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Global Energy Review 2026 Global trends
…eased, increasing by around 0.65 mb/d, driven by petrochemicals and aviation as fuel demand for road transport growth remained muted as electric vehicle sales increased by over 20% to more than 20 million units. Natural gas demand increased by around 40 billion cubic metres (bcm). At 1%, the annual growth rate marked a notable slowdown from the 2.8% increase in 2024, as high prices curbed higher consumption. Energy demand growth in the United States accelerated, while China’s momentum slowed China accounted for the largest share of global energy demand growth in 2025, as in 2024. However, this…
- Key findings
- Global trends
- Oil
- Natural gas
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Integrating Solar and Wind in Southeast Asia Executive summary
…for all countries to diversify their energy sources. Driven by rapid urbanisation, population growth, industrialisation and rising living standards, demand growth exceeded 7% in 2024 - nearly double the global average. While the Association of South East Asian Nations (ASEAN) member states are becoming increasingly reliant on imported coal and gas for power generation, the recent global energy crisis underscored the risks that this dependence poses through fuel price volatility and supply disruptions. Meeting electricity demand growth securely, affordably and sustainably requires co-ordinated policy measures and actions from policymakers, regulators and utilities. Southeast Asia has vast potential to leverage a…
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Global EV Outlook 2026 Manufacturing and trade
…major production and demand centres. China remains the world’s largest hub for manufacturing and trade of electric cars, capturing nearly 75% and 40% of the respective global totals. Primarily led by domestic carmakers, China’s 2025 production of 16 million electric cars outstripped domestic demand by 20%, pushing Chinese electric car exports to double to a record high of more than 2.5 million. At the same time, exports of conventional cars from China remained at a level relatively similar to 2024 – meaning that electric cars were the primary driver of growth in car exports. In 2025, electric models represented more…
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Gas Market Report, Q2-2025 Executive summary
…macroeconomic uncertainties. The global gas balance remains fragile in an increasingly complex geopolitical context, and dialogue between producers and consumers is important to ensure secure gas supplies. On 24-25 April 2025, the IEA will convene an international Summit on the Future of Energy Security, in partnership with the UK government. The Summit will address traditional and emerging risks related to energy security, including those affecting natural gas and LNG value chains. Europe and North America led demand growth through the 2024/25 winter season while Asian markets slowed Natural gas demand patterns varied significantly across key gas markets, largely…
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Electricity Mid-Year Update 2025 Supply: Renewables grow the most, followed by gas and nuclear
…after a significant recovery in 2024 following the strong reductions due to droughts the year before. We project a rebound of more than 2% in 2026, assuming normal hydrological conditions.Nuclear power generation is set to hit a new record in 2025, and will continue to rise in 2026. This is fuelled by restarts in Japan, commissioning of new reactors in China, India, Korea and other countries, along with robust output in the United States and France. We forecast global nuclear generation to grow on average close to 2% over the period 2025-2026.Global gas-fired generation is expected…
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China’s Official Energy Finance in Emerging and Developing Economies Trends in China’s Outbound Energy Finance
…overseas energy engagement. Policy banks have placed a greater emphasis on project selectivity, risk management and alignment with host-country plans, especially after the COVID pandemic. At the same time, China’s broader official sector has expanded its international role in line with industrial competitiveness, global supply-chain integration and the overseas growth of Chinese developers and equipment suppliers. As a result, outbound finance increasingly flows through a more diverse mix of institutions and instruments, particularly in markets where host-country demand for energy infrastructure remains strong.Even with the decline, China remains one of the largest single-country prov...
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Breakthrough Agenda Report 2025 Building
State of the transition Emissions Sectorial CO2 emissions trends have been fairly stable since 2018.Efficiency gains in buildings are improving energy use, but rising ownership of appliances and extreme weather increasingly offset these benefits.Emissions intensity of steel and cement is largely the same as 2020, while global construction activity has slowed in recent years. Cost Investment in building energy efficiency has risen over the past decade, but growth is now stalling, while spending on electrification grows steadily.High-efficiency building envelopes often entail higher upfront costs, constraining uptake in markets without dedicated financial support mechanisms.Strengthening the business…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Global Hydrogen Review 2024 Progress summary dashboard
Note: 2024e = Estimated based on announced projects. FID = Final Investment Decision.
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Integrating Distributed Energy Resources in China Executive summary
…and commercial and industrial buildings. By 2024, distributed photovoltaics (DPV) accounted for 40% of the country’s total solar capacity, up from 30% four years earlier, while the stock of electric cars grew by more than 650% over the same period. This rapid deployment is reshaping China’s power system and placing increasing pressure on distribution networks to adapt.The speed of DER uptake has outpaced the readiness of the grid in several provinces. While China has succeeded in reducing and maintaining low curtailment rates over the past decade, localised grid constraints have emerged. In 2024, congestion and connection restrictions…
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Electricity 2026 Demand
…sectors and industrial restructuring. Advanced economies saw overall electricity demand relatively static in 2015-2020 and their share of global growth rising only to 10% in 2020-2025. The shift to growth became apparent in 2025, when advanced economies accounted for almost 20% of additional global demand, up from 17% in 2024. We expect this share to remain close to 20% through 2030, as electricity demand continues to grow due to a combination of increasing consumption from data centres, electric vehicles, air conditioners and heat pumps, among many other sectors. Over the 2026-2030 outlook period, we expect electricity demand…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
