WEMO 2025 (complet) - Flipbook - Page 75
03 Energy transition: countries perspective
Energy transition investments haven’t grown enough
The overall ambition of becoming climate neutral is re昀氀ected in global
energy investments. Over the past decade, these investments have risen
by more than 20%, with a major shift toward clean technologies such as
renewables and grids. By 2025, they are expected to reach USD 3.3
trillion (approximately 3.3% of world GDP). In 2024, investments in lowcarbon power, especially solar PV, were 50% higher than fossil fuel
investments, reversing the trend seen in 2015. However, grid investment
has not grown at the same pace, hindered by bureaucratic delays and
supply chain challenges.
China is leading the global clean energy push, investing over $625 billion
in clean energy in 2024 and achieving its 2030 wind and solar targets
early. Yet, amid economic pressures and concerns over energy reliability,
China has also increased investments in grid infrastructure and coal
power for energy security. Over the past decade, the United States has
signi昀椀cantly reshaped its energy investment strategy, reducing fossil
fuel investments from 60% to 40% and, boosting investments in
renewable manufacturing. However, under President Trump’s current
administration, recent cuts to clean energy spending and new tari昀昀s on
renewable imports have introduced uncertainty into the sector’s future.
FIGURE 7
Global annual energy investments [USD bn]
Source: iea
