This year’s 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.
- Published in
- France
Files
Table of Contents
- World Energy Investment 2024 3
- Abstract 3
- Table of contents 4
- Overview and key findings 5
- Tracking COP28 Progress 19
- Finance 26
- Overview 27
- Trends for financial market actors 36
- Trends for financial instruments 47
- Implications 56
- Power 58
- Overview 59
- Generation 64
- Final investment decisions (FIDs) 72
- Grids and storage 79
- Implications 84
- Investment in clean technology manufacturing is surging, driving price decreases but also creating overcapacity in solar PV and battery manufacturing 70
- Fuel supply 87
- Overview 88
- Upstream oil and gas 92
- LNG and refining 102
- Methane 107
- Coal 110
- Bioenergy 113
- Hydrogen 116
- CCUS 119
- Critical minerals 122
- Implications 126
- Energy end use and efficiency 130
- Overview / Investment 131
- Buildings 136
- Transport 145
- Industry 151
- Implications 154
- R&D and technology innovation 157
- Overview 158
- Spending on energy R&D 160
- VC funding of early-stage energy technology companies 166
- Implications 177
- Regional deep dive 180
- China, the European Union and the United States have taken the lead on clean energy investment, accounting for almost 60% of the current global spending on clean energy 181
- United States 182
- Latin America and the Caribbean 185
- European Union 188
- Africa 191
- Middle East 194
- China 197
- India 200
- Japan and Korea 203
- Southeast Asia 206
- Eurasia 209
- Annex 212
- Acknowledgements 213
- Abbreviations and acronyms 216
- Units of measure 217
