Low-carbon energy investment HIT Record $ 2.1 TN in 2024: report
Worldwide investments in the transition to low emission energy grew last year to a record of $ 2.1 trillion, according to Bloombergnef analysis, but enormously more is needed to achieve international climate goals.
Investments worldwide increased by 11 percent at 2023 with China that was good for two -thirds of the increase, much overshadowing of spending in Europe and the United States, according to the report of the Energy Transition Investment Trends 2025.
Electric vehicles, renewable energy and electric grids all attracted record investments last year, BNEF discovered.
“Our report shows how much growth we have seen in recent years in the energy transition, despite political uncertainty and high interest rates,” said Albert Cheung, deputy head of BNEF, adding that much more should be done.
BNEF discovered that the global investment of the energy transition should have an average of $ 5.6 trillion every year from 2025 to 2030 to let the world decipher quickly enough to achieve the goals of the Paris climate deal.
In that area, China is closest to the track, said Bnef, followed by Germany and the UK.
China was good for $ 818 billion in investments last year, an increase of 20 percent compared to 2023, according to the analysis, with all sectors assessed “with solid growth”.
The total investment of the country was greater than the US, EU and UK together, said Bnef.
Last year, the International Energy Agency said that almost $ 2 trillion in investments flowed in clean energy projects annually, almost double the amount spent on fossil fuel supplies.
The World Energy Outlook report said that more than half of the world’s electricity will be generated by sources with a low emission before 2030, with the demand for oil, gas and coal that still peaked towards the end of the decade.
