Energy transition investment reached record US$2.4tn in 2024, up 20%
"Funding for renewables is soaring but remains highly concentrated in the most advanced economies."
Global investments in the energy transition reached a record US$2.4 trillion in 2024 (up 20% from the previous year) – but investments in renewable energy are slowing down dramatically, according to a new report.
About one-third of all energy transition investments went to renewable energy technologies, a total of US$807 billion. While this is a new record, the year-on-year growth in renewables investment has slowed significantly, from 32% in 2023 to just 7.3% in 2024.
