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Investment
This initiative includes a dashboard that offers free data on financing costs for clean energy projects, tools and analysis to help governments identify and address investment risks, and case studies showcasing successful strategies for mobilising capital. This initiative includes a dashboard that offers free data on financing costs for clean energy projects, tools and analysis to help governments identify and address investment risks, and case studies showcasing successful strategies for mobilising capital. Globally, energy investment by governments, households and businesses is expected to reach a new high of $3.3 trillion in 2025. How this spending is allocated has major…
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Global Methane Tracker 2025 Key findings
Energy-related methane emissions have still not reached a definitive peak The fossil fuel sector is responsible for nearly one-third of methane emissions from human activity today. Record production of oil, gas and coal, combined with limited mitigation efforts, has kept emissions above 120 million tonnes (Mt) annually. Abandoned wells and mines – included in this year’s Global Methane Tracker for the first time – contributed around 8 Mt to these emissions in 2024. Bioenergy production and consumption results in a further 20 Mt of methane, largely from the incomplete combustion of traditional biomass used in cooking and heating in developing economies…
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World Energy Investment 2025 Africa
Africa is faced with new challenges and opportunities as the composition and source of investment flows in the continent shift Africa is characterised by strong regional imbalances. South Africa and North Africa account for less than 20% of the population but more than 45% of energy investment and over 65% of installed electrical capacity. By contrast, Sub-Saharan Africa, home to most of the region’s population, receives less energy investment and has limited access to reliable electricity. New connection rates have steadily increased since 2000 but remain well below the universal access target set for 2030, with 600 million…
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China’s Official Energy Finance in Emerging and Developing Economies Case 5. Silk Road fund commitment in African Infrastructure Investment Fund IV
Project overview and impact Africa’s energy sector faces a persistent investment shortfall, with annual clean energy spending needing to grow more than six times by 2035 to achieve net zero emissions by 2050. Equity funds have become an important channel for mobilising capital into markets where project-level financing remains constrained by high costs of capital, currency risk and a shortage of scalable, investable project structures. Against this backdrop, the Silk Road Fund (SRF) committed USD 50 million to the African Infrastructure Investment Fund IV (AIIF4) in 2023. The AIIF4 is a pan-African infrastructure fund managed by African…
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Copper prices have hit record highs, but smelters face mounting strategic pressures
copper Copper markets enter uncharted territory as structural and short-term pressures converge Copper prices have surged to record highs this year, briefly exceeding USD 14 500 per tonne (intraday) in January 2026, having only passed USD 12 000 per tonne for the first time in December 2025. The unprecedented price levels have been driven by some important short-term developments, including supply disruptions at several major mines and a build-up of US copper inventories due to tariff uncertainty. But they have also been underpinned by some underlying factors, such as challenges in developing new copper mines and the…
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Gas Market Lessons from the 2022-2023 Energy Crisis Introduction
Over the course of 2022 and 2023, the largest natural gas supply shock in history unfolded, developing from seemingly regional dynamics into a global shockwave in gas and wider energy markets. The crisis has yet to be entirely resolved in the 3 years that have since passed. However, the post-crisis gas market paradigm has started to emerge, making it possible to draw lessons from the most acute phase of the crisis that can be transposed from one region or market to another, or that can be achieved through collective action across the wider gas market. While gas dependency can…
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World Energy Outlook 2025 Net Zero Emissions by 2050
Acting now to limit overshoot The Paris Agreement set the global goal of limiting warming to well below 2 °C and pursuing efforts to limit it to 1.5 °C. The IEA Net Zero Emissions by 2050 Scenario (NZE Scenario) translates the 1.5 °C goal into a global pathway for the energy sector. The updated NZE Scenario presented here takes account of the most recent data and trends. Each country will tailor its own path to net zero emissions. The updated NZE Scenario is based on four central pillars that are widely applicable: clean energy electrification, energy efficiency, low-emissions fuels and methane abatement. The…
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Gas Market Report, Q1-2026 Executive summary
The unfolding LNG wave is expected to drive stronger gas demand growth in 2026 2025 was a transitional year for natural gas markets. While supply fundamentals remained tight in the first half of the year, strong LNG production growth gradually eased market conditions starting from July. Following a relatively strong increase in 2024, global gas demand growth slowed markedly in 2025 due to a combination of weaker industrial activity and relatively high spot LNG prices in the first half of the year. Market opening reforms continued to gather pace in Asia while the European Union reached a historic decision to…
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Financing the Modernisation of Power Systems Beyond Coal Executive summary
The role of coal in power systems is evolving This report assesses the potential applications, limitations and relevance of transition credits in Southeast Asia. Coal is the largest source of power generation worldwide and the largest source of energy-related carbon dioxide emissions. All Southeast Asian countries with coal in their power generation mix have adopted commitments to reduce coal-fired generation or emissions targets that imply a significant decline in coal consumption in the coming decades. To meet these targets, the International Energy Agency (IEA) has long emphasised that a range of strategies can be deployed to reduce coal…
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Gas Market Lessons from the 2022-2023 Energy Crisis Impact analysis of the two largest LNG import regions
Europe BackgroundNatural gas is a central element in Europe’s energy landscape, accounting for about one-quarter of primary energy supply and playing a role across virtually all demand sectors. In the run-up to the crisis, the European continent could count on a multitude of gas supply sources: domestic production, pipeline imports and LNG imports. This diversity of sources fostered gas-on-gas competition and a growing reliance on spot-traded supply, notably in LNG. From 2015 to 2021, the share of short-term and spot-traded LNG imports grew from 10% to about 40% – a share that kept…