Energy Transition

Around $1.70 is now invested in clean energy for every $1 invested in fossil fuels. Is that enough to get us to net zero?

A record $2.8 trillion will be invested in energy this year, says the IEA, with around $1.7 trillion earmarked for clean energy.

A record $2.8 trillion will be invested in energy this year, says the IEA, with around $1.7 trillion earmarked for clean energy. Image: Unsplash/peterbeukema

Ewan Thomson
Senior Writer, Forum Agenda
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Energy Transition

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Figure showing the energy-sector investment, 2019-2023e.
Expected energy sector investment in 2023 is higher across almost all categories. Image: IEA
Figure illustrating the annual clean energy investment, 2015-2023e
The IEA has signalled potential slowdown in growth in overall energy investment in 2023. Image: IEA

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Figure showing the increase in annual clean energy investment in selected countries and regions, 2019-2023.
The IEA says clean energy investment needs to be more evenly distributed. Image: IEA

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Energy TransitionFuture of the Environment
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