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Global Energy Review 2026 Coal
Global coal demand in 2025 grew moderately, remaining near 2024 levels Global coal demand in 2025 grew modestly above 2024 levels, rising by only 0.4%, an increase of around 30 million tonnes (or 0.7 EJ). This growth, which was in line with IEA estimates, was significantly below the 1.4% increase seen in 2024 and marked the end of the post-Covid rebound, with global coal demand growth slowing each year since 2021.Coal use in power generation diverged from recent trends in several regions around the world. In the United States, strong coal use in the power…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Rare Earth Elements Illustrative mine-to-magnet value chain
Illustrative mine-to-magnet value chain
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Coal Mid-Year Update 2025 Supply
Regardless of mixed regional trends in 2024, coal supply reached an unprecedented level Global coal production reached a record 9.15 Bt in 2024, driven primarily by strong output in China, India and Indonesia. Domestic coal is the largest source of energy supply in both China and India making coal production central to their energy security strategies. After shortages in 2021, both countries boosted production, a push that lasted a few years to reach an all-time high in 2024. China remained the largest producer, maintaining output at 4 666 Mt. Although Shanxi, traditionally the largest coal producing province, reduced production by…
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Pascal Laffont
Chief Legal Counsel. Pascal Laffont took up his duties as Chief Legal Counsel and Secretary to the IEA Governing Board, in June 2012. His previous post was in Doha for the Government of Qatar (2010-2012). Before that, he served in the Energy Charter, Brussels (2001-2010). He started his professional life in legal private practice in London and Hong Kong (1996-2001). He qualified as a lawyer in France and England and is admitted to practise law in England and Hong Kong. Pascal Laffont is a Senior Executive Fellow, Kennedy School of Government, Harvard University.
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Gaining an Edge Energy demand and competitiveness
Energy is at the centre of competitiveness amid high costs, growing demand, and rising trade pressures Energy is a vital input into all productive sectors of the economy. In an environment of fierce global competition and shifting trade patterns, energy costs are a major determinant of long-term investment, jobs and business competitiveness. Finding ways to reduce energy costs while producing more or better products is good for both profitability and overall economic growth. While energy prices are volatile in many countries, recent high prices combined with instability and fragmentation in energy markets have widened energy price gaps between regions…
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World Energy Investment 2025 How we track investment in energy
Tracking energy investment The way investment is measured across the energy spectrum varies, largely because of differences in the availability of data and the nature of expenditures. This document highlights the methodology used to ensure that the estimates are consistent and comparable across sectors in the World Energy Investment 2025 (WEI 2025) report and other publications from the International Energy Agency.The IEA measures investment as the ongoing capital spending on assets. For some sectors, such as power generation, this investment is spread out evenly from the year in which a new plant or upgrade of an existing one takes…
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Global Energy Review 2025 Key findings
Global energy demand grew by 2.2% in 2024 – faster than the average rate over the past decade. Demand for all fuels and technologies expanded in 2024. The increase was led by the power sector as electricity demand surged by 4.3%, well above the 3.2% growth in global GDP, driven by record temperatures, electrification and digitalisation. Renewables accounted for the largest share of the growth in global energy supply (38%), followed by natural gas (28%), coal (15%), oil (11%) and nuclear (8%).Emerging and developing economies accounted for over 80% of global energy demand growth. In China, growth…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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Scaling Up Transition Finance Sectoral insights
Where can transition finance be applied? This chapter provides an analysis of investments that can be supported by transition finance in three important areas – heavy industry, critical minerals and natural gas – building on the preceding assessment of investments and providing illustrative cases and non-exhaustive key performance indicator (KPI) examples to underpin transition strategies.As with the investment amounts highlighted in Chapter 1 that can be supported by transition finance, inclusion here does not automatically render an activity eligible for transition finance, since such eligibility depends on meeting the relevant process requirements. Equally, the absence of an activity from this…
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The Implications of Oil and Gas Field Decline Rates Executive summary
Discussions on the future of oil and gas often overemphasise demand drivers and underappreciate supply drivers Debate over the future of oil and natural gas tends to focus on the outlook for demand, with much less consideration given to how the supply picture could develop. This asymmetry is misplaced and a thorough understanding of the rate at which production from existing oil and gas fields declines over time is more important than ever. The International Energy Agency (IEA) has long examined this issue. Decline rates – the annual rate at which production declines from an existing oil or gas field – underpin…
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Faidon Papadimoulis
Clean Energy and Technology Modeller.
