As global energy transition investment reached a record USD 2.4 trillion in 2024, significant gaps remain in funding for key technologies and regions, underscoring the need for impact-driven finance and stronger public sector leadership to ensure all countries can meet the 2030 target of tripling renewable power capacity.

Sharp rise in energy transition investment

2.4 trillion dollars was invested in the energy transition in 2024 - a record high and a 20% increase from the average annual levels of 2022/23.

The latest report shows that investment in energy transition technologies continues to rise sharply, yet at slower pace compared to previous years.