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Contributor
Luca Lo Re
International Climate and Energy Analyst. Luca Lo Re leads the IEA work in the OECD/IEA Climate Change Expert Group. With OECD colleagues, he produces papers to enhance the understanding of technical issues in international climate change negotiations and Paris Agreement implementation. In particular, his works focuses on international carbon markets (Art. 6 of the Paris Agreement). He also leads the organisation of the annual IEA-IETA-EPRI GHG Emissions Trading Workshop, and supports various works of the Agency related to Net Zero.
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Flagship report
Apr 2026
Global Energy Review 2026 Electricity demand
Electricity demand grew more than twice as fast as overall energy demand Global electricity demand grew year-on-year by around 3% in 2025, easing from 4.4% in 2024, when intense heat waves boosted electricity consumption. Nevertheless, the 2025 growth rate remained above the 2.8% annual average observed between 2014 and 2024 and was also well over twice the rate of overall global energy demand growth in 2025 (1.3%). Demand growth was well above long-term average rates in advanced economies, but slowed in Asian economies In 2025, emerging market and developing economies accounted for 80% of…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Flagship report
May 2025
Global EV Outlook 2025 Electric vehicle batteries
Trends in battery demand Global battery demand for the energy sector hit the 1 TWh milestone in 2024 Electric cars remain the main driver of battery demand, but demand for trucks nearly doubledBattery demand in the energy sector, for both EV batteries and storage applications, reached the historical milestone of 1 TWh in 2024. Demand for one average week alone in 2024 exceeded the total demand for an entire year just a decade earlier. Demand was largely driven by growth in EV sales, as demand for EV batteries grew to over 950 GWh – 25% more than in 2023. Electric cars remain the…
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Fuel report
Jul 2025
Coal Mid-Year Update 2025 Overview
Global coal demand grew by 1.5% in 2024, reaching an all-time high Global coal demand rose by 1.5% in 2024 to reach 8.79 billion tonnes (Bt), a new record. The growth was the slowest annual rate since the Covid-19 crisis in 2020 caused coal demand to decline. The post-Covid economic recovery and high natural gas prices have driven a sharp rise in global coal demand in recent years, but the growth has slowed year-on-year since 2021. Coal demand grew by 7.7% in 2021, 4.4% in 2022 and 2.3% in…
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Flagship report
Nov 2025
World Energy Outlook 2025 Implications of CPS and STEPS
Between continuity and change By 2035, energy demand in the Current Policies Scenario (CPS) is around 35 exajoules (EJ) higher than in the Stated Policies Scenario (STEPS), a difference roughly equivalent to the current annual energy demand of the Middle East. All the extra energy required in the CPS compared to the STEPS comes from oil, natural gas and coal. In the absence of renewed geopolitical disruptions, markets for oil and natural gas appear well supplied in the coming years. But production from existing oil fields declines at a rate of 8% per year, if no investment is made, so it…
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Fuel report
Dec 2025
Coal 2025 Executive summary
Global coal demand in 2025 is set to remain close to 2024 levels amid unusual regional trends Key factors such as weather, fuel prices and policy decisions all shaped global coal consumption in 2025, driving changes in demand that often ran counter to recent country or regional trends.In India – one of the traditional engines of coal demand growth – an early and strong monsoon season depressed electricity demand and boosted hydropower output. As a result, the country’s annual coal power generation is set to decline year-on-year for only the third time in the past five decades. In…
- Executive summary
- Demand
- Supply
- Trade
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+ 2 pages