"Global energy spending at 3.3 trillion USD" - IEA: Two-thirds of investments will go to green sources
Global energy investment is expected to reach a record $3.3 trillion by 2025. Two-thirds of this spending will go to "clean energy" technologies, double the amount going to fossil fuels, according to a report released today by the International Energy Agency.
The total marks a 2% increase "in real terms" compared to 2024, "despite difficulties from high geopolitical tensions and economic uncertainty," the agency said.
The report predicts that about $2.2 trillion will go to renewables, nuclear power, grids, storage, low-emission fuels, energy efficiency and electrification in 2025, compared to $1.1 trillion for oil, gas and coal.
The surge in "clean energy" investments reflects "not only efforts to reduce emissions, but also the growing influence of industrial policy, concerns about energy security and the competitiveness of electricity-based solutions," the agency said.
Energy security is "a key driver" of global investment growth, the official sources said. Investment trends are being shaped by a "rapid increase in electricity demand." Global spending in the sector is expected to reach $1.5 trillion this year, driven largely by record investments in low-emission generation. Solar power alone is expected to attract $450 billion in 2025.
Investment in energy networks is "struggling to keep pace with high demand," although spending could surpass a record $400 billion this year, according to the report.
In contrast, investment in fossil fuel supply is expected to fall by about 2% in 2025, the first decline since 2020, due to lower prices and an uncertain investment climate. Oil and gas spending is forecast to shrink by about 4% to about $570 billion.
"The sharp decline in oil prices, rising operating costs, tariff impacts and concerns about potential oversupply have forced many companies to review their plans," the agency said.
Investment in coal supply is expected to expand again in 2025, but more slowly, at 4% per year, compared with an average annual growth of 6% over the past five years. This investment is mainly led by China and India.
While spending on "low-emission fuels" could reach a new record this year, it will remain below $30 billion. The agency noted that such projects "are particularly sensitive to policy uncertainty."
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