Global energy investment is set to rise to a record 3.3 trillion U.S. dollars this year.
The International Energy Agency’s World Energy Investment 2025 report released on June 5th says clean energy technologies are expected to attract twice as much capital as fossil fuels.
The report estimates that clean technologies: renewables, nuclear, grids, storage, low-emission fuels, efficiency and electrification, are on course to hit a record 2.2 trillion US dollars this year.
The World Energy Investment report also predicts lower oil prices, noting demand expectations are set to result in the first year-on-year fall in upstream oil investment since the Covid-19 slump in 2020.
In contrast, investment in the construction of new liquefied natural gas facilities is on a strong upward trajectory. This as new projects in the United States, Qatar, Canada and elsewhere are expected to come online.
Between 2026 and 2028, the global LNG market is predicted to experience its largest ever capacity growth.
The International Energy Agency is an intergovernmental organisation that provides policy recommendations, analysis and data on the global energy sector. This year’s World Energy Investment report, marks the 10th edition of this flagship analysis.