Sign in Join
2 min read Energy Transition

Energy transition investment tops US$2tn for the first time

Current investment levels are only 37% of what is required to meet net zero by 2050.
Melodie Michel
Melodie Michel
Energy transition investment tops US$2tn for the first time
Photo by Riccardo Annandale on Unsplash

Global investment in the energy transition topped US$2 trillion for the first time in 2024, led by mature technologies such as renewable energy and electric vehicles.

Energy transition investment grew by 11% last year, with new highs in renewable energy and grids, transport electrification and energy storage, according to a new report by BloombergNEF (BNEF).

This post is for subscribers only


You might also like...

Jan
27
Persefoni Chief Sustainability Officer Kristina Wyatt leaves role

Persefoni Chief Sustainability Officer Kristina Wyatt leaves role

Stays on as chair of Persefoni Sustainability Advisory Board
1 min read
Jan
27
UK and EU sign deal to develop 100 GW of offshore wind energy in the North Sea

UK and EU sign deal to develop 100 GW of offshore wind energy in the North Sea

"This is Europe’s path to true independence.”
2 min read
Jan
26
Sustainability leaders voice concern over Exxon-backed carbon accounting initiative

Sustainability leaders voice concern over Exxon-backed carbon accounting initiative

"Fragmentation into parallel accounting systems would increase costs, reduce comparability and weaken investor confidence."
2 min read
Jan
26
Number of companies with SBTi-validated climate targets reaches 10,000

Number of companies with SBTi-validated climate targets reaches 10,000

“The world is making progress towards a net zero future despite set-backs and strong political headwinds."
2 min read
Jan
23
For the first time, renewables generate more electricity than fossil fuels in the EU

For the first time, renewables generate more electricity than fossil fuels in the EU

“The next priority for the EU should be to put a serious dent in reliance on expensive, imported gas."
2 min read