Overview
- IEA forecasts total energy investment will reach $3.3 trillion in 2025 with $2.2 trillion directed to renewables, nuclear and storage, twice the spend on fossil fuels.
- Solar power stands to benefit most with investment set to hit $450 billion while battery storage funding climbs to around $66 billion.
- Upstream oil investment is projected to drop 6% on lower prices even as liquefied natural gas projects gear up for unprecedented capacity expansion.
- Annual spending of $400 billion on power grids trails generation and electrification outlays, raising concerns over electricity security without faster upgrades.
- China contributes nearly one-third of global clean energy funding while Africa secures only 2% of the total clean energy investment.