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18 February 2022

Energy transition fuels $755bn of investment in 2021

Global spend on the energy transition rose by 27% in 2021, with big growth in electric vehicles in particular, and almost half of all investment in Asia-Pacific.

By Energy Monitor Staff

Global investment in the energy transition grew by 27% in 2021, hitting a new record of $755bn, as countries stepped up their climate policy agendas, according to a report from research company BloombergNEF.

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Investment rose in almost every sector, including renewable energy, energy storage, electrified transport, electrified heat, nuclear, hydrogen and sustainable materials – with only carbon capture and storage (CCS) recording a fall. Together, clean power and electrification accounted for $731bn, with hydrogen, CCS and sustainable materials making up the remaining $24bn.

Global investment in the energy transition increased by 27% in 2021. (Photo by Bene_A via Shutterstock)

Despite its booming fossil-based power sector, Asia-Pacific was both the largest region for clean investment, at $368bn – accounting for nearly half the global total – and the region with the highest growth, at 38%. Investment in Europe, the Middle East and Africa grew by 16%, reaching $236bn, while the Americas saw investment grow by 21% to $150bn.

Free Whitepaper
img

What's the outlook for low carbon hydrogen?

The development of the hydrogen economy will support the fulfilment of decarbonization objectives, particularly for those sectors that are difficult to electrify, such as heavy industry, long-distance trucking, shipping, and aviation. GlobalData's Hydrogen Service tracks investment in the hydrogen sector, and provides you with:
  • A complete dataset of the low-carbon hydrogen projects across the globe.
  • Latest news across the hydrogen value chain.
  • Quarterly market analysis, with details of new projects, company activity and financial deals.
For more information, and to download sample pages from our quarterly market analysis, including a summary of the active and upcoming low-carbon hydrogen capacity by region, please enter your details.
by GlobalData
Enter your details here to receive your free Whitepaper.

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