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Energy Technology Perspectives 2026 Executive summary
Despite headwinds, the markets for clean energy technologies and fuels are expanding rapidly Deployment of many clean energy technologies, fuels and materials has been growing fast, but shifting policies, economic conditions and technological progress are creating uncertainty about their prospects and economic potential. Against this backdrop, the IEA’s flagship technology publication Energy Technology Perspectives (ETP) aims to separate the signal from the noise, by providing timely data, scenarios and analysis across deployment, manufacturing, trade, competitiveness and security. At a time when misjudging the moment risks wasting capital or stalling momentum, this report has been designed to help decision makers…
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World Energy Investment 2025 Executive summary
Despite elevated geopolitical tensions and economic uncertainty, this tenth edition of the IEA’s World Energy Investment shows that capital flows to the energy sector are set to rise in 2025 to USD 3.3 trillion, a 2% rise in real terms on 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…
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Alexander De Croo
Prime Minister. Alexander De Croo is Prime Minister of Belgium and former Finance Minister.
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Pablo Hevia-Koch
Head of Renewable Integration and Secure Electricity. Pablo Hevia-Koch is the Head of Renewable Integration and Secure Electricity at the International Energy Agency (IEA). In this role, he oversees work on integration of renewables in power systems, electricity security, power grids, and electricity market design, focused on both emerging and established economies. An electrical engineer by training, he holds a Ph.D. in Energy Economics from the Technical University of Denmark.
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Gas Market Lessons from the 2022-2023 Energy Crisis Introduction
Over the course of 2022 and 2023, the largest natural gas supply shock in history unfolded, developing from seemingly regional dynamics into a global shockwave in gas and wider energy markets. The crisis has yet to be entirely resolved in the 3 years that have since passed. However, the post-crisis gas market paradigm has started to emerge, making it possible to draw lessons from the most acute phase of the crisis that can be transposed from one region or market to another, or that can be achieved through collective action across the wider gas market. While gas dependency can…
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Global Energy Review 2025 Oil
Oil demand growth loses momentum Growth in global oil demand slowed markedly in 2024, with consumption rising by 0.8% (1.5 EJ or 830 kb/d) to 193 EJ after jumping by 1.9% in 2023. This reflected the end of the post-pandemic mobility rebound, slower industrial growth and the increasing impact of electric vehicles. This 0.8% increase in demand – below the pre-pandemic growth rate of over 1% in the decade to 2019 – was closely in line with the IEA’s first forecast for 2024 set out in June 2023, which noted that structural macroeconomic trends would…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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China’s Official Energy Finance in Emerging and Developing Economies Dashboard
Overview The dashboard provides an interactive view of 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…
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Renewables 2021 Renewable heat
Recent trends Global progress on conversion to renewable heat has been limited Heat is the world’s largest energy end use, accounting for almost half of global final energy consumption in 2021, significantly more than electricity (20%) and transport (30%). Industrial processes are responsible for 51% of the energy consumed for heat, while another 46% is consumed in buildings for space and water heating, and, to a lesser extent, cooking. The remainder is used in agriculture, primarily for greenhouse heating. Global heat demand declined by 2% in 2020, primarily due to the curtailment of economic activity as a result of…
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World Energy Outlook 2022 Outlook for gaseous fuels
Global demand for natural gas held up better than demand for other fossil fuels during the first year of the Covid-19 pandemic, and then increased by 5% in 2021, double its average growth rate over the past decade. A dearth of new projects, weather-related increases in demand, LNG outages and reduced Russian exports tightened the global gas supply balance from mid-2021 and put upward pressure on prices, especially in Europe where the Title Transfer Facility (TTF) benchmark rose from less than USD 10 per million British thermal units (MBtu) in the first-half of 2021 to over 30 USD…
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Arnaud Rouget
Former Africa Programme Manager.
