Changing Global Energy Investment Flows
The pattern of investments in recent years has started to shift the world towards a more electrified, renewables-rich energy system.
Despite headwinds, there are strong signs of an acceleration in clean energy transitions. The deployment trends for solar PV, electric vehicles, batteries and heat pumps are encouraging and the overall balance of investment is shifting towards clean energy. For every USD 1 spent on fossil fuels, USD 1.8 is now spent on a range of clean energy technologies and related infrastructure: five years ago this ratio was 1:1. The increase in spending is concentrated in advanced economies and China. A much broader flow of clean energy projects – based on stronger national policies and international financial support – is essential to meet the Sustainable Development Goals, including energy access, and global climate and energy security objectives.
Dataset
| 2015 | 2022 | |
|---|---|---|
| Oil | $679B | $493B |
| Natural Gas | $433B | $329B |
| Low Emissions Power | $362B | $660B |
| Energy Efficiency | $343B | $453B |
| Electric Grids and Battery Storage | $326B | $352B |
| Coal | $209B | $179B |
| Electrification | $36B | $147B |
| Low Emissions Fuel | $8B | $17B |
