Global energy investment is set to increase to a record $3.3 trillion in 2025, despite headwinds from elevated geopolitical tensions and economic uncertainty, according to a new International Energy Agency (IEA) report.
Investment in clean technologies – renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification – is the main driver, and will account for $2.2 trillion. Solar PV continues to attract more capital than any other technology.
Next to this, investment in oil, natural gas and coal is set to reach $1.1bn, underlining the gradual pace of the energy transition, with global spending on upstream oil and gas gravitating towards the Middle East.
Investment in new liquefied natural gas facilities is on a strong upward trajectory as new projects in the US, Qatar, Canada, and elsewhere prepare to come online. Between 2026 and 2028, the global LNG market is set to experience its largest ever capacity growth.
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