View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Finance
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.

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.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Keep up with the global energy transition with one of our editors bringing you the best of our data-led news and analysis every Monday and Thursday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy