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Global Energy Review 2025 Oil
…As a result, while global oil consumption in 2024 recovered to 1.3% above 2019 levels, this was almost entirely due to higher demand for petrochemical feedstocks, which climbed by over 12% over the previous five years. This growth is highly concentrated in China, where feedstock use rose by more than the total net increase in world oil demand. Feedstock demand growth has remained strong – principally due to the absence of efficiency improvements or widespread substitution impacting plastic production or demand.Non-feedstock uses of oil remain dominated by transport applications in road, aviation and shipping. In 2024, these non…
- Key findings
- Global trends
- Oil
- Natural gas
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World Energy Investment 2025 Executive summary
…2024. Around USD 2.2 trillion is going collectively to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, twice as much as the USD 1.1 trillion going to oil, natural gas and coal. Open questions about the economic and trade outlook means that some investors are adopting a wait-and-see approach to new project approvals, but we have yet to see significant implications for spending on existing projects. Rapid growth in spending on energy transitions over the past five years was kicked off by post-pandemic recovery packages and then sustained by a variety of economic, technology, industrial and energy…
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World Energy Outlook 2025 Executive summary
…lean towards renewables and efficiency as solutions. Others focus more on ensuring ample supplies of traditional fuels.There are fractures in the international system and uncertainties over the outlook for trade, but energy trade is more important than ever. Abundant supplies of oil, solar panels, batteries and, before long, liquefied natural gas (LNG) create strong incentives for producers to seek out international markets.There is less momentum than before behind national and international efforts to reduce emissions, yet climate risks are rising. 2024 was the hottest year on record and the first in which global temperatures exceeded 1.5 degrees…
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China’s Official Energy Finance in Emerging and Developing Economies Dashboard
…Chinese official-sector financing for energy across EMDE, enabling users to explore project-level data by year, recipient country or region, technology, instrument, provider type and currency (when applicable). Developed to bring greater understanding of China’s diverse financing channels, the dashboard allows users to filter and compare flows in either USD (2024, MER) or by project count. It is designed to complement the analysis in this report and to support deeper understanding of how different institutions and instruments shape China’s role in EMDE energy finance.Use the filters to explore how Chinese energy finance is distributed around the…
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Sustainable Transport for Georgia: A Roadmap Sustainable transport roadmap
…efficient systems offers significant environmental, social and industrial benefits. Heavy reliance on imported fossil fuels creates fuel price volatility, slows growth and raises geopolitical risks. Transport electrification and efficiency can substantially enhance energy security and resilience.This roadmap describes how Georgia can seize strategic opportunities from transport sector transformation. Doing so can bring health, mobility and job benefits while aligning Georgia with Paris Agreement commitments. Policy makers are working with corporate partners and supporting priorities set out in earlier plans, as shown by already completed or underway in the National Energy and Climate Plan (NECP) and the 2024-2025 Climate…
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China’s Official Energy Finance in Emerging and Developing Economies Case 2. Southern power grid’s acquisition of Enel Peru distribution assets
…grid evolution and clean energy transition.Operational improvements have already been visible. According to Peru’s energy regulator, Osinergmin, in 2024 Pluz Energía Perú became the most reliable distribution company in the country, with the lowest system-average interruption duration and frequency. By applying CSGI’s reliability management systems, the company has improved fault-response efficiency by 40% and significantly reduced the duration and frequency of outages. These early results demonstrate how the transfer of operational know-how – not only capital – can accelerate system upgrades, improve service quality and support the integration of more clean energy into Peru’s power…
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The Value of Demand Flexibility Executive summary
…benefits are increasingly important as energy systems evolve. Three trends are driving the need for increased demand flexibility:Rising electricity consumption and changing patterns are creating new peaks and straining power systems. Global electricity demand increased by more than 4% in 2024 and is set to continue rising as economies grow and sectors electrify. Peak demand is outpacing average demand in many regions. In Korea, for example, it has grown six times faster over the past decade, widening the gap between peak and off-peak periods. This trend increases grid stress and reduces system efficiency by driving up losses during…
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Global EV Outlook 2026 Electric vehicle batteries
…the United States, average battery sizes for both battery electric and plug-in hybrid electric cars grew at a similar pace of around 5%, reaching 90 kWh for battery electric cars and less than 20 kWh for plug-in hybrid electric cars. Battery industry trends Battery prices continued to decrease, albeit unevenly Average battery prices declined by 8% in 2025, supported by continued improvements in manufacturing efficiency, advances and shifts in battery chemistries and technology, and intensifying global market competition. Relatively low critical mineral prices also contributed to downward cost pressure, although lithium and cobalt experienced notable price increases over the year. The…
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Electricity 2026 Demand
…a long period of stagnation Electricity demand in advanced economies is on an upward trajectory again after a 15-year period of stagnation. Flat or declining demand in many advanced economies reflected efficiency improvements across end-use sectors and industrial restructuring. Advanced economies saw overall electricity demand relatively static in 2015-2020 and their share of global growth rising only to 10% in 2020-2025. The shift to growth became apparent in 2025, when advanced economies accounted for almost 20% of additional global demand, up from 17% in 2024. We expect this share to remain close to 20% through 2030…
- Executive summary
- Demand
- Supply
- Grids
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Multiple Benefits of Energy Efficiency
As energy efficiency continues to gain attention as a key resource for economic and social development across all economies, understanding its real value is increasingly important. The multiple benefits approach seeks to expand the perspective of energy efficiency beyond the traditional measure of energy savings by identifying and measuring its impacts in full bloom.
