World Energy Investment 2023 is out now 🚨
It shows investment in clean energy is significantly outpacing spending on fossil fuels - boosted by its energy security strengths.
Explore the analysis 👇
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International Energy Agency’s Tweets
The world needs to build on the strong momentum in clean energy spending
Governments, industry & investors must work together to scale up investment, particularly in emerging & developing economies, in order to ensure a secure & sustainable transition 👉 iea.li/3BTcHVK
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The new Global Energy Transitions Stocktake brings together our latest data & analysis to track progress toward international climate goals.
It aims to support the first Global Stocktake of the Paris Agreement in the lead-up to COP28.
Take a look 👉 iea.li/3BWrjDS
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Renewables - led by solar - & electric cars are spearheading the expected increase in global clean energy investment this year
But faster growth is needed in other key areas like efficiency, grids & batteries in order to reach climate & energy goals → iea.li/3IGltdH
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Clean energy technology manufacturing is developing fast, with new projects announced by the day.
Our report provides an update on the latest announcements for 5 key technologies:
1️⃣ Solar PV
2️⃣ Wind
3️⃣ Batteries
4️⃣ Electrolysers
5️⃣ Heat pumps
More ➝ iea.li/3qcPv2g
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NEW: Investment in solar power to outstrip oil for first time, says 📈
And, of the $2.8 trillion set to be invested in energy worldwide in 2023, $1.7T+ is expected to go to renewables, nuclear power, EVs, and efficiency improvements.
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It’s taking off.
Clean energy is moving fast - faster than many people realise, according to #solar #windenergy
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Investment in solar to overtake oil exploration this year, International Energy Agency says
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The oil & gas industry had a record cash windfall in 2022 due to high fuel prices
But most of this has gone to dividends, share buybacks & debt repayment, rather than into energy investments. Only a small fraction has been spent on clean technologies 👉 iea.li/3q9EBds
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Capturing carbon dioxide directly from the air can play a valuable role in efforts to keep 1.5 °C within reach.
Read more from IEA’s & on how carbon markets could help scale up the deployment of this key technology → iea.li/3IDlaju
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While global clean energy investment is seeing strong momentum, this growth has been uneven.
More than 90% of the increase in recent years is in advanced economies & China
Mobilising greater financing for emerging & developing economies is crucial ➡️ iea.li/43sOK39
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In June, we'll bring together climate & energy leaders for our 8th Annual Global Conference on Energy Efficiency
They’ll discuss how #EfficiencyAction can boost energy affordability & security, while accelerating progress towards climate goals ➡️ iea.li/3WBcaRG
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La transición energética avanza en el mundo de la mano de las energías⚡️ renovables♻️.
Debemos sostener este impulso de inversión para alcanzar la meta de carbono neutralidad, enfrentar la urgencia climática, promover más empleos y mayor bienestar para todos.
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Investment in clean energy technologies by the oil & gas industry is less than 5% of what it spends on exploration & production
The industry can do far more to scale up clean energy options like renewables, low-emissions fuels, hydrogen & carbon capture: iea.li/3MXMMTk
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Global investment in clean energy is on course to rise to $1.7 trillion in 2023.
And for the first time ever, solar is set to attract more capital than oil production this year.
This reflects the changing tide in the energy world → iea.li/3MVLRCx
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Clean energy transitions hold new promise for African countries, with huge potential for renewables to drive development and opportunities in critical minerals & green hydrogen
On #AfricaDay, explore how the continent can build a brighter energy future ⬇️
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Today, and released our annual World Energy Investment report.
This year's edition is full of interesting insights about this key leading indicator for the energy sector.
Clean energy investment surged to more than USD1.7 trillion in 2022.
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Global spending in clean energy is widening the gap over fossil fuels
5 years ago, for $1 invested in fossil fuels, the same went to clean energy.
This year, for $1 invested in fossil fuels, $1.70 is going to clean energy.
