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Policy and financing momentum sustain CCUS progress despite setbacks
CCUS Projects Database 2026 commentary Efforts to expand carbon capture, utilisation and storage (CCUS) took some important steps forward in 2025. Despite delays and cancellations in some areas, projects reached notable milestones in key markets, while growing financing provided further momentum.CCUS deployment in Europe saw a step-change as the world’s first dedicated carbon dioxide CO2 storage hub began operating in Norway. Major projects were also commissioned in China and North America, and the construction of new facilities began in eight countries worldwide. The newest annual update to the IEA’s CCUS Project Database – which incorporates developments between…
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Global Hydrogen Review 2025 Policies
Highlights Announced public funding for low-emissions hydrogen decreased by nearly two-thirds compared to the Global Hydrogen Review 2024 (GHR-24), to a cumulative USD 38 billion, but a larger share of funds is now making its way to specific projects. Several programmes in the European Union, India, Japan and United Kingdom have progressed to the second phase or beyond, with new calls building on learning from the first phase.Almost 90% of the public funding comes from advanced economies; other policy instruments like land allocation, tax incentives and reduced administrative procedures remain more common among emerging markets. The supply side still receives…
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Global Hydrogen Review 2025 Production highlights
…short time remaining for those projects to materialise.Low-emissions hydrogen production will remain more costly than unabated fossil-based production in the near term, with cost projections for electrolysers being less optimistic than in previous years due to the limited deployment achieved to date. However, this cost gap is still expected to narrow by 2030, with China reaching cost competitiveness thanks to low technology costs and a low cost of capital, and other regions reducing the cost gap significantly due to the combination of high cost of imported natural gas, good renewable resources and policy action in the form…
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COP28: Tracking the Energy Outcomes
…Agreement target of limiting global warming to 1.5 °C. For the first time, governments explicitly recognised that to achieve this target, energy-related emissions need to reach net zero by 2050, and they set key goals to help meet this objective – including tripling global renewable energy capacity and doubling global energy efficiency improvements by 2030, and deploying emerging technologies, such as low-emissions hydrogen and carbon capture.The IEA, in collaboration with the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, is tracking progress towards the energy objectives established at COP28. This forms part of our broader work…
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Global Hydrogen Review 2026 Policy
…2026, transposition of the EU Renewable Energy Directive into national legislation had been finalised in 13 member states for the transport sector, creating demand for more than 575 ktpa of low-emissions hydrogen.China announced a city clusters programme with a total funding of USD 1.1 billion, aiming to diversify hydrogen uses beyond cars and introducing targets for an end-use hydrogen price of USD 3.6/kg, striving for USD 2.2/kg and 100 000 FCEVs by 2030.Japan had selected six winners of its contracts for difference scheme as of late May 2026, adding up to nearly 130 kt of low-emissions hydrogen…
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World Energy Investment 2025 Japan and Korea
…co‑operation, will play a critical role in meeting the growth in electricity demand.In the next decade, promoting renewable power will be crucial for securing energy supplies and increasing domestic energy supply to alleviate pressure on the trade balance. In recent years sustainable bonds for nuclear-related investment have emerged, and government involvement will be essential for large-scale investments.Furthermore, Japan and Korea will continue prioritising long-term liquified natural gas (LNG) contracts to mitigate short-term price volatility, while accelerating emissions reductions through proper planning and investing in clean energy. Given the similarities in their energy mix, co…
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How governments can best support consumers during this energy crisis
…fuel when supply is tight sends the wrong market signal, weakening incentives to reduce energy use and improve efficiency in the context of the current supply-demand gap. Second, much of the financial support does not reach those who need it most: low-income households struggling to pay their energy bills. Because higher-income households tend to spend more on energy in absolute terms, broad-based price reductions often deliver greater financial gains to higher-income groups. For example, a recent study in the Netherlands estimates that around 70% of the total value of a broadly applied reduction in fuel…
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Businesses see competitive value of energy efficiency, but smaller firms struggle to access solutions
…This was particularly evident in responses from mining companies in India and Indonesia, where reliance on relatively expensive off-grid diesel electricity generation makes reducing energy intensity especially valuable.When businesses were asked how they would respond to higher energy costs, energy efficiency also emerged as the leading strategic response. Almost 40% of industry leaders ranked energy efficiency as the single most important measure they pursued to offset energy price increases, followed closely by investment in on-site renewables. Yet, as the survey indicated, intentions on energy efficiency do not always translate into action. In response to energy price fluctuations…
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International collaboration continues to power innovation in energy technologies
…development and commercialisation of energy technologies – and to bring valuable knowledge to policymakers worldwide. Over the past five decades, some 80 TCPs have been created, and today there are 38 active groups covering nearly every aspect of the energy ecosystem – from renewables and smart grids to hydrogen, carbon capture, fossil energy and next-generation fuels.The TCPs currently involve thousands of experts from approximately 300 public and private organisations across around 60 countries. This includes representatives of non-IEA Member countries. Many of the original initiatives remain active today, continuously evolving to meet emerging technological breakthroughs and global energy challenges…
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Investment
…energy this year is set to be twice the amount going to fossil fuels Key findings Global energy investment set to hit record in 2025 despite headwinds Total energy investment worldwide is poised to grow by 2% in 2025 to $3.3 trillion, reaching an all-time high despite elevated geopolitical tensions and economic uncertainty. Around two-thirds of all energy investment, or $2.2 trillion, is destined for clean energy technologies such as renewable energy, grids, battery storage and electric vehicles. Meanwhile, investment in fossil fuels is expected to marginally contract to $1.1 trillion amid downward pressure on…