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IEA’s World Investment Report 2024: Global Investment in Clean Energy to Reach USD 2 Trillion

Published on June 12, 2024
Current Context: The International Energy Agency’s (IEA) World Energy Investment Report 2024, launched on June 6, 2024.
IEA’s World Investment Report 2024: Global Investment in Clean Energy to Reach USD 2 Trillion
  • This report reveals that global investment in clean energy technology and infrastructure is set to reach USD 2 trillion in 2024, which is twice the amount being invested in fossil fuels.
  • The report serves as a global benchmark for tracking capital flows in the energy sector, examining how investors assess risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency, research and development, and energy finance.
  • Total energy investment is expected to exceed USD 3 trillion for the first time in 2024.
  • This significant milestone in the global shift towards cleaner and more sustainable energy sources is crucial for the world to meet the goals set at COP28 to transition away from fossil fuels, triple renewable capacity, and double the rate of improvements in energy efficiency by 2030.

Question:

1 What is the projected global investment in clean energy technology and infrastructure in 2024 according to the IEA’s World Energy Investment Report 2024?

  • A) USD 2 trillion
  • B) USD 3 trillion
  • C) USD 4 trillion
  • D) USD 5 trillion
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