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Energy Efficiency 2024 How can energy efficiency alleviate rising heatwave-driven electricity demand?
Another year of high temperatures leads to new electricity demand records and power outages Global temperatures have reached new heights in recent years. 2023 was the warmest year on record, and 2024 is on track to beat it. The frequency and intensity of heatwaves are increasing, causing extreme temperatures of up to 50ºC in some regions, with multiple national temperature records broken during 2024. Ensuring that cooling needs are met is of primary importance. The extreme temperatures are driving strong demand for much-needed cooling technologies such as air conditioners. However, these are also pushing up electricity use to record…
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Breakthrough Agenda Report 2025 Building
State of the transition Emissions Sectorial CO2 emissions trends have been fairly stable since 2018.Efficiency gains in buildings are improving energy use, but rising ownership of appliances and extreme weather increasingly offset these benefits.Emissions intensity of steel and cement is largely the same as 2020, while global construction activity has slowed in recent years. Cost Investment in building energy efficiency has risen over the past decade, but growth is now stalling, while spending on electrification grows steadily.High-efficiency building envelopes often entail higher upfront costs, constraining uptake in markets without dedicated financial support mechanisms.Strengthening the business…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Masakazu Toyoda
Chairman and Chief Executive Officer, Institute of Energy Economics. Masakazu Toyoda has led the Institute of Energy Economics in Japan since July 2010. He is also a board member of several global organisations and companies. Prior to joining the IEEJ, he held prominent government positions in Japan, including Vice Minister for International Affairs at the Ministry of Economy, Trade and Industry.
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North Macedonia
North Macedonia
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
![North Macedonia Flag]()
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Korea 2025 Executive summary
The energy crises resulting from the global Covid-19 pandemic and the Russian Federation’s invasion of Ukraine propelled carbon neutrality and energy security to the forefront of Korea’s energy policy. Despite robust growth in gross domestic product (GDP), Korea has managed to stabilise and reduce its greenhouse gas (GHG) emissions in recent years following a peak around 2018. Nonetheless, it faces challenges in fully decoupling emissions from economic growth. Notable among these challenges is the continued reliance on coal and the need for further expanding renewable energy technologies.Addressing Korea’s challenges will require sustained policy efforts, domestic…
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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
Project overview and impact Latin America’s power systems face a growing need to modernise their electricity networks as clean energy deployment accelerates. While the region has seen a 25% increase in clean energy investment since 2015, grid spending has not kept pace, with less than USD 0.5 invested in networks and storage for every dollar spent on new generation. Strengthening distribution systems, especially in rapidly expanding urban areas, is essential to integrate more renewables. Peru is no exception. Although its electricity demand has grown steadily, network modernisation has lagged behind regional leaders, and the expansion of renewable capacity…
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Martin Kueppers
Former Energy Modeller.
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Fatih Birol
Executive Director. As Executive Director of the International Energy Agency, Dr Fatih Birol (@fbirol) has positioned the IEA at the forefront of global efforts to advance a secure, affordable and sustainable energy system. Since taking office in 2015, he has modernised the Agency by broadening its energy security mandate beyond oil to include electricity, natural gas, renewables and critical minerals, strengthened the Agency's global leadership in clean energy transitions and expanded IEA membership to include major emerging countries. As a result, the IEA’s share of global energy demand coverage has increased from 40% to over 80%. He has also played a central role in the global response to major energy security emergencies, including those triggered by the invasion of Ukraine in 2022 and the 2026 Strait of Hormuz crisis.Dr Birol joined the IEA in 1995 and steadily rose through the ranks from junior analyst to Chief Economist, where he oversaw the flagship World Energy Outlook. Throug...
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Ban on import of internal combustion engine vehicles
In January 2024 the Government of Ethiopia prohibited the import of gasoline and diesel vehicles as part of its strategy to promote electric mobility and reduce fuel imports.
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Israel's Energy Sector Rescue Plan - ICE Import Ban
Israel's Energy Sector Rescue Plan aims to phase out the import of gasoline and diesel oil powered land transport vehicles by 2030. The vehicles will be replaced by electric vehicles or vehicles powered by compressed natural gas (CNG).
