WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 218
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Changing commitments and focus
FIGURE 5
Annual Investment In Clean Energy By Selected Country And Region, 2019 And 2024, In $ Bn
• Global energy investment is set to exceed $3
tn for the 昀椀rst time in 2024, with $2 tn 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.
400
350
300
• In 2024, the share of global clean energy
investment in Emerging Market and Developing
Economies (EMDE) outside China is expected to
remain around 15% of the total
250
200
150
100
50
0
China
Source: IEA
2019
2024
United States
2019
2024
European Union
2019
2024
India
2019
2024
Latin America
2019
2024
2019
Southeast Asia
Fossil Fuels
Renewable Power
Power Grids and Storage
Nuclear and other clean power
Energy e昀케ciency and end -use
Low-emission fuels
2024
Africa
WEMO 2024
2024
218
2019
