1. Global energy investment set to hit record
Global energy investment is set to increase to a record $3.3 trillion in 2025, according to new figures.

The annual World Energy Investment report from the International Energy Agency (IEA) finds that, despite geopolitical tension and economic uncertainty, investment in clean energy technologies including renewables, nuclear and electrification is expected to climb to a record $2.2tn this year.

Investment in coal, oil and natural gas is on course for $1.1tn – the first decline on the previous year since the pandemic.

The report also notes that China has cemented its position as the world’s single largest investor in energy, and the technology attracting the most capital is solar PV.

In a statement accompanying the report, IEA Executive Director Fatih Birol said: “The fast-evolving economic and trade picture means that some investors are adopting a wait-and-see approach to new energy project approvals, but in most areas we have yet to see significant implications for existing projects.”

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