More in our new report 👉 iea.li/42fkx72
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This #AfricaDay, we urge the international community to work in partnership with African countries to ensure energy access for all
Achieving this requires $25 billion per year from now to 2030 - the same cost as building just 1 large LNG terminal a year: iea.li/43pzR1B
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🗣 “Clean energy is moving fast – faster than many people realise. This is clear in the investment trends, where clean technologies are pulling away from fossil fuels”
More from IEA’s on the accelerating momentum behind clean energy spending → iea.li/3IF14p6
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Le nouveau rapport de l' sur les investissements mondiaux dans l'énergie vient de sortir! Un fil en français avec certains des principaux messages
[Lien vers le rapport complet : iea.li/3BQOlMq]
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Show this thread
And we’re LIVE! 🔴
Follow along as Chief Energy Economist & I launch our new World Energy Investment 2023 report & discuss the key findings 👇
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WATCH NOW 🔴 | We’re LIVE from the launch of World Energy Investment 2023!
Explore the analysis → iea.li/3OEsJud
Follow along as our Chief Energy Economist & Executive Director discuss the key findings 👇 iea.li/3onPfgl
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In just 1️⃣ hour, join us LIVE for the launch of our World Energy Investment 2023 report
Tune in as our Chief Energy Economist & Executive Director discuss the key findings
Watch along from 10:30 CEST 👉 iea.li/45sDNk9
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This morning, we released our World Energy Investment 2023 report: iea.li/3owxGdY
Don’t miss this thread from our Executive Director running through some of the key findings 👇
Quote Tweet
A major shift is taking place in global energy
5 years ago, for $1 invested in fossil fuels, the same went to clean energy. But since then, a big gap has opened up.
This year, for $1 invested in fossil fuels, $1.70 is going to clean energy 
iea.li/3BQOlMq
iea.li/3BQOlMqShow this thread
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For more on the key findings from ’s new World Energy Investment 2023, read the freely available report online ➡️ iea.li/43jx6Pi
And join IEA Chief Energy Economist & me for our LIVE launch event at 10:30 CEST ➡️ iea.li/3BRU44H
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Show this thread
The world needs to build on this strong momentum in clean energy investment
Governments, industry & investors all need to drive further progress on scaling up investment, particularly in emerging & developing economies
This is the key task for a secure & sustainable transition
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Show this thread
A major concern is the unevenness of growth in clean energy investment
More than 90% of the increase in recent years is in advanced economies & China
Mobilising greater financing for emerging & developing economies is critical to avoid new dividing lines in global energy
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Show this thread
Renewables (led by solar) & electric cars are spearheading the expected increase in global clean energy investment this year
We need to see growth pick up further in other crucial areas such as efficiency, grids & batteries
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Show this thread
Investment in clean energy technologies by the oil & gas industry is less than 5% of what it spends on exploration & production
The industry can do far more to scale up clean energy options like renewables, low-emissions fuels, hydrogen & carbon capture
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Show this thread
The oil & gas industry benefited from an unprecedented cash windfall in 2022, but most of this has gone to dividends, share buybacks and paying back debt – rather than into energy investments
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Show this thread
The shining example of the growth in clean energy investment is solar, which in 2023 is set to attract more capital than global oil production for the first time ever
This reflects the changing tide in world energy
Read more in 's new report 👉 iea.li/43jx6Pi
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Show this thread
A major shift is taking place in global energy
5 years ago, for $1 invested in fossil fuels, the same went to clean energy. But since then, a big gap has opened up.
This year, for $1 invested in fossil fuels, $1.70 is going to clean energy ➡️ iea.li/3BQOlMq
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Global sales of heat pumps grew by 11% in 2022, marking a second year of double-digit growth
Building on this momentum will key for the world’s transition to secure & sustainable heating
Read more in our latest commentary, out today → iea.li/45ouDVW
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🗣 “Buildings must switch from being passive & inefficient energy consumers into active participants in the energy system”
In a recent commentary, IEA’s Ksenia Petrichenko underscores how boosting #EnergyEfficiency in buildings can help reach #NetZero → iea.li/3MQZtiw
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World Energy Investment 2023 is coming out tomorrow! 📢
It will explore how responses to the global energy crisis are impacting energy spending worldwide & what's needed to get on track to reach climate goals
Watch the launch LIVE from 10:30 CEST → iea.li/3BTnwHf
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Fossil fuel consumption subsidies rose to a record of over $1 trillion in 2022 amid the global energy crisis
Read more in this commentary from IEA’s Toru Muta & on why structural changes to bring down fossil fuel demand are needed ➡️ iea.li/422N5jM
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We recently released a brand new database on carbon capture, utilisation & storage projects around the world! 📢
Our CCUS Projects Database can serve as a tool for governments & companies aiming to accelerate the deployment of these key technologies → iea.li/423F7XQ
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