Alain Renaud’s Post

📢 Global Clean Energy Investment to Reach $2 Trillion in 2024 According to the IEA, investment in clean energy technology and infrastructure is projected to hit $2 trillion in 2024, doubling the investment in fossil fuels. Total energy investment will exceed $3 trillion for the first time. Clean technologies, including renewables and electric vehicles, lead the way, driven by cost reductions and energy security needs. China, Europe, and the US are the top investors, with significant focus on solar PV. Despite growth, emerging economies still face investment shortfalls. #CleanEnergy #Investment #Sustainability #Renewables #EnergyTransition

WORLD ENERGY INVESTMENT REPORT 2024 | The International Energy Agency(IEA) recently published its World Energy Investment yearly report. "It provides a global benchmark for capital flows in the energy sector and examines how investors are assessing risks and opportunities across the areas of fuel and electricity supply, critical minerals, efficiency, research and development, and energy finance. The report highlights several key aspects of the current investment landscape, including persistent cost and interest rates pressures, the new industrial strategies being adopted by major economies to boost clean energy manufacturing, and the policies that support incentives for clean energy spending, notably from the increasingly important viewpoints of energy security and affordability. The report also includes a new regional section covering 10 major economies and regions. It also assesses additional efforts needed to meet the COP28 goals to transition away from fossil fuels, triple renewable capacity and double the rate of improvements in energy efficiency by 2030." Link for PDF: https://lnkd.in/d4mna8Xj #WorldEnergyInvestment #Energy #Economy #Investments #Energyefficiency #InternationalEnergyAgency #IEA

The International Energy Agency (IEA) report edition of the World Energy Investment provides a full update on the investment picture in 2023 and an initial reading of the emerging picture for 2024. The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency, research and development and energy finance. The report highlights several key aspects of the current investment landscape, including persistent cost and interest rates pressures, the new industrial strategies being adopted by major economies to boost clean energy manufacturing, and the policies that support incentives for clean energy spending, notably from the increasingly important viewpoints of energy security and affordability. This year’s edition provides an expanded analysis on the sources of investment and sources of finance in the energy sector, including new insights on the role of development finance institutions in energy investments across emerging and developing economies. It will also look at how investment trends in clean energy compare with those in fossil fuels, as well as the geographic distribution of these investments. The report also includes a new regional section covering 10 major economies and regions. It also assesses additional efforts needed to meet the COP28 goals to transition away from fossil fuels, triple renewable capacity and double the rate of improvements in energy efficiency by 2030.

https://lnkd.in/gfCHx6Ne Very informative and detailed look at global investments in renewable energy technologies. IEA demonstrates global investment in renewables were twice as much of that going into fossil fuels in 2024.

🌍 Global Energy Investment Trends in 2024 🌍 With global energy investment on the rise, it’s exciting to see the sector’s transformation. According to the International Energy Agency (IEA) World Energy Investment 2024 report, total energy investment is expected to exceed USD 3 trillion for the first time this year. What’s even more promising? Nearly USD 2 trillion of that investment is dedicated to clean energy technologies and infrastructure! Here are some key highlights: 1. Clean Energy Acceleration: Investment in renewables, grids, and storage now nearly 2x spending on oil, gas, and coal. 2. Solar Power Dominance: Solar photovoltaic (PV) technology leads the way, projected to exceed USD 500 billion in 2024. 3. Clean Power vs. Fossil Fuels: The ratio of clean power to unabated fossil fuel generation investments is set to reach 10:1, up from 2:1 in 2015. 4. Grid Upgrades: Investment in grids is rising, hitting USD 450 billion in 2024, up from $300 billion in 2020. 5. Battery Storage Surge: Investments in battery storage are ramping up, expected to exceed USD 50 billion in 2024. 🔗 Read the full IEA report below. We’re in the midst of an #EnergyTransition, and at Jacobs, we’re committed to accelerating toward a sustainable energy future. Reach out if you’d like to be part of our story! 🌟

Highly recommend the International Energy Agency (IEA)'s World Energy Investment 2024 report. Lots of really interesting and important findings in there eg: - the world now invests almost twice as much in clean energy as it does in fossil fuels - a doubling of investments to triple renewables capacity and a tripling of spending to double efficiency is needed to keep 1.5°C within reach

BloombergNEF’s Energy Transition Investment Trends 2024 finds that renewable energy, electric vehicles, hydrogen and carbon capture all drive investment growth year-on-year: • China leads with $676 billion invested in 2023, or 38% of the global total • Together, the EU, US and UK invested more than China in 2023, which was not the case in 2022 • Investment in the clean energy supply chain hit $135 billion globally in 2023, and could rise to $259 billion by 2025 Unfortunately, The current level of investment in clean energy technologies is not nearly sufficient to set the world on track for net zero by mid-century. According to the report, energy transition investment would need to average $4.8 trillion per year from 2024 to 2030 to align with BNEF’s Net Zero Scenario, a Paris Agreement-aligned trajectory from the 2022 New Energy Outlook. This is nearly three times the total investment observed in 2023. #cleanenergy #investment #2024predictions #renewableenergy

📢 Twice as much investment in clean energy as in fossil fuels! According to the International Energy Agency (IEA)'s recently published "World Energy Investment 2024" report, global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean energy has accelerated since 2020, and spending on renewable power, grids and storage is now higher than total spending on oil, gas, and coal. In the case of hydrogen, investment in electrolyzers will grow by almost 140% to USD 5 billion. This is mainly due to new capacity additions, as well as cost inflation in the industry and the resulting increases in equipment prices and financing costs. According to the IEA, most of the electrolyzer capacity coming on stream in the next few years will replace existing hydrogen users (refineries and chemical industries). In this context, Europe is expected to see a 120% increase in investment, with major projects located in Portugal and Sweden.   As part of its commitment to decarbonization, Wolftank Group is strongly fostering the hydrogen economy. Thanks to continuous innovation, we offer high-quality technological solutions for both mobility and intralogistics, providing our customers with the necessary infrastructure to integrate hydrogen into their business in a simple and efficient way. We welcome the increased investment in this sector! https://lnkd.in/dt-4nU_u   #IAE #WorldEnergyInvestment2024 #decarbonization #hydrogen #Energizingthefuture

Global investments in the low-carbon energy transition surged by 17% YoY, reaching $1.77 trillion in 2023. China was the largest investor, accounting for around 38% of total investment. However, European Union, US, and UK together overtook China in total investment, recording strong growth in investments. Electrified transport became the largest segment for investment in energy transition followed by renewable energy and power grid. New-age segments such as hydrogen, carbon capture and storage, and energy storage recorded strong growth during the year. #renewableenergy #sustainbility #cleanenergy #energytransition

Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion in 2023, According to BloombergNEF Report. After renewable energy and electrified transport, power grid investment was the third-largest contributor at $310 billion. Grids are a critical enabler for the energy transition, and investment in them will need to rise. https://lnkd.in/eTcvGYe7