IEF explores energy market transparency in Riyadh

Exploring the concepts of energy market transparency, carbon management, and hydrogen market development, high-level meetings at the International Energy Forum in Riyadh saw senior officials and experts from governments, industry, and international organisations

The experts discussed how rapidly energy data is evolving, backed by dynamic digital solutions delivering timely, consistent, high-quality information. Transparent benchmarks such as JODI's responsibility in reflecting quality data with streamlined reporting holds immense significance in shaping global energy security and sound policy planning. The growing need for transparency across LNG, hydrogen and its derivatives, renewables, carbon management, and critical minerals were also discussed. 

The following day, the IEF and Japan's Organization for Metals and Energy Security (JOGMEC) co-hosted a High-Level Roundtable on Building Carbon Management and Hydrogen Markets. There were exchanges on policy frameworks, investment signals, and cooperation opportunities for scale emerging carbon and hydrogen value chains. 

An inter-secretariat meeting of JODI partner organisations including APEC, GECF, IEA, IEF, OLADE and OPEC led to a forward-looking roadmap to strengthen the global energy-data reporting framework, build institutional capacity, and expand JODI coverage in line with emerging challenges. The outcomes will guide future work programmes and reinforce global transparency efforts that support energy security, affordability, and sustainability.

"By collaborating with JODI organizations and others to improve data quality and availability, align reporting, and build capacity, we strengthen transparency and support better data for better decisions. Through the IEF's neutral and inclusive platform, which gives voice to all, we also act as a catalyst for cooperation in emerging areas such as carbon management and hydrogen markets. This collective effort contributes to more resilient and secure energy pathways," said IEF secretary general, Jassim Alshirawi.