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The Middle East and Global Energy Markets
The IEA is responding to the energy market impacts of the conflict in the Middle East and continues to closely monitor the latest developments.The disruption to oil and gas flows through the Strait of Hormuz and attacks on energy infrastructure across the region have major implications for energy security and affordability – and for the world economy. The IEA's Executive Director has said the combined impacts amount to "the greatest threat to global energy security in history." The war in the region that began on 28 February has impeded energy trade flows through the Strait, creating the largest supply disruption in…
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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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World Energy Outlook 2025 Setting the scene
Context and scenario design All sources of energy increased in 2024 to meet the world’s rising energy needs. Electricity use expanded rapidly across a range of sectors. Deployment of renewable power generation again broke records in 2024, meeting more than 70% of the increase in electricity demand. Consumption of each of the fossil fuels rose. Global energy-related carbon dioxide (CO2) emissions reached another all-time high. The energy sector faces many uncertainties. The global economy is projected to grow at an average rate of 3% in the 2024-2030 period, but changes in the global policy environment and…
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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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Jürgen Trittin
Member of the Bundestag and Former Federal Minister for the Environment, Nature Conservation and Nuclear Safety. Jürgen Trittin has been a member of the Committee on Foreign Affairs in the German parliament since 2014 and is also a deputy member of the Committee on Economic Affairs and Energy. He previously served as Federal Minister for the Environment, Nature Conservation and Nuclear Safety.
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Demand and Supply Measures for the Steel and Cement Transition Executive summary
The seeds for producing and using near-zero emissions materials have been planted, but acceleration is needed The industry sector requires a massive scale-up of markets for transformative near-zero emissions materials to contribute to the achievement of internationally-agreed government objectives for net zero emissions. Such scale-up requires the production and use of these materials to grow from essentially zero today to capture nearly the entire market within the next few decades, shifting away from high-emissions conventional production and demand. The steel and cement sectors account for 14% of global energy and process-related emissions on…
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Financing CCUS at Scale Executive summary
The current wave of investment in carbon capture, utilisation and storage (CCUS) is larger and more geographically diverse than ever before. Momentum in private capital flowing into projects is reflected in the more than 30 final investment decisions (FIDs) that have been reached in the past 2 years alone, particularly in Europe and North America, and in key sectors including transport and storage, industry, and power. Investment has grown more than 15-fold since 2020, reaching over USD 5 billion in 2025. The pipeline of projects currently under construction suggests that after years of incremental capacity additions, operational capture capacity is set…
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Global Critical Minerals Outlook 2025 Beyond NMC batteries: Supply chain issues for emerging battery technologies
The LFP battery supply chains are significantly more concentrated than those for nickel-based batteries Lithium iron phosphate (LFP) batteries now supply almost half the global electric car market up from less than 10% in 2020, at the expense of the previously dominant nickel-based NMC lithium-ion batteries, due to improved performance and lower costs. This remarkable battery chemistry shift is leading to new battery critical mineral supply chains coming into focus beyond nickel and cobalt. Simultaneously, there is also the emergence of manganese-rich lithium-ion cathodes, sodium-ion batteries, as well as the anticipated impact of solid…
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Renewables for Industry Executive summary
Electrification of heat can improve efficiency, help diversify industrial energy, and enhance energy security A broad range of industries that depend primarily on low-temperature heat and steam processes represent roughly 70% of global industrial energy consumption. They span diverse manufacturing activities – from food and beverages to textiles, chemicals, transport equipment, wood products and paper. In 2023, these sectors emitted nearly 3 Gt of direct energy-related CO₂, accounting for half of all direct industrial emissions, although emissions have declined by around 8% since 2013.Industrial energy use is largely in the form of heat and is increasingly being supplied…
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Dymphna van der Lans
Chief Executive Officer, Clean Cooking Alliance. Dymphna van der Lans is the Chief Executive Officer of the Clean Cooking Alliance (CCA). Dymphna brings more than 25 years of experience managing and leading global development, energy, and climate initiatives in the nonprofit and private sectors. Most recently, she led international corporate engagement with the World Wildlife Fund’s Climate & Energy team. Previously, she worked with the Clinton Foundation as CEO of the Clinton Climate Initiative and has served as the senior director for public policy programs at the German Marshall Fund of the United States. Dymphna has also served as the director of global renewables, infrastructure, and energy efficiency at a specialist investment banking firm in London, and for seven years at BP, where her last appointment was as BP Alternative Energy’s director of distributed energy markets.
