to categorise due to differences in energy pathways and timeframes across regions and have been the subject of debate, including over whether and how they should be supported.Transition finance refers to financial activities that can contribute to emissions reductions, particularly in hard-to-abate sectors as well as in emerging market and developing economies (EMDE) where…
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Global Hydrogen Review 2026 Investment and innovation
Capital spending on low-emissions hydrogen projects reached nearly USD 7 billion in 2025, nearly double the 2024 level and equal to 0.7% of global investment in energy supply. Investment in electrolysis overtook investment in carbon capture, utilisation and storage (CCUS)-based hydrogen, thanks to a stronger pipeline, higher capital intensity and faster project progress, and could account for around 70% of nearly USD 10 billion in investment in 2026.China and Europe lead committed electrolysis projects, with China accounting for more than 60% of capacity by 2026 and 25% of estimated investment. Europe represents less than 20% of capacity but 45% of…
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Gaston Siroit
OEMLAC Director and Technical Advisor to the Executive Secretary of OLADE. Gastón Siroit is an energy and mining specialist with over twenty years of experience across Latin America and the Caribbean. He currently heads the OEMLAC and serves as Technical Advisor to the Executive Secretary of OLADE, leading regional initiatives on energy transition. His work focuses on regulatory frameworks, climate and energy policies, and project implementation for low-carbon development. Previously, he served as Technology Director at Argentina’s Secretariat of Energy and earlier held senior roles within Total and Shell in Europe, Africa, and South America. He holds engineering degrees from ITBA and INSA Toulouse, and a master’s in project management from Mines Paris - PSL (formerly École des Mines de Paris).OLADE serves as the leading intergovernmental platform for energy dialogue and cooperation in Latin America and the Caribbean, fostering integration, knowledge exchange, and investment to acceler...
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Global Methane Tracker 2026 Strategies to speed action
Making a business case for methane abatement Tackling methane emissions from fossil-fuel operations is one of the quickest and cheapest ways to curb global greenhouse gas emissions. Most of the methane abatement measures available today in the oil and gas sector would be cost-effective at a carbon price of about USD 20 per tonne of carbon dioxide equivalent (tCO2‑eq). Methane abatement has not caught on as widely as it could, for several reasons. Companies may underestimate of the scale of the problem or be unaware of the available solutions. Capital is often steered toward higher-profile projects, while corporate…
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Breakthrough Agenda Report 2026 Hydrogen
Hydrogen
- Executive summary
- Hydrogen
- Road transport
- Steel
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+ 3 pages
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Sheltering From Oil Shocks Introduction and context
The conflict in the Middle East has created the largest supply disruption in the history of the global oil market. The volume of fuel supply offline now is higher than the supply loss during the oil shock of 1973 that led to the IEA’s creation and any disruption since then. Beyond the direct damage to energy infrastructure in the region, the crisis has led to a near halt in tanker movements through the Strait of Hormuz. Crude and oil product flows through the Strait have fallen from around 20 million barrels per day (mb/d) before the conflict to…
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Jinsun Lim
Former Energy and Environment Policy Analyst. Jinsun Lim leads work on climate resilience and climate change impact assessment of the energy sector. She is responsible for coordinating IEA’s engagement at COP.
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World Energy Outlook 2022 An updated roadmap to Net Zero Emissions by 2050
Introduction In 2021, the IEA published its Net Zero by 2050: A Roadmap for the Global Energy Sector, which sets out a narrow but achievable pathway for the global energy sector to reach net zero emissions by 2050. However, much has changed in the short time since that report was published.The global economy rebounded at record speed in 2021 from the COVID-19 pandemic, with GDP growth reaching 5.9%. As energy intensity improvements stalled, global energy demand increased by 5.4%. Surging energy demand was in part met by increased use of coal, resulting in a 1.9 gigatonnes…
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Ayisha Siddiqa
Youth Climate Advisor to UN Secretary General (US/Pakistan).
