BloombergNEF: Energy Transition Investment Trends 2024

This excerpt from the BloombergNEF Energy Transition Investment Trends 2024 report examines global investment in the energy transition in 2023. It breaks down the record $1.8 trillion invested across various sectors, including electrified transport, renewable energy, hydrogen, carbon capture and storage, and energy storage. The report highlights China as the largest market, followed by the US and EU, with the fastest growth in Europe. The report also dives into investment trends in the clean energy supply chain, climate-tech equity financing, and energy transition debt issuance. It concludes by discussing the future investment needs to achieve a net-zero emissions future, emphasizing that almost triple the 2023 investment levels are required annually between 2024 and 2030.