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Scaling Up Transition Finance Financial institutions and transition finance
A complementary source of finance for transitions Transition finance rests on a practical partnership between corporates and financiers. Successful transitions need finance that goes where the emissions are; this means moving beyond the top performers and working with corporates with material environmental footprints that commit to transition strategies. A common alternative strategy, in which financial institutions simply shift emissions off their balance sheets, creates “financial carbon leakage” and does not reduce real-economy emissions.An IEA survey of financial institutions revealed that differences in regional taxonomies and frameworks pose challenges for cross-border financing. At the same time, it highlighted…
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Energy Efficiency 2024 Does a heat pump work in a house with poor insulation?
Even with poor insulation, heat pumps still save energy As well as reducing CO2 emissions, a heat pump can use three to five times less energy than an efficient gas boiler. However, an often-heard argument when considering replacing a gas boiler is that the house needs to be well-insulated for the heat pump to work. Heat pumps do work best in a well-insulated house because their heat output is at a lower temperature than a traditional boiler, and they perform best when providing a consistent heat output with minimal heat losses. If a house loses a lot…
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Indicators Handbook for Just and Inclusive Energy Transitions Purpose and Development of the Handbook
A flexible contextual approach The Indicators Handbook complements the Blueprint for Action as a flexible, pragmatic and evidence-based resource to provide guidance on tracking the implementation of the G20 Principles for Just and Inclusive Transitions.Each chapter corresponds to one of the G20 principles. For each principle, the Handbook presents emerging practices and approaches from several country case studies, illustrating both indicators and methodologies for tracking progress, monitoring effectiveness and designing better policies. Each chapter also includes lessons learned from international experience and key considerations relevant to measuring the specific issues associated with the principle.The indicators proposed for…
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Financing Clean Energy in Africa Mobilising capital for a sustainable future
Summary To mobilise the over USD 200 billion needed annually by 2030 under the Sustainable Africa Scenario (SAS), the full range of capital sources need to be deployed. Increasing concessional funding while simultaneously mobilising more private capital must be a priority; in parallel, strengthening domestic financial systems is vital to create sustainable long-term financing options.Despite their importance, the amount of concessional funds is not increasing in Africa. They are also failing to target some of the riskiest areas where they are most necessary, such as early-stage project financing, new technologies, and fragile or conflict-prone countries. It is urgent…
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Kristina Klimovich
Programme Officer - Energy Efficiency Hub.
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Alexandre Bizeul
Statistics Team Lead.
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Timur Gül
Chief Energy Technology Officer. Timur Gül, a German national, was appointed Chief Energy Technology Officer of the International Energy Agency (IEA) in October 2023. In this capacity, he oversees IEA analysis of innovative new and emerging clean energy technologies and their supply chains across a range of sectors. Mr. Gül is also Head of the Energy Technology Policy Division, with responsibility for the IEA’s flagship technology publication Energy Technology Perspectives, the IEA Energy Innovation Forum, the IEA’s Technology and Innovation Advisory Board as well as the IEA’s Technology Collaboration network.Having joined the IEA in 2009, Mr. Gül previously was a lead author of the IEA’s World Energy Outlook (WEO). Prior to his time at the IEA, he was a researcher at Paul Scherrer Institute in Switzerland.Timur Gül holds a PhD from the Swiss Federal Institutes of Technology (ETH) Zurich in Switzerland. He also holds a Master degree in Environmental Engineering from the Royal Institute...
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Wataru Matsumura
Former Senior World Energy Outlook Analyst.
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Growth in global demand for natural gas is set to accelerate in 2026 as LNG wave spreads through markets
…also strengthened links between regional markets, with price correlations reaching new highs.At the same time, geopolitical and policy shifts continued, with implications for international gas flows. Notable developments included the introduction of further market reforms across Asia and a landmark decision by the European Union to phase out Russian natural gas imports by November 2027 at the latest. Natural gas prices displayed strong volatility across Asia, Europe and North America in January 2026 amid adverse weather effects and geopolitical tensions.Investment momentum in global LNG supply remained strong in 2025, according to the report, with more than 90 billion…
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Indicators Handbook for Just and Inclusive Energy Transitions Key findings from workshops on challenges and opportunities for tracking progress on just and inclusive energy transitions
Several challenges and opportunities emerged from the seven workshops. These include: Data improvements and digital opportunities Improving the availability of disaggregated data offers new ways to monitor key just transition dimensions.Clean energy programmes and policies can affect groups differently. Indicators tracking their just and inclusive dimensions, therefore, require disaggregated data that allow for intersectional analysis of key socio-economic factors such as gender, age, disability, household tenure, migration status or rural-urban divides. While the availability of disaggregated data remains a fundamental challenge for tracking just transitions across the world, improving it also represents a major opportunity for policymakers…