Many emerging and developing economies are missing out on the wave of global clean energy investment as the high cost of capital for new projects is deterring developers and stifling opportunities in the new energy economy, particularly for some of the world’s poorest countries, this new IEA report finds.

The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these developments may impact Indian crude and product net trade.

First-ever IEA review of Senegal’s energy policies finds that robust institutions and planning, as well as success in expanding electricity access, bolster momentum towards 2035 goals.

Renewables are growing rapidly and nuclear power is on track to reach new all-time high next year, enabling low-emissions generation to outpace robust electricity demand growth.

The amount of renewable energy capacity added to energy systems around the world grew by 50% in 2023, reaching almost 510 gigawatts (GW), with solar PV accounting for three-quarters of additions worldwide, according to Renewables 2023, the latest edition of the IEA’s annual market report on the sector.

Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals.

Rapid deployment of low-emission fuels during this decade will be crucial to accelerate the decarbonisation of the transport sector. Significant electrification opportunities are available for the road transport sector, while the aviation and marine sectors continue to be more reliant on fuel-based solutions for their decarbonisation.

Actions by governments in the Group of Seven (G7) can play a vital role in advancing inclusive, secure and sustainable energy transitions worldwide and addressing the climate crisis.

Governments, businesses and citizens around the globe are facing the challenge of climate change and how to accelerate the global clean energy transition to reach net zero emissions by 2050 at the latest.

Uganda’s Energy Transition Plan (ETP) is a strategic roadmap for the development and modernisation of Uganda’s energy sector. It charts an ambitious, yet feasible pathway to achieve universal access to modern energy and power the country’s economic transformation in a sustainable and secure way.