Investment
Choices shaping our energy futures
Investment made today in energy infrastructure will leave its mark for decades to come, so the energy sector presents exceptional opportunities, but also challenges for investors and governments who must deliver capital at the right time and in the right place, while also considering long time horizons.
Key findings
Global energy investment in clean energy and in fossil fuels, 2015-2023
OpenClean energy investment is extending its lead over fossil fuels, boosted by energy security strengths
We estimate that around USD 2.8 trillion will be invested in energy in 2023. More than USD 1.7 trillion is going to clean energy, including renewable power, nuclear, grids, storage, low-emission fuels, efficiency improvements and end-use renewables and electrification. The remainder, slightly over USD 1 trillion, is going to unabated fossil fuel supply and power, of which around 15% is to coal and the rest to oil and gas. For every USD 1 spent on fossil fuels, USD 1.7 is now spent on clean energy. Five years ago this ratio was 1:1.
Featured analysis
Analysis
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Financing reductions in oil and gas methane emissions
A World Energy Outlook Special Report on the Oil and Gas Industry and COP28
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Scaling Up Private Finance for Clean Energy in Emerging and Developing Economies
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Energy innovation investment remained resilient to shocks in a turbulent 2022
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Unlocking Smart Grid Opportunities in Emerging Markets and Developing Economies
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Government Energy Spending Tracker
June 2023 update
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World Energy Investment 2023
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Outlooks for gas markets and investment
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ASEAN Renewables Investment: Opportunities and Challenges
A Joint Report by the International Energy Agency and the Centre for Climate Finance & Investment