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"Global energy transition investment exceeded $2 trln last year, report shows"
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"The report by BloombergNEF showed that global investment in low-carbon energy transition grew by 11% to a record $2.1 trillion in 2023, driven by renewable energy, power grids, and electrified transport and energy storage investment. However, the pace of growth was slower than in the previous three years. The largest market for investment was mainland China, which accounted for $818 billion of investment, up 20% from 2023. Experts say that global energy transition investment needs to average $5.6 trillion each year from 2025 to 2030 to meet a net zero emissions target by mid-century, but current investment levels are only 37% of what is required."
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