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Southeast Asia Energy Outlook 2026 Energy outlook to 2050 based on today’s policy settings
…Gas use in the power sector rises, with annual output increasing by more than 1.5-fold in both scenarios to around 600 TWh by 2035. In the STEPS, renewables and nuclear together provide just over half of total generation by 2050, compared with 43% in the CPS. Solar PV generation rises from 44 TWh in 2024 to almost 200 TWh in 2035 in the STEPS, while expansion is slower in the CPS due to integration challenges. Other renewables also increase, led by geothermal, mainly in Indonesia and the Philippines. Climate risks add another layer to the region’s p…
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Renewables 2025 Executive summary
…Wind power faces supply chain issues, rising costs and permitting delays – but global capacity is still expected to nearly double to over 2 000 GW by 2030 as major economies like China and the European Union address these challenges. Hydropower is set to account for 3% of new renewable power additions to 2030. The faster growth of pumped storage plants between 2025-30 leads to a much greater increase in hydropower compared with the previous five years. In 2030, annual geothermal capacity additions are expected to reach a historic high, triple the 2024 increase, driven by growth in the United States…
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Global Energy Review 2025 Global trends
…than both overall energy demand and GDP, increasing by 4.3% in 2024. The absolute increase in demand was the largest ever recorded (excluding the jumps in years when the global economy recovered from recession). This reflects structural trends such as growing access to electricity-intensive appliances like air conditioning and a shift towards electricity-intensive manufacturing, as well as increasing power demand from digitalisation, data centres and AI, and the increasing electrification of end-uses. In all, the power sector made up three-fifths of the total increase in global energy demand. Renewables accounted for the largest share of…
- Key findings
- Global trends
- Oil
- Natural gas
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Renewables 2025 Renewable electricity
…wind market expands from 9.2 GW in 2024 to over 37 GW by 2030, with China accounting for almost 50% of this increase. In Europe, the annual market is expected to approach 14.6 GW by 2030. Policy changes in the United States, macroeconomic pressures and supply chain challenges have raised costs and undermined project bankability in several European markets and Japan, resulting in undersubscribed auctions and project cancellations. As a result, we have revised the global offshore wind capacity forecast 27% downwards from last year.Hydropower growth from 2025 to 2030 is expected to be slightly higher than during 2019-2024…
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World Energy Outlook 2025 Overview and key findings
…decade, but natural gas demand continues to grow into the 2030s, as a wave of new liquefied natural gas (LNG) exports brings downward pressure on prices. The emissions trajectory in the CPS is consistent with warming of almost 3 °C by 2100, whereas lower levels of emissions in the STEPS keep this to around 2.5 °C, slightly higher than the 2024 version of the STEPS. In the Net Zero Emissions by 2050 Scenario (NZE Scenario), warming peaks around 2050 at about 1.65 °C and declines slowly after that, largely due to active measures to remove CO2 from the atmosphere. The…
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Breakthrough Agenda Report 2025 Executive summary
…together, countries, companies and global initiatives are in the unique position to harmonise standards, aggregate demand, mobilise finance and move markets in ways that are nearly impossible to achieve in isolation. Geopolitical tensions and economic uncertainty are testing the resilience of international co-operation, but also underscore its importance to avoid fragmentation of global markets and delaying action on emissions reductions. This report therefore identifies many practical opportunities for countries to work together in ways that advance economic development objectives as well as transitions.The Breakthrough Agenda acts as a framework to identify where collaborative action is most needed. Launched…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Southeast Asia Energy Outlook 2026 Energy outlook to 2050 based on targets and pledges
Achieving Southeast Asia’s announced energy and climate pledges would bring forward a structural shift in the region’s energy system. In the Announced Pledges Scenario, total energy demand grows by around 2% per year to 2035, as stronger efficiency gains and electrification weaken the link between economic growth and energy consumption. Clean energy meets most incremental demand growth, raising its share in the energy mix to around 30% by 2035.Fossil fuel demand peaks before 2035 across all major fuels in the APS, in contrast to continued growth under today’s policy settings. Coal demand peaks around 390 Mtce…
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Electricity Mid-Year Update 2025 Executive summary
…to demand in many regions, as they did in 2024. Rising demand from industry, appliances, growing air conditioning use, the expansion of data centres, and ongoing electrification will remain major drivers of strong global electricity demand growth through 2026. As a result, electricity demand is expected to rise more than twice as fast as total energy demand in 2025 and to continue this trend in 2026. Electricity demand in China and India is expected to rise at a more moderate pace in 2025 than the rapid growth seen in 2024. After a 7% surge in 2024, electricity consumption in China…
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Renewables 2022 Renewable electricity
…Scenario. In the accelerated case, however, growth in the next five years (under policies that address challenges and faster implementation of countries’ existing plans) narrows the gap for renewable electricity growth needed to achieve net zero emissions by 2050. Overall, China on its own is forecast to install almost half of new global renewable power capacity over 2022-2027, as growth accelerates in the next five years despite the phaseout of wind and solar PV subsidies. Ambitious renewable energy targets in the 14th Five-Year Plan, market reforms and strong provincial government support provide long-term revenue certainty for renewabl...
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World Energy Investment 2025 Executive summary
…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 to see significant implications for spending on existing projects. Rapid growth in spending on…
