Global energy investment set to rise to $3.3 trillion

The International Energy Agency (IEA) said that global energy investment is set to increase in 2025 to a record $3.3 trillion despite headwinds from elevated geopolitical tensions and economic uncertainty, with clean energy technologies attracting twice as much capital as fossil fuels.

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In its new World Energy Investment 2025 report, IEA stated that investment in clean technologiesrenewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification - is on course to hit a record US$2.2 trillion this year.

The report explained that investment in solar, both utility-scale and rooftop, is expected to reach US$450 billion in 2025, making it the single largest item in the global energy investment inventory. Battery storage investments are also climbing rapidly, surging above US$65 billion this year.

Lower oil prices and demand expectations are set to result in the first year-on-year fall in upstream oil investment since 2020, according to the report, with an expected 6 per cent drop driven by lower oil prices and demand expectations.

Tech sector emissions, energy use grow with rise of Al: Tech sector carbon emissions continued their rise in recent years, fueled by rapid advances in artificial intelligence (AI) and data infrastructure, according to Greening Digital Companies 2025.