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Davis Chirchir
Minister of Energy and Petroleum.
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Fareed Yasseen
Former Special Climate Envoy, Iraq.
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Global Hydrogen Review 2025 Investment and innovation
Highlights Capital spending on low-emissions hydrogen projects reached USD 4.3 billion in 2024, an 80% increase from 2023. Based on recent final investment decisions (FIDs), spending could rise by more than 80% in 2025 to nearly USD 8 billion.In 2024, capital spending was almost evenly split between electrolysis and carbon capture, utilisation and storage (CCUS)-equipped hydrogen production. In 2025, electrolysis is expected to account for 80% of spending but only 56% of production from projects under construction, given its higher capital intensity.Investment in electrolysis-based projects is highest in China and Europe, while the United States allocates a larger share…
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Ali Allawi
Deputy Prime Minister & Minister of Finance - Republic of Iraq.
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Renewables 2025 Renewable heat
Heat accounted for almost half of total final energy consumption and 37% of energy-related CO2 emissions in 2024 Annual heat consumption expanded by 6% globally over 2018-2024. Renewable energy, excluding traditional uses of biomass, met only half of this increase, with its share in global heat consumption rising to 14% in 2024. Nearly 80% of global growth in renewable heat use was in the form of bioenergy (especially in industry) and renewable electricity (mainly in buildings).Industry sector renewable heat use grew the most in China over the last six years, driven by the expansion of industries such…
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Czechia 2025 Executive summary
The Czech Republic (Czechia) aims to phase out coal at an almost unprecedented pace. The IEA commends Czechia for such an ambitious phase-out. Coal is a major fuel source in Czechia, currently providing more than one-third of Czechia’s electricity and half of its district heating. Coal-fired plants are slated for retirement by 2033, but economic drivers may close them earlier. This would be an extraordinary transformation of Czechia’s energy system. The transition from its fossil fuel legacy can be a springboard to building a vibrant clean energy economy. But it is not without challenges, such…
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Global Hydrogen Review 2026 Trade and infrastructure
Trade remains a key driver of low-emissions hydrogen projects, and would underpin over 40% of announced volumes by 2030 if all projects materialise. Less than 8% of this, around 1 Mtpa H₂-eq (hydrogen equivalent), comes from projects that are operational, in construction, or have committed investments, compared with around 16% across the overall project pipeline.First shipments of low-emissions hydrogen are taking place, enabling trials of logistics and certification approaches. Long-term bilateral contracts dominate, particularly for ammonia and ammonia-derived fertilisers, while hot briquetted iron (HBI) is gaining prominence.Announced hydrogen pipeline projects, including new and repurposed natural…
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Dynta Trishana Munardy
Senior Officer of APAEC Department, ASEAN Centre for Energy.
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Zingiswa Losi
President.
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What Next for the Global Car Industry Pathways to global EV cost-competitiveness
Highlights The gap in competitiveness in electric car manufacturing between new market-entrants located in China and incumbents in other countries has grown in the past 5 years. Battery electric car production costs are over 30% lower in China than in advanced economies, and around a third of the difference can be attributed to the battery. However, a similar production cost gap exists for conventional cars. Battery cell prices are, on average, over 30% lower in China than in Europe and over 20% lower than in the United States. Reducing the manufacturing cost gap is possible – half is due to efficiency…